Saxo Bank predicts that the NFT music platform will impact Spotify in 2022.

On December 3, Saxo Bank predicted that new technologies like NFTs would help bring artists together, as popular music services like Spotify slash most tech revenue. Music producers benefit from NFT-based streaming media platforms that enable music distribution directly to the listener and without interruption in the medium. Mads Eberhardt, chief financial officer of Saxo Bank, pointed out that NFT-based music streaming projects, including projects such as the blockchain music platform Audius, are expected to begin their journey through 2022. In contrast, the future of platforms Existing streaming media like Spotify is 'globy'. The company expects Spotify products to fall 33% in 2022. SPOT has already started to decline in 2021. As of this year, Spotify's share price fell to around US $ 204 in August, according to data from TradingView, and the SPOT price was US $ 229 at time of press. (Co-manager)