Music Ally Focus #8: Music NFTs fever heats up with 3lau and Kings of Leon - so what’s next for NFTs and music?

2021-03-10

Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. We're in a moment of intense hype around non-fungible tokens of all kinds, music included. Grimes sold $5.8m of her NFTs in 20 minutes last week, while Mike Shinoda recently made tens of thousands of dollars from a single NFT, including a new song. Now artist 3lau (aka Justin Blau) has set his own record: $11.6m of NFT sales. Joe and Stu discuss if this is another crypto bubble, and what the actual good uses of NFTs...

Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. We're in a moment of intense hype around non-fungible tokens of all kinds, music included. Grimes sold $5.8m of her NFTs in 20 minutes last week, while Mike Shinoda recently made tens of thousands of dollars from a single NFT, including a new song. Now artist 3lau (aka Justin Blau) has set his own record: $11.6m of NFT sales. Joe and Stu discuss if this is another crypto bubble, and what the actual good uses of NFTs might be for artists.

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