Artists now have the option of minting their own digital currency, which fans can buy to support their work or even share in their success.
In the 1990s, rock icon David Bowie decided to commoditize his music, selling asset-backed securities known as Bowie Bonds that gave his fans a share of royalties for 10 years. The bonds were issued by a major institution, which gave Bowie a whopping $55 million upfront so he could buy the publishing rights for his old songs.
It should come as no surprise that David Bowie was ahead of his time, not just in music and fashion, but also in how artists can leverage their work to make money.
Read the complete article originally published in Cointelegraph.
