NFT
NFT market OpenSea has partnered with the U.S. report label Warner Music Group.
Artists who signed below Warner Music Group can have their very own drop pages on OpenSea in an try and bolster fan engagement and construct group, based on a Warner Music Group launch.
“As an enormous music fan myself, I’m thrilled to work with a associate who understands the importance of this expertise, and desires to make use of it for good — to empower artists to personal their fan connections straight,” OpenSea’s Vice President of Product Shiva Rajaraman mentioned within the assertion.
Warner Music Group partnering with OpenSea follows different developments the music NFT ecosystem noticed in 2022.
In February, Common Music Group partnered with the leisure NFT platform Curio to drop digital belongings for the report label. Music streaming big Spotify introduced in Might that it’ll start trialing NFTs on its platform.
NFTs can provide sure perks to efficiency artists, similar to letting artists generate recurring income by way of royalties and permitting their work for use in digital worlds, founding father of the music NFT platform HitPiece Rory Felton beforehand advised The Block.