New Blockchain Platform Merges NFTs and Music Rights

The video discusses the financial challenges artists face when signing with record labels and the benefits of maintaining independence. It explores the speaker's journey into cryptocurrency and NFTs, highlighting the potential for fans to own music. The Royal platform is introduced as a way for fans to invest in music and earn royalties. The video also considers how distributed ledger technology could benefit other industries like gaming and journalism. Finally, it examines how Clubhouse has fueled interest in NFTs, especially during the pandemic.

Why do artists who maintain ownership of their music benefit more from streaming revenues?

• They capture more revenue from their streams.

• They focus on live performances.

• They rely on physical album sales.

• They sign exclusive deals with record labels.

What was the main goal of the speaker when exploring cryptocurrency in relation to music?

• To involve fans in music ownership.

• To increase concert ticket sales.

• To eliminate record labels.

• To create a new music genre.

What is the primary function of the Royal platform?

• To allow fans to invest in music and earn royalties.

• To stream music for free.

• To promote new artists.

• To sell concert tickets.

Which industries, besides music, could benefit from the technology used in Royal?

• Fashion and retail.

• Construction and real estate.

• Healthcare and pharmaceuticals.

• Gaming and journalism.

How did Clubhouse contribute to the popularity of NFTs?

• By hosting NFT auctions.

• By partnering with major NFT creators.

• By creating a platform for passionate discussions about NFTs.

• By offering free NFTs to users.