How Blockchain Is About To Change The Music Industry

How Blockchain Is About To Change The Music Industry

 

We hear music every day, we dance to it and sing along with it. Music moves us and even defines our mood and the ambiance of the space around us. But do we know how it is made? Writing music was indeed literally writing music notes on a manuscript, but this practice is now long outdated with modern technological advancements which have made musical endeavors accessible to more people. Today, all you need is a laptop and the relevant software.

The shift in music-making from analogue to digital has changed the music scene significantly in a permanent manner. With increased accessibility to music-making thanks to the digitalization of music production, competition is fierce with more players in the market due to the lower threshold. Thousands of songs are released daily with more and more musicians seeking to make it big in the pop scene. In this competitive environment, a trend has emerged in the music industry for survival and a greater chance at success: collaboration, with not just one, but up to a dozen artists. Music Players Ktunes Hit songs such as “Despacito” by Fonsi, “thank u, next” by Ariana Grande and “Boy With Luv” by BTS were written by at least five to almost a dozen writers at most. These writers each specialize in a certain part of music-making – creating the track, writing the lyrics, adding the top line or melody, and engineering. The fierce competition has led to this division for specialization in the music production market, […]