Interesting Ways Blockchain and NFTs Could Impact Music

Music critic Ted Gioia had some ideas on the ways blockchain and NFTs can impact music–positively for both musicians and fans. I’m not comfortable with my knowledge of blockchain or NFTs, but based on what I know, Gioia’s speculations does generate some enthusiasm. I say more on this later, but I should also say that I have a heavy-dose of skepticism, with regard to a new financial model that will actually compensate musicians fairly. My cynical sense is that the corporations (and historically, the people with money) will ultimately find ways to exploit the artists. (A handful of individual artists may prosper, but many will not, including great artists who were ahead of their time.)

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