Web3 is revolutionizing the music industry by empowering artists to connect directly with fans, allowing them to earn more through NFTs and smart contracts. Major companies like Warner and Universal are investing in this technology to adapt to new business models that enhance fan engagement and create fairer revenue streams.
The traditional music industry is declining due to its outdated structure favoring major labels. Independent artists are leveraging Web3 and AI technologies to gain control over their careers and build sustainable incomes. By utilizing direct fan engagement and innovative tools, they can foster a fairer music landscape where they thrive without industry gatekeepers.