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NFT: That’s how some musicians earn in 2 minutes what they would earn in millions of views!

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On April 20, the rapper, songwriter and entrepreneur posted. Death row session: vol. 2 at Sound.xyz in the form of NFT. In a single day, the 1,000 copies were sold for a total of 100 Ethers (ETH), or just over $300,000 at the time.

NFT and Web3 are no strangers to Snoop. It has a number of digital assets, including. NFT Crypto Punk and Boring Monkey. He also produced several of them. Snoop has also released songs and a video as NFT.

This time he took a different approach. He featured Iman Europe, MoRuf Adewunmi, Black Dave and Heno, all of whom are known to have paved the way for Web3 artists.

Web3 and NFT condemn traditional music labels.

Recently, several celebrities have promoted NFTs, either to promote their own collections or to promote a new investment. Artists are increasingly turning to this sector, as they see it as a more lucrative way to make a living than what the traditional music industry offers.

Instead of relying on a record label or streaming service, blockchain technology allows artists to set their own prices, receive royalties from secondary market sales and communicate directly with their fans.

Web3 is seen as the future of the music business.

Nigerian-American rapper MoRuf (34) told Fortune: ” Web3 is credible and a real phenomenon. This allowed us to sustain ourselves through our work and form a community we had never imagined existed.. That is its strength..

The post NFT: This is how some musicians earn in 2 minutes, what they would earn with millions of views! appeared first on The ₿log.

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