this post was submitted on 09 Aug 2023
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chapotraphouse
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Gonna type up some lyrics for a new song called "I Saw Elon Musk's Penis Multiple Times"
Also, I kinda doubt the claim of this article. The source is her, and IDK if she's referring purely to record sales, or what, but I suspect all the money she's made accumulated over her entire music career, for anything related to her music at all (live performances, merch sales, royalties) is more than what she's made off NFTs.
She might not get great cuts from her career music at the end of the day. Most artists - even big artists - only really get paid through performing (+ merch at performances), and performing is hard work that must be done in real-time. And the larger the team involved the less the performer gets paid.
NFTs would typically involve some minor profit distribution, but they can be purchased 100x a second for 24 hours a day without the performer lifting a finger. Unlike CDs, they can be set up so that she gets a % of each resale, too. I'm not advocating NFTs I'm just saying it's the reality.
It's not all that rare for a successful artist to make their first million or two from art, and then leverage that success to the point that the art becomes a relatively minor revenue stream. Either through financing or using their likeness to launch a business that they make a much higher share of the profit from.
Using your brand to profit from an NFT business would be a prime example of the latter. And hot NFTs have insane liquidity. I assume algorithms are the main reason why.
Yeah there's indie rappers like Immortal Technique and Lupe Fiasco and others who will rap about how fucked up the recording industry is.
Same with pop. Look at Britney.