AudioSwim on song to help achieve fair pay for UAE artists

DUBAI: Non-fungible tokens (NFTs) – a type of digital asset created to track ownership of a virtual item – have become all the rage with their market capitalization shooting up by 1,785 percent this year alone.

Although much of the conversation has been around art, NFTs are now gaining popularity in the music industry too. In March, the American rock band Kings of Leon released their first NFT album, “When You See Yourself,” generating more than $2 million in NFT sales.