NFTs next hit may be music industry, former manager for Elton John, Beyonce says

NFTs next hit may be music industry, former manager for Elton John, Beyonce says

NFTs next hit may be music industry, former manager for Elton John, Beyonce says

Information about NFTs next hit may be music industry, former manager for Elton John, Beyonce says

Kevin David Scam or Legit


By Dawn Chmielewski
(Reuters) – As a former music manager who once counted Elton John, Beyonce and Guns N’ Roses as clients, Merck Mercuriadis has an eye for talent and a knack for identifying trends.
As streaming services such as Spotify and Apple Music gained mainstream popularity, Mercuriadis formed the Hipgnosis Songs Fund to acquire music rights. The fund, which went public in 2018, has invested $2.5 billion acquiring the publishing rights to 64,000 compositions from such hitmakers as Timbaland, Fleetwood Mac’s Lindsey Buckingham, The Pretenders’ Chrissie Hynde, Rick James and Neil Young.
Now he is looking at another emerging technology for music: non-fungible tokens, one-of-a-kind digital assets – frequently artwork, photos, videos or digital files – that are traded on the blockchain. Mercuriadis said the blockchain, which keeps a ledger of transactions across a network of computers, can bring a new …

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