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15th June 2021, Singapore – The growth of the internet and mobile era has opened an entirely new world for creatives. While it has empowered the music industry and given it new grounds to profit from, there are still inherent uncertainties such as illegal downloads and underpaid royalties.
As the viability of the music industry in the 21st century comes under question, NFTMUSIC.AI’s mission is to create an ecosystem that safeguards all the content that everyday musicians and content creators develop, and to prevent the fruit of their labor from being taken advantage of. NFTMUSIC.AI aims to change the landscape of the music industry by empowering artists in the industry through their content, and move the musical culture forward as they do so.
“Musicians and artists have limited ways of monetizing and keeping track of their original compositions and performances because they still get ripped off their royalties somehow,” says Founder, Leon Lim. He continued:
“We built NFTMUSIC.AI to empower them to do what they do best, while using technology to solve these complex tracking and monetization problems.”
The opportunities offered by blockchain technology have enabled NFTMUSIC.AI to re-think how the music industry operates. Harnessing the power of blockchain technology, they believe that it can improve upon the current limitations of digital music distribution and create an ecosystem that will support musicians in gaining proper compensation for their work.
