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Saxo Bank's 'Outrageous Prediction' on NFT-Based Platforms Disrupting Spotify
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Denmark’s Saxo Bank has released a set of 10 “outrageous predictions” for next year, among others forecasting that digital rights platforms based on non fungible tokens (NFTs) have the potential to disrupt Spotify’s robust position in the global music distribution industry.
The bank explains in a statement that its predictions focus on various unlikely but underappreciated events which, should they occur, could send shockwaves across the world’s financial markets.
“Musicians are ready for change as the current music streaming paradigm means that labels and streaming platforms capture 75-95 percent of revenue paid for listening to streamed music. In 2022, new blockchain-based technology will help them grab back their fair share of industry
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