The Benefits of Non-Fungible Token (NFT) Technology in Music Copyright

The emergence of Non-Fungible Tokens (NFTs) has presented a novel opportunity to address long-standing challenges in the realm of music copyright. This research paper explores the current iterations of NFTs as a potential solution for music copyright in the digital age. By leveraging blockchain technology, NFTs offer a unique and secure method for establishing ownership, verifying authenticity, and enabling direct artist compensation. This study examines the application of NFTs in the music industry, highlighting their potential impact on copyright management, royalty distribution, fan engagement, and licensing processes. Furthermore, the paper discusses the implications and limitations of adopting NFTs as a copyright solution and addresses potential legal and regulatory considerations. By shedding light on the intersection of NFTs and music copyright, this research aims to contribute to the ongoing discourse surrounding the transformative potential of blockchain technology in the music industry and its implications for creators, copyright holders, and music enthusiasts alike.