For Some in the Record Label Space, Web3 and NFTs are Bringing Panic
There was a time when web3 creators felt confident enough to take Spotify head-on, possibly. Although such grand ambitions deserve recognition and applause, these projects and initiatives were never likely to stand the test of time. But there is a quiet revolution going on in the music industry, and it involves NFTs. As luck would have it, the record label space is embracing NFTs significantly and leading the charge on real-world use cases for these digital assets. Some emerg