{"id":8253,"date":"2022-02-21T00:53:17","date_gmt":"2022-02-21T00:53:17","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/music\/the-top-21-music-nft-moments-of-2021\/"},"modified":"2022-02-21T00:53:20","modified_gmt":"2022-02-21T00:53:20","slug":"the-top-21-music-nft-moments-of-2021","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/music\/the-top-21-music-nft-moments-of-2021\/","title":{"rendered":"The Top 21 Music NFT Moments of 2021"},"content":{"rendered":"
In 2021, the inevitable occurred, as NFTs were embraced by a music industry that was more than eager to find alternate revenue streams once the COVID-19 pandemic effectively cut off musicians from their primary sources of income \u2014 live shows and merchandise sales. However, the industry\u2019s acceptance of NFTs should surprise no one, really. After all, the \u201cmusic biz\u201d has forever been bound to technology, and industry actors have always adapted to keep pace.<\/p>\n
This year, more than any other previously, artists both well-established and up-and-coming realized that they could go directly to their fans, and sell unique, tokenized versions of their songs, albums, and artwork \u2014 and ultimately, those musicians could yield substantially higher profits. As a type of digital asset, NFTs offer up a new way for creators to market and sell their content, expanding the possibilities of how art, music, literature and more can be disseminated and consumed.<\/p>\n
Music NFTs will continue to revolutionize the way that artists and fans create community together as we enter the upcoming year \u2014 undoubtedly changing the trajectory of countless budding music careers. Now that the possibility of sharing wealth within an independent, digitized ecosystem of fans and creatives has been actualized, the future of the music industry seems even less predictable than it did in the midst of a global pandemic.<\/p>\n
So with 2021 ending, we\u2019ve partnered with Coinbase and UnitedMasters, who recently partnered to pay out musicians in cryptocurrency, to look back on the music NFT moments that made the most waves \u2014 historic moves that could signal a paradigm shift in the way the music industry operates.<\/p>\n