If anything, 2021 has been the year of the NFT and to be frank the demand has rocketed and according to current market analytics. The market capitalisation of most NFT Project’s has risen by some 1,785%.
The sector has boomed and as each week goes by it seems more and more prominent public figures in the world of the Arts and Music have sought to become involved such as Snoop Dogg, Tony Hawk, Lyndsay Lohan, Grimes, Lewis Capaldi, Kings of Leon and the likes of deadmau5 and 3lau both of which have seen very successful product and NFT launches.
Though the market for Art in its convectional NFT form may be petering out, the almost inexorable march of the NFT continues in allied industries such as Music.
“Though the world of Crypto may be seen to be suffering from a slow downturn in other words a bear market correction, the opportunities the worlds of what is now referred to as “Decentralised Finance” offer to the monetisation of Music and the world of Copyright is truly amazing” Don Malter went on to say.
With Bitcoin off its recent highs by some 15% the Crypto world is correcting itself at the moment but this should be viewed as partial correction. Any fears the world may have regarding the affect the world of Crypto may be having regarding Climatic Issues is now being redressed by newer “greener” initiatives.
Donald Malter over the past 35 years has worked for, Elektra Records (Warners), Zomba Music (SONY), Verve (Universal Music Group), BMG Chrysalis (BMG Music) as well as numerous other clients. He is an “in demand” Consultant specialising in introducing Private Equity Investment into Entertainment Projects.
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