What will the future of royalties look like in the digital age?

What will the future of royalties look like in the digital age?

The future of royalties in the digital age is likely to be more transparent and equitable, thanks to blockchain technology.

How will blockchain change the way royalties are distributed?

Blockchain can automate royalty payments, ensuring artists receive their fair share instantly and reducing administrative costs.

What challenges might arise with this new system?

Challenges include the need for widespread adoption, potential regulatory hurdles, and ensuring all stakeholders are fairly represented.

Are there any current examples of this technology in use?

Yes, platforms like Audius and Ujo Music are already using blockchain to manage music royalties and empower artists.

What can artists do to prepare for these changes?

Artists should educate themselves about blockchain, consider using decentralized platforms, and engage with their fanbase directly.