The Benefits of NFTs and Web3 for Musiciansby@waynechangsaatchiart

The Benefits of NFTs and Web3 for Musicians

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The token economy, smart contracts, and the rising Web3 environment are transforming the art and music world for the benefit of creators everywhere. For decades, artists and musicians have struggled against outdated gatekeeping models, unfair compensation, inefficient payment structures, and barriers inhibiting meaningful connections with their audiences. Flash to today, 2022: a world where NFTs provide alternatives for creators who want to connect directly with their fans and get fairly compensated for their work. A musician in the US only earns between $20,000 and $25,000 annually.

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