Music Ally Focus #8: Music NFTs fever heats up with 3lau and Kings of Leon - so what's next for NFTs and music?

Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. We're in a moment of intense hype around non-fungible tokens of all kinds, music included. Grimes sold $5.8m of her NFTs in 20 minutes last week, while Mike Shinoda recently made tens of thousands of dollars from a single NFT, including a new song. Now artist 3lau (aka Justin Blau) has set his own record: $11.6m of NFT sales. Joe and Stu discuss if this is another crypto bubble, and what the actual good uses of NFTs might be for artists. 👋 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. Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb