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RE: Web 3.0 and the Music Industry - New Models for Distribution and Royalties

in Cent7 months ago

organizations, managers or platforms that hold the responsibility of getting your music out there have more control over the royalties and how far your music goes or even to which audience the music gets to.

The above is the sad reality. Unfortnately, these guys reap the biggest rewards of efforts they know nothing about. Imagine what it takes to write a music script, design lyrics and make the video. These take long and enough financial input. At the end a platform takes a higher percentage of royalty. The middleman has killed music.

Web3 will give back full ownership of content and distribution to the artist, ensuring that they earn all royalties as long as the music sells. Web3 comes with a huge promise. The protection of intellectual music property is there, protection from fake reproduction of music is there, transparency of all transactions and most important, censorship resistance.

Just as you mentioned, there are challenges to implementation. But as web3 continues to get better, these challenges would be overcome. The music industry needs a facelift and web3 would provide it

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Yes said it exactly so brother, the middleman has completely killed music. Hive and all other web 3.0 platforms will keep growing brother, at the point these unfair situations will seize. The efforts of artists needs to be rewarded accordingly and Web 3.0 has the solutions. Wow thank you so much for your comments, it means so much to me. Let's keep growing this platform !WINE

Gradually, even musicians and other creatives would come to see the middleman as what it is - greedy ripper. Web3 needs more publicity, more marketing to these target creative industries. I think if they understand what it offers, a lot would like to at least try it out.

Yes bro, it's an education issue, we'll need to do that. Infact yesterday I thought a young boy about Web 3 and he was so fascinated. He wants more knowledge so he can take advantage while it's still young

Sure it needs robust marketing. Once many comes to understand it properly and misconceptions are cleared, then we are one step closer to mass adoption.

Yes brother I really can't wait for that day. The whole world will so change for the better