![]() ![]() Vendetta invests in, leads, and helps projects to accelerate developing novel solutions to address the core issues of scalability, privacy, and interoperability for decentralized protocols and applications. ![]() Rather than seeing The HUSL project as just a music-NFT project, we, as Vendetta Capital, think that the artists who will participate in the project and the hundreds of millions of fans can contribute to the entry of the crypto ecosystem. The HUSL achieves all this while being a user-friendly, easy-to-use, and uncomplicated platform unlike many decentralized DeFi apps. Also, artists can offer NFTs and various other possibilities that can be a special keepsake for their fans. With the decentralized The HUSL platform, artists can match their music or albums to a limited number of #NFTs, and only fans who buy early can get these NFTs. According to the report, musicians receive only 12% of the total $43b revenue generated by the music industry.Īnother problem created by the management challenge brought on by the multitude of intermediaries is that there is no standard for the permission/royalty/fee required for a song to be used in a series shot in another part of the world.Īt this point, The HUSL aims to create solutions to the problems experienced by the industry. ![]() The musician receive only 12% of generated revenueĪ report by Citi Group highlights the extent of this great gap created by intermediaries. We cannot say that music applications such as Spotify, Apple Music, Fizy have significantly reduced the number of agents. The biggest of the glaring problems is that there are too many intermediaries (people or companies) between the artists and their audience/fans. However, the #NFT ecosystem offers unique solutions to many problems experienced by the current music industry. If we do not consider the limited number of other projects, we cannot talk much about the adaptation of the music industry to the NFT ecosystem. There is a very important deficiency among the existing NFT ecosystem projects. The Big Gap Between Artist s and Their Fans ![]()
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