New Blockchain Platform Merges NFTs and Music Rights

New Blockchain Platform Merges NFTs and Music Rights

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the financial challenges artists face when signing with record labels and the benefits of maintaining independence. It explores the speaker's journey into cryptocurrency and NFTs, highlighting the potential for fans to own music. The Royal platform is introduced as a way for fans to invest in music and earn royalties. The video also considers how distributed ledger technology could benefit other industries like gaming and journalism. Finally, it examines how Clubhouse has fueled interest in NFTs, especially during the pandemic.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do artists face in the traditional music industry regarding revenue?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the benefits for artists who maintain ownership of their music?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the platform 'Royal' aim to change the way fans interact with music?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential applications of the technology discussed could extend beyond music?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways has Clubhouse contributed to the popularity of NFTs?

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