Dave Stewart: Live events are key to Web3 music loyalty
Summary
The music industry is embracing Web3 technologies, including blockchain and NFTs, to enhance artist-fan connections and optimize platforms. Live events are crucial for Web3 music platforms like SongBits, serving as a key growth strategy and fostering authentic engagement. SongBits plans a Christmas charity event in London, with all sales and donations benefiting charity, ensuring transparency in fund handling. This model allows fans to engage uniquely, such as through fractional ownership of music. Dave Stewart envisions a hybrid future for the music industry, where traditional practices coexist with innovative Web3 solutions, addressing challenges like transparency and fair compensation while enhancing fan engagement.
