The system is broken, but not irreparably — THE HUSL is the music industry’s solution. THE HUSL is using blockchain technologies to radically reorganize the entire international music economy and prioritize the industry’s key players: the creatives and the fans.
What Is NFT Utility? The $HUSL Tokenomics Explained
The multi-billion-dollar NFT market has created somewhat of a pleasant frenzy in the metaverse. It first transformed the world of digital art with an array of unique, non-mutable collections that, to this day, fetch hundreds of thousands of dollars from anyone who has money to spend, including fiat-based corporations such as VISA and Mastercard. They have also attracted a wave of newcomers to the space which apart from everyday collectors, also include a multitude of celebrities like Jay Z, Eminem, and others.
The Downfall of Brick Mortar in the Music Industry: How the HUSL Raises the Bar for Music Distribution
Remember the days when your favorite musical artist was set to release their latest album? We sure do. People would line up hours in advance outside brick and mortar CD stores just to get their hands on a copy, and they paid handsomely for it. But as time passed and we discovered more use-cases for the internet, it didn’t take long for music stores to see those line ups disappear and sales decline — almost entirely.
How The HUSL Levels up Your Fan Experience and Empowers Creators
Over the last few decades, the music industry has undergone some pretty radical changes that have done little to help up-and-coming artists. The advent of the internet transformed everything about how we consume music, and how creators create it. Digital monopolies have been built and the control has fallen into the hands of streaming platforms, lawyers, and marketing executives, leaving the artists themselves with less than 15% of the total revenue generated.