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Music has been a very integral part of everyone’s life. An interesting study reveals that if we like a song, on an average we listen to a happy song 172 times and 800+ times if it is a sad song.
The annual plan for Youtube premium costs $107.99 and that for Spotify premium is $119.88 in the US. Having spent thousands of dollars and hours being a part of the music economy when we sat down to discuss our thesis on music NFTs, we decided to analyze a scenario- “What if we had purchased NFTs for the top 10 songs on her playlist? Apart from the other perks we could have possibly received(in-person meets, live-concerts,etc.,), we were more curious to calculate our earnings if these artists would have introduced royalty sharing as a part of the NFT.
For this case study, we took the following data & assumptions-
Stream count from Youtube and Spotify on 30th July,2022
Artist’s revenue/stream for
Youtube - $0.00164
Spotify - $0.00330
Royalty sharing tier(Based on NFTs’ category/price) as % of total revenue from streams
T1 - 0.008%
T2 - 0.04%
T3 - 0.4%
Music has been a very integral part of everyone’s life. An interesting study reveals that if we like a song, on an average we listen to a happy song 172 times and 800+ times if it is a sad song.
The annual plan for Youtube premium costs $107.99 and that for Spotify premium is $119.88 in the US. Having spent thousands of dollars and hours being a part of the music economy when we sat down to discuss our thesis on music NFTs, we decided to analyze a scenario- “What if we had purchased NFTs for the top 10 songs on her playlist? Apart from the other perks we could have possibly received(in-person meets, live-concerts,etc.,), we were more curious to calculate our earnings if these artists would have introduced royalty sharing as a part of the NFT.
For this case study, we took the following data & assumptions-
Stream count from Youtube and Spotify on 30th July,2022
Artist’s revenue/stream for
Youtube - $0.00164
Spotify - $0.00330
Royalty sharing tier(Based on NFTs’ category/price) as % of total revenue from streams
T1 - 0.008%
T2 - 0.04%
T3 - 0.4%
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