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Web3 Music & Digital Wallets:
A Simple Guide for Street Musicians, and Live Performers
What is Web3 music?
Imagine a new way of experiencing and enjoying music, where musicians have more control, and fans have direct access to artists. Web3 music is based on blockchain technology, which helps create a decentralized and fair music ecosystem.
Why is Web3 music good for musicians and fans?
With Web3 music, musicians can connect directly with their audience and earn money more easily. Fans can enjoy unique digital collectibles, like concert tickets and special content, that can be bought, sold, or traded.
What is a digital wallet, and why do you need one?
A digital wallet is like a digital storage account that helps you manage your digital collectibles, like virtual concert tickets or special music. With a digital wallet, you can easily interact with Web3 music and participate in fun music experiences.
What's the difference between custodial and non-custodial wallets?
Custodial wallets are managed by a third-party service, which means they help you store your digital collectibles safely. Non-custodial wallets let you manage your own digital assets. If you're new to Web3, a custodial wallet might be a good option for you.
What are digital collectibles, and what is a blockchain?
Digital collectibles are unique digital items, like art, music, or videos, that are verified on a blockchain. A blockchain is a digital ledger that keeps track of all transactions in a secure and transparent way. Digital collectibles can help musicians make money and connect with their fans in new ways.
Web3 music, digital wallets, and digital collectibles are exciting developments for musicians and fans alike.
By embracing these new technologies, the music industry can become more inclusive and offer exciting new opportunities for street and subway musicians.
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The Power of Web3 for Artists: Unleashing New Possibilities
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