January 16, 2023, 11:09AM EST
• 7 min read

Current Trends in Web3 Music

Quick Take

  • A range of NFT protocols aiming to revolutionize the music industry have picked up pace throughout last year.
  • Sound seems to have hit a tipping point in its user growth, as the number of monthly active wallets has shot up by 184.4% MoM in December.
  • Catalog has lost ground to Sound, while Royal has doubled down on its vision to democratize access to music rights as an asset class.

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