Web-3 Music Player on Blockchain

Abstract

A digital transformation is being undergone by the music industry, with key drivers of change such as streaming services and blockchain technology emerging. The potential of web3 and blockchain technology to disrupt the traditional music industry business model and create new opportunities for artists and creators is examined in this study. A case study of a web3-based music player and marketplace that allows audio content to be shared and monetized in the form of non-fungible tokens (NFTs) is presented. The potential of NFTs to revolutionize the way music is distributed, consumed, and valued is explored through analysis of the platform’s features and user feedback. The findings suggest that artists can be empowered and given greater control over their creative works, while also providing consumers with a more immersive and personalized listening experience through web3 and blockchain technology. The growing body of research on the intersection of music and blockchain is contributed to by this study, and has implications for the future of the music industry.