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Entrepreneurs on Fire
How Band Royalty is Revolutionizing Music with Noble Drakoln: An EOFire Classic from 2021
Feb 24, 2024
43:16
Snipd AI
Discover how NFTs are revolutionizing music royalties with Noble Drakoln, exploring the transformative impact on ownership models, revenue collection, and the future landscape of non-fungible tokens in the music industry.
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Quick takeaways
- NFTs offer new revenue streams for musicians through unique collectibles.
- Band Royalty prioritizes a music-agnostic model, valuing diverse music royalties for investment opportunities.
Deep dives
The Broken Music Industry and Royalty Issues
The traditional music industry's royalty system is outdated and broken, originating from the jukebox era and failing to adapt to modern technologies like streaming. Examples include Correll receiving minimal royalties for millions of streams. Current systems like ASCAP and BMI struggle to distribute royalties efficiently. The industry lacks transparency and efficiency, leading to artists being undercompensated.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode