A new frontier for collectibles: Preserving music history in NFTs with Legends of Rock
Music memorabilia has entered the digital age as NFTs, giving fans and collectors secure access to rare music history. Talking about nonfungible tokens (NFTs) in the Music industry usually means protecting artists’ copyrights and diversifying their revenue streams, preserving artworks on the blockchain, music ians collaborating with brands and artists, printing event tickets, giving exclusive bonuses to fans in this unique digital format or engaging with a community. So, why not do what the sports industry has done (and quite successfully so) with the NFT memorabilia format? The sports memorabilia market reached $2.6 billion in 2022 and is expected to hit $227.2 billion in 10 years. The collectibles include sports trading cards, video clips of popular moments in the history of sports, autographs, accessories, and many other things that can be in both physical and digital formats. The same can be said for music memorabilia with rare vintage photos that already exist, sometimes only in ...