Live events are key to Web3 music loyalty

The music industry has long been a fertile ground for innovation, implementing new technologies not only to create music but also to transform the way listeners engage with it.

In recent years, the industry’s legacy of innovation has continued, but as a testing ground for Web3 technologies. From blockchain-based royalties to non-fungible tokens (NFTs), startups have raced to redefine how fans connect with artists they love and how artists maximize their platforms.

This is not a fading trope either — Web3 tools being integrated into the music-making and sharing process is still a bright future for many budding artists.

Yet, as digital ecosystems evolve, one timeless truth remains: the magic of live music.

According to Dave Stewart, a musician known for his role in the duo The Eurythmics and co-founder of SongBits, live events could be the…