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Artists Use Crypto to Take the ‘Industry’ Out of Music Industry

Artists are looking to blockchain technology to connect more directly with fans — and to bolster their earnings.

Alex Pall and Andrew Taggart of the Chainsmokers. — Alex Pall and Andrew Taggart of the Chainsmokers.
Photographer: Bryan Bedder/Getty Images

By

Victoria Vergolina

July 28, 2022, 9:00 AM UTC

From

Earlier this year, pop music duo The Chainsmokers released 5,000 nonfungible tokens for free. These NFTs gave fans a 1% cut of the streaming royalties from their latest album, as well as priority access to concert tickets and free merchandise. The Chainsmokers aren’t the first musicians to experiment with crypto, NFTs or blockchain, and they’re unlikely to be the last.

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