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%