Like Kings: Why Indonesian Musicians Turn to NFTs to Sell Music – Science & Tech

Although still in its infancy, NFT music has captured the attention of Indonesian artists and collectors, making them believers in the system. In recent years, non-fungible tokens (NFTs), a digital asset stored on a blockchain, have gained popularity among art collectors and artists. But it was in 2021 that NFTs really started to gain prominence, thanks to a number of mind-boggling and high-value deals, the highest to date: In March, digital artist Beeple sold an NFT of one of his works. for $ 69 million. Musicians have also followed suit, with American rock band Kings of Leon and electronic musician Steve Aoki becoming among the early users who have made millions of dollars selling their music as NFT. Are these types of numbers durable? Maybe not. These artists were already popular internationally …