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ARTICLE · 29 NOVEMBER 2021

Market Intelligence Thought Leadership Award Winner

The Future Is Here: NFTs & Music Merchandising In The Digital Arena

With AUS Music T-Shirt Day just around the corner, there couldn't be a better time to look back on memories of lining up at the merchandise stand after a concert...

AustraliaTechnology

With AUS Music T-Shirt Day just around the corner, there couldn't be a better time to look back on memories of lining up at the merchandise stand after a concert, and look forward to the future of what music merchandise may hold in the digital arena.

Limited movement during the global pandemic has meant artists and fans alike have embraced the digital economy as a means of maintaining connection. This has perhaps been seen most acutely in the recent frenzy of creation and sales of non-fungible tokens (NFTs). NFTs have been released in relation to a variety of assets, including traditional music merchandise such as t-shirts, posters and even collectible ticket stubs, as well as rarer assets such as Kings of Leon's live recording of their recent single 'Time in Disguise' that was played in space by a crew member of Inspiration4,1 a recontextualised version of Jay Z's 'Reasonable Doubt' album cover,2 and collectibles and experiences celebrating the GRAMMY Awards.3 The

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