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Published 1 year ago

Web3 and Metaverse are Overcomplicating the Music Industry

Summary by Hacker Noon

I reckon web3 is overcomplicating solutions in the entertainment industry by trying to shoehorn crypto and NFTs into everything and I don’t think it’s necessary. Luminate, the analytics company behind famous Billboard charts, reported that listeners in the US have racked up over 1 trillion streams so far in 2022. Harry Styles apparently was the most streamed performer, hitting over half a billion — which is 5x higher than Tencent’s most listen…

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Web3 and Metaverse are Overcomplicating the Music Industry

I reckon web3 is overcomplicating solutions in the entertainment industry by trying to shoehorn crypto and NFTs into everything and I don’t think it’s necessary. Luminate, the analytics company behind famous Billboard charts, reported that listeners in the US have racked up over 1 trillion streams so far in 2022. Harry Styles apparently was the most streamed performer, hitting over half a billion — which is 5x higher than Tencent’s most listen…

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