“Web3, NFTs, AI And The Metaverse,” hosted by DIGITAL MUSIC NEWS’ CRO, NOAH ITMAN, on MONDAY (3/13) was an introduction to the newest technical tendencies being embraced within the music enterprise, in addition to the creativity, alternatives and ethics (when it comes to copyright legal guidelines) concerned in music creation from synthetic intelligence. The session was held on the primary day of COUNTRY RADIO SEMINAR on the OMNI NASHVILLE HOTEL.
The panel featured PEX VP CHRIS McMURTRY, VNUE Pres./CEO ZACK BAIR, SONGVEST Founder/CEO SEAN PEACE and iHEARTMEDIA EVP/Chief Artistic Officer RAHUL SABNIS, and provided an inside look into the next-gen platforms. The session started with descriptions of Web3, the Metaverse and NFTs, and the way they’re every used. Additionally mentioned was how artists can use them to create advertising campaigns and loyalty engagement amongst followers, as an example, providing an NFT hooked up to one thing bodily, like a live performance ticket, which incentivizes laborious core followers to not solely make investments, however to additionally assist market the artist and the bodily object.
SABNIS defined how and why having CHARLIE PUTH do a live performance for the digital iHEARTLAND was such a profit for each the artist and the corporate. Utilizing the Metaverse for the digital live performance allowed PUTH to play a present for nearly triple the capability of a daily venue the dimensions of MADISON SQUARE GARDEN.
The panel was basically a Web3, NFT, AI and Metaverse tutorial for “dummies,” opening the eyes of attendees to how these instruments could be are useful to artists, radio firms and types. It turned obvious in the course of the session that, as a result of the expertise is so new, possession and authorized points are nonetheless unresolved, however that is a circumstance that won’t delay the continued development of those instruments.