The real-life Wolf of Wall Street Jordan Belfort has vowed that he is “not leaving” NFTs, The Economist raised $422,000 for charity via NFT auction, and the WWE is dropping NFTs.
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The music industry’s business model has always been broken. For over 100 years artists have been paid a fraction of the earnings their music makes. Take Enrico Caruso, an Italian opera singer from the early 1900’s, credited with being one of the very first recorded artists. Over his lifetime he made over 488 recordings, almost exclusively for Victor, a record label now known as RCA and owned by Sony Music. While it is said that this made Caruso extremely rich, netting him nearly $2 million, his label scooped nearly twice that and is still making money from his recordings today.
The post PR: Musicians Have Always Been Ripped off – Qravity Wants to Fix It appeared first on Bitcoin News.
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