Music Ally Focus #18: NFTs + music - getting beyond the hype; what music can learn from sports; membership + tip economy for artists

Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. Joe 'n' Stu talk about understanding what NFTs *really* mean for the music industry and how they should be part of long-term thinking; what the music industry can learn from sports marketing; and how artists are making more money from memberships on livestreaming platforms than they are from touring. It's a recap of a few of the most impactful things they learned from Music Ally's Sandbox Summit Global conference, which happened in late May 2021. Here are the links mentioned in the show: The world's fastest motorised toilet: guinnessworldrecords.com/world-records/fastest-toilet What can the music industry learn from sports and other sectors? musically.com/2021/05/26/what-can-the-music-industry-learn-from-sports-and-other-sectors NFTs and music: ‘Proof of fandom, status, utility and engagement’ musically.com/2021/05/27/nfts-and-music-proof-of-fandom-status-utility-and-engagement How can memberships and tips economies work for musicians?: musically.com/2021/05/28/how-can-memberships-and-tips-economies-work-for-musicians Ⓜ️ Subscribe to Music Ally's industry-standard analysis, reporting and news: musically.com/subscribe 👋 Sign up for Music Ally’s free weekly newsletter, The Knowledge – an at-a-glance overview of the whirling, weird maelstrom that is the modern music industry: musically.lnk.to/knowledgepo Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb