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.
DAO-based music communities are revolutionizing fan engagement, empowering artists and fans to collaborate through decentralized governance. This model allows for shared decision-making and profit-sharing, enabling indie musicians to maintain control over their art while fostering deeper connections with supporters. Each participant plays a crucial role in shaping the community’s creative direction and financial success.