Most artists rely on a third party to fund, market, and distribute their work. Musicians take advances from record labels. Cryptocurrencies, the blockchain, and NFTs could all reduce artists’ reliance on these middlemen in slightly different ways. Celebrities can raise money with an NFT, sell the work directly to fans, and use the blockchain as their ledger to track payments. that means no third party or studio will be needed.
Although the change is great for the artists' sides, what about the third party? Does cryptocurrency benefit artist on one side and paralyzes the production companies?