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a16z's Crypto Thesis | Arianna Simpson, Ali Yahya

Empire

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Is There a Better Model for Music Nft?

Ali: Music is one of the categories that's most ripe for disruption with something like crypto in part because it has been hostage to a small number of record labels for so long. Ali: Of those 8 million artists on Spotify only 14 000 make more than 50,000 dollars a year which is barely a living. No one actually makes any money on Spotify no one makes a living on Spotify other than the toplike you know 0.02 percent of artists on the platform and that is because just the structure is such that it's it's very power lot Like all of the streaming revenues of going to asmall number of artists and then so much of it ends up getting captured by Spotify and by

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