Starbucks is pulling the plug on its NFT rewards program, shutting down its Discord server and transitioning its marketplace.
Music News
Music is a compilation of sounds created to form a pleasurable audible experience. Entities have applied blockchain technology to a growing number of areas, and the music industry is no exception. With the help of blockchain, many processes can be improved, including music streaming, monetization and more. Blockchain technology can replace reliance on middlemen in the music scene in a number of ways, as well as help track ownership of rights. Some projects have built music solutions on Ethereum’s blockchain, although “Ether music” is not an especially befitting title in any sense.
Bitcoin (BTC) and other cryptocurrencies also serve as payment avenues. Using Bitcoin for music purchases can add convenience and versatility to the blockchain music industry and the music sector as a whole, depending on the involved parties.
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The American rapper Ghostface Killah, known for his role in the group Wu-Tang Clan, will launch new music as Bitcoin Ordinals and give holders Creative Commons Zero rights to the music.
6992Existing music NFTs can only represent one song and can’t be updated, limiting artists who want to offer evolving content.
27891The legendary hip hop artist who once rapped on A Tribe Called Quest’s seminal hit “Scenario” is now in the metaverse.
2962In an in-depth interview, Recording Academy advocacy and public policy chief officer Todd Dupler explains how the ELVIS Act could combat the misuse of a person’s voice, image and likeness using AI.
21459Coachella, one of the world’s largest music festivals, revealed a new partnership with OpenSea that will turn NFTs into real-life VIP experiences, exclusive merchandise and digital collectibles.
7506The Tennessee House Banking and Consumer Affairs Subcommittee has passed a bill aimed at safeguarding musicians from AI infringement, with unanimous support.
4786AI-generated deep fakes of explicit images of Taylor Swift went viral on the social media platform X, resulting in searches using the artist’s name being blocked.
10210Polygon Labs and Warner Music Group announced two recipients of their inaugural Web3 Music Accelerator program to further the evolution of the music industry.
6574Speaking with three members of the Megadeth Digital team, Cointelegraph learned how the group, which pioneered the first band website in the mid-90s, is now leading the metal community into Web3.
3423The British immersive entertainment firm Layered Reality is using AI to create a live performance of Elvis Presley from old personal photos and home video clips.
3683The year 2023 will be remembered as the year AI “burst into public consciousness” and rocked the world. Cointelegraph has assembled all the most significant AI-related events of the year.
5290Coinbase-powered blockchain ecosystem Base has partnered with blockchain music platform Sound.xyz to allow artists to mint music on-chain, using its own song as the inaugural track.
15350NFT platform Enjin migrated 200 million NFTs from Ethereum and a sidechain to its blockchain network.
2609The American thrash-metal band Megadeth released a new NFT collection, aiming to connect with its community in both physical and digital reality.
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