The GaryVee Audio Experience The Music Industry and NFTs | Meeting with Larrance Dopson & 1500 or Nothin'
May 2, 2022
Dive into the revolutionary intersection of music and NFTs, where artists gain control over their work and engage directly with fans. Discover how blockchain technology is reshaping the music landscape, from artist royalties to the elimination of traditional record contracts. The discussion also highlights the innovative financing methods for emerging talent and the role of community in this new era. Plus, explore the complex world of NFT sales and the impact of cryptocurrency volatility on the market.
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Music Industry Shift
- The music industry's economics are shifting, empowering musicians and fans.
- Intermediaries, previously dominant, will lose influence.
NFT Funding for Artists
- Emerging artists should leverage NFTs for initial funding instead of label deals.
- Offer fans a percentage of future royalties for early support.
Mike Boyd's Early Artist Support
- Gary Vaynerchuk highlights Mike Boyd's early support of artists like Mac Miller and Wiz Khalifa.
- He suggests Boyd could have significantly profited with NFTs 20 years ago.