Music NFTs Are Here: How Decent Allows Fans To Invest In Artists - Ep. 188
The Blockcrunch Podcast
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The Difference Between Traditional and Decent Labels
A traditional label deal generally is the label agrees to give an advance or a recording fee to artist for in return, the label receives 80 to 85 % of all the master master rights to the song from the artist. With decent, on the other hand, we are allowing artists,. enabling artists to relinquish 20, 30, forty percent f rights. I commit those to the decent platform. Ultimately, what they receive as an up front capital injection comes from the nft auction that they do for the song. They keep that and then continue to earn on secondary transactions as well.
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