NFTs are revolutionizing the business models for music and film IPs by enabling direct artist-to-fan sales, cutting out middlemen, and ensuring royalties through smart contracts. They allow creators to tokenize assets like songs, albums, or film rights, offering fans unique ownership or access. This fosters new revenue streams, such as limited-edition digital collectibles or exclusive content. NFTs also enhance fan engagement through decentralized platforms, giving artists more control and transparency. However, high minting costs and environmental concerns remain challenges.

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NFTs are revolutionizing the business models for music and film IPs by enabling direct artist-to-fan sales, cutting out middlemen, and ensuring royalties through smart contracts. They allow creators to tokenize assets like songs, albums, or film rights, offering fans unique ownership or access. This fosters new revenue streams, such as limited-edition digital collectibles or exclusive content. NFTs also enhance fan engagement through decentralized platforms, giving artists more control and transparency. However, high minting costs and environmental concerns remain challenges.

Related website: https://opensea.io