{"id":15877,"date":"2022-12-21T22:55:56","date_gmt":"2022-12-21T22:55:56","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/music\/the-15-moments-that-defined-web3-music-in-2022\/"},"modified":"2022-12-21T22:55:58","modified_gmt":"2022-12-21T22:55:58","slug":"the-15-moments-that-defined-web3-music-in-2022","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/music\/the-15-moments-that-defined-web3-music-in-2022\/","title":{"rendered":"The 15 Moments That Defined Web3 Music in 2022"},"content":{"rendered":"
In 2020, the COVID-19 pandemic flipped the music industry on its head. With musicians cut off from their primary sources of income, live shows halted and merchandise sales dropped off. For most, the money just stopped coming in. As the months dragged on and things didn\u2019t get better, it became difficult to see a light at the end of the tunnel. But then NFTs happened, and suddenly artists were getting paid their dues via the blockchain. Then, in 2021, something clicked, and the music industry embraced\u00a0non-fungible tokens (NFTs).<\/p>\n
Throughout the past few years, well-established\u00a0and\u00a0up-and-coming musicians adopted and adapted to a new form of musical art known as NFTs. Through influential collaborations, high-profile releases, and even multimillion-dollar sales, one thing became certain: Music NFTs would continue to revolutionize the way musicians and fans create and build community.<\/p>\n
FURTHER READING:\u00a0The Music NFT Bible: A Guide to the Future of Sound<\/strong><\/p>\n So in keeping true to our goal to empower the creators of culture, throughout the past year we\u2019ve continued to track how the music NFT space has developed and how artists have benefited as a result. In celebration of the many Web3 artists and creators that have continued to make waves throughout the market, here are the biggest NFT moments of 2022.<\/p>\nRoyal and Nas\u2019 first-ever NFTs sell out in minutes<\/h2>\n