After spending more than half a billion dollars buying the copyrights to Bob Dylan’s songbook, Universal and Sony are now working with the musician to sell Bob Dylan NFTs. Spotify has been drawing up plans to add blockchain technology and non-fungible tokens to its streaming service, the FT reported earlier this month. “There’s been a lot of waxing and waning of irrational exuberance around this space”, said Jonathan Dworkin, senior vice-president of digital strategy at Universal. “As the smoke now starts to clear, there’s some really interesting opportunities . . . there’s a real revenue opportunity” he said, pointing to the ways tokens can directly connect fans with artists.

https://www.ft.com/content/de3de04f-2675-4d17-bcc9-20bec74bf567?accessToken=zwAAAX_mxZSkkdPePeBPJnVNF9O8ySC-x0v1Zw.MEUCIQDeRJaVoxoV8Wc0l4eKZ4Ux0Mk962gw9qD2PPcgwyWFlgIgFeJqLGiz9PS4d_iEkS5yjEgr3XoCl6XLOH0-08ZALBE&sharetype=gift%3ftoken%3d54d67a70-f727-49f5-8e95-39d48c23da63