NFT Application for Music Industry using Blockchain Smart contracts

Abstract

The vast possibilities of the internet age bring an attraction for artists. As a matter of fact, reports of artist revenue have lowered the potential of music platforms. Streams that are difficult to comprehend, cultural structures inside lack reliable data, inadequate for the digital era, aspects of the music business and a drop in the majority of artists' wages. In this paper, A Non-Fungible Tokens (NFT) in Music Industry using Blockchain Technology are proposed to protect the music copyrights and get revenue rights from untrusted holders. In this model, the Musicians may effortlessly approve and maintain their music rights on a public ledger with the help of the blockchain with no middlemen or any other intermediate business companies.