Are NFTs the new way to sell music for musicians? Torey Lanez, and many other artists such as Snoop Dogg are starting to release their own NFTs which are valued at a remarkable value.
Torey Lanez sold his last album, and each single in it as an NFT which he claims to have made millions of dollars in. The future is bright for the music industry because now even the fans have the ability to make money off artists and their singles as well.
Imagine the artist who bought a single for a $1 in ethereum and resold it for more. The idea is absolutely a genius and extremely innovative. Moving forward we can most likely expect this to become a new normalcy of releasing music.