NFTs In Music Industry: Potentiality and Challenge

Abstract

Music composers’ natural engagement is through publishers, serving as administrators of a composition. Their services usually include managing writers’ catalogues, placing and promoting the composition, etc. (Kretschmer et al.1999). Usually, royalty distribution schemes are regulated so that the income is split between the author and the publisher, whose role consists of helping artists to develop their market and achieve a stable reputation (Bennett 2008).