Nischal Shetty made a <a href="https://twitter.com/NischalShetty/status/1531249269977776128?t=Ijwf_h7qKb1QJyBwCBSUsg&amp;s=19">tweet</a> earlier today. He said that there is a distinct lack of regulatory certainty in the music NFT industry. As a result, creators have less security over their space's ownership rights.

https://twitter.com/NischalShetty/status/1531249269977776128?t=Ijwf_h7qKb1QJyBwCBSUsg&amp;s=19
<h3>Rise in Awareness and Education for the Music NFT Space</h3>
The previous decade has been active in adopting and deploying blockchain-based technology globally. A new digital collectibles ecosystem emerged after the growth and widespread crypto uses. The advantages of decentralization have spread to the creative industries.

The music industry is currently undergoing a period of regular and dynamic innovation. It has many communities forming around mutual faith in these revolutionary technologies. It has a common understanding of a future. One in which an artist, fans, and collectors are merging into one.

Also, it's very exciting that the music industry is supporting digital art. It shows based on the number of music NFT and digital collectibles sold. It's way ahead when building communities around the innovations in question.

The problem is currently constructing web3. It leads to ideological conflicts, particularly about legacy music industry systems. The conflict led to unparalleled innovation and ideas. It makes the music NFT sector a fascinating market to track.
<h3>Ownership Rights Restructuring</h3>
They've brought the idea to add an artist's royalty rights to a digital collectible's value. In the music metaverse, the idea that began with platforms now leads to community building. Different firms and projects focus on adding financial links between creators and fans.

They've listed several of these music <a href="https://www.cryptoknowmics.com/news/nfts-based-on-late-qing-dynasty-painter-wu-changshuo-are-sold-out">NFTs</a> on OpenSea to add to the argument. But, the idea is incredibly original. It offers new opportunities for musicians and listeners to communicate. It also introduces a new set of issues that people have never seen.

These issues exist because they're witnessing a sort of new ownership. One that involves a whole new set of obstacles. Particularly property rights and the way people reflect them in modern contractualization. A crucial difference is between genuine copyright ownership and digital blockchain property. Instead, typical transfers or allocations of music revenue rights.

The Music NFT Space Lacks Regulatory Clarity: Nischal Shetty

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The Music NFT Space Lacks Regulatory Clarity: Nischal Shetty

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