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Is the music industry’s future on the blockchain?

At first, it seemed that file-sharing services like Napster might kill off the major record labels altogether. Some of my favorite music of the past couple decades involves remixes that are at best tolerated by music labels. But those were the exceptions: for the most part, record labels have never embraced this kind of remixing. You reinvent the music “collection.” Blau pointed out to me that music collections were once a source of pride for lots of people. Royal’s model encourages music fans to think of themselves more like art collectors, Blau said.

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