RE: The Vision of NFTs in the Music Industry
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Thanks for all the help and going into it all with NFTs.
The other thing I would like to ask about is what happens if the blockchain you are using to mint the NFT on gets corrupted, shut down, stops working, hacked or something else that causes you to lose the proof of licence/copyright etc?
Obviously a bit of a black Swan but are there fail safes with blocktunes like using other chains (I know you mentioned BSC before)
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If that ever happens then you have way worse things to worry about than just your music copyright, lol. Our collections are build on BSC which I don’t feel is going anywhere anytime soon and has a ton of value going in it. If it’s managed to stay in the top 5 this long, I feel it’s pretty safe. But if you are worried about that, back yourself up with the old school poor man’s copyright.
What can I say, I like to cover all bases and worse case scenarios lol 😁
You’ll live a happier life if you think more positive, lol. Like I said, if that happens, way worse things to worry about. But in all reality we would try to move to a different chain but you would have to remint your copyright, no big deal.
Lol! I'm working on it mate 😁
BSC is built using the Cosmos SDK and I also think it's not going anywhere that soon. So excited about this project.
Thanks! We are excited to see it grow!
I don't think memory would be erased from the blockchain. It's like the best thing to happen and the worst thing to screw up on