Just in the past few weeks we’ve came to witness numerous headline-making Web3 music moves, such as the sell-out omgkirby x Channel Tres generative Music NFT collection that was ‘spotlighted’ on OpenSea, as well multimedia NFT platform Hume raising $11.7 million in a Series A funding round. According to market research platform Market Decipher, the industry is forecast to reach a valuation of $4.24 billion by 2032.
Source: The Web3 Music Boom