Web3...

Question

Web3...

BlackTom AI · Accepted Answer

contextualize the topic: Web3 in the music space is often discussed as a set of technologies and ideas that could influence how music is created, distributed, and monetized. Now, let's examine each option in turn.

Option 1: 'will completely take over the music industry' — This overstates the impact of Web3. While there are experiments with tokens, blockchain rights, and NFT-based experiences, the claim that it will completely take over ignores practical, regulatory, and adoption hurdles, and does not align with the diverse ecosystem of music distribution that includes streaming platforms, live venues, and traditional rights management. It is an exaggerated absolute statement.

Option 2: 'is the final destination for live music' — This implies Web3 is the ultimate endpoint for live music experiences. In reality, Web3 is one set of tools and ideas that might influence certain aspects (like ownership, ticketing, or fan engagement), but it is not universally positioned as the final destination for all live music experiences. The live music ecosystem remains complex and predicated on existing venues, production, and distribution channels beyond Web3 concepts.

Option 3: 'has no place in the music industry' — This dismisses the ongoing experimentation with Web3 across some artists and projects. While not all applications succeed or scale, there are real use cases (e.g., blockchain-based royalties, fan tokens, NFT-based releases) that indicate there is at least a foothold in the industry. Declaring it has no place ignores these developments and the broader interest from creators and fans.

Option 4: 'has led to some changes in the way artists get paid' — This statement recognizes a plausible outcome: Web3 initiatives (such as tokenized distributions, smart contracts for royalties, and alternative monetization models) have influenced discussions and, in some cases, actual payment flows for certain artists. It reflects observed experimentation and partial adoption, without claiming universal or total transformation.

summary of the contrasts: Options 1–3 exaggerate, deny, or dismiss Web3’s role, respectively, whereas option 4 acknowledges a concrete and measurable impact that has begun to alter compensation models for some artists. The reasoning here is that the most accurate claim among the four is that Web3 has led to some changes in how artists are paid, rather than the more sweeping or implausible positions presented in the other options.

MUSI20206_2025_SM1_STH_1 Quiz 10 (Due Week 11)

Web3...

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