The music industry is changing.
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DAOs could be used to distribute profits more fairly within the music industry.
One of the key advantages of a DAO is its ability to operate at scale.
DAOs could also help reduce costs and increase efficiency in the music industry.
This would free up artists time and resources to focus on creating new music.
Theres no need to pit musicians against music industry professionals.
If implemented correctly, this would allow all parties to benefit from an enhanced information flow and decision-making system.
The music industry needs major changes, and DAOs may be the solution.
This article was originally published onMODA DAO.
you might read ithere.
Story byJoan Westenberg
Joan Westenberg is an award winning Australian contemporary writer, designer and creative director.
She is the founder of branding and advertising firm Studio Self.
