Hey everyone, look what I found while cleaning out my house - a stash of audio cassettes! It’s amazing how much technology has changed over the years. I remember when these were the go-to medium for music and audio recordings. It’s interesting to think about how much we take for granted now with digital streaming and downloads.
I think it’s worth taking a moment to appreciate the tangible and physical nature of these cassettes. There’s something special about holding a physical copy of your favorite music or recording, rather than just having it stored on a device. Plus, there’s the nostalgia factor - seeing these cassettes again takes me back to a different time and place.
Although Spotify has gained a significant share of the music market, I believe that issues surrounding artist compensation and music ownership still persist. In my view, non-fungible tokens (NFTs) offer a promising solution for these problems. With NFTs, artists can create unique digital assets such as music tracks or albums, which consumers can buy and own. NFTs could allow artists to receive ongoing compensation for their work and ensure verifiable ownership of digital content, potentially helping to reduce piracy and unauthorized distribution. Instead of paying a subscription, consumers could transfer or resell the music they have bought, creating a new model for the music industry that benefits both creators and consumers. The same goes with video game industry.