NFTs Made Steve Aoki More Money Than Decades of Streaming Royalties
The most ardent proponents of NFTs have remained firm in their belief that the technology has the potential to spark a paradigm shift in the music industry, in which the silos of power between centralized companies and labels are broken down and transferred back to the artist.
Now, Steve Aoki, one of the Web3 blueprint’s early adopters, has shared some eye-opening comments that shed light on how his bets on NFTs are paying off. During a private Gala Music event, Aoki claimed that he has earned more money from NFTs in the last year than he has earned from streaming royalties over the previous decade, according to Decrypt.
“But if I was to really break down, okay, in the 10 years I’ve been making music…six albums, and you [combine] all those advances, what I did in one drop last year in NFTs, I made more money,”
After being released on Nifty Gateway last year, Aoki’s “Hairy” NFT was a huge success, selling for $888,888.88 at a public auction.
If Aoki hadn’t been able to monetize the live performance aspect of his DJing—which, he claims, accounts for 95 percent of his income—he would have considered taking on a second job to supplement his income.
Listen to Aoki’s full remarks in the video below, which is a recording of the Gala Music event.
-
Katsy Lee — A Melodic Odyssey Fueled by Limitless Passion
In a recent interview with us, Katsy Lee spoke about the challenges and rewards of being a DJ-producer, her guiding principles for aspiring DJs, and her recent experience at Ultra Music Festival.
-
PVNDVMONIUM Makes a Comeback with New Track “Without You”
After a two-year hiatus, bass music artist PVNDVMONIUM returns with a more mature and emotional track “Without You”.
-
Why Your DJ Name Matters More Than You Think
Your DJ name holds the power to shape your brand, captivate audiences, and determine the trajectory of your music career.
-
Innovation and Passion: How Adam Vance Secured Victory in the DMC Philippines
Adam Vance, the masterful turntablist, triumphantly emerged as the undisputed champion of the highly esteemed DMC in the Philippines on June 29, 2023, solidifying his legacy as a true icon in the world of DJing.
-
Manila Bombsquad And Katsy Lee ‘s ‘Amigo’ Exemplifies Rave Culture of the Philippines
“Amigo” by Manila Bombsquad and Katsy Lee serves as a captivating anthem that delves into the essence of friendship and the individual challenges experienced within the rave culture of the Philippines.
Leave a Reply