Thoughts on what will music and entertainment NFTs will look like in the future?

I saw this article from Yahoo Finance and I'm curious about how NFTs will affect the music, entertainment, and art industry, particularly how they will enable more independent musicians to make a living from their talent.

Despite the move to a streaming system, NFTs have the potential to streamline royalties distribution, IP asset trading, and, ideally, assist to redress the balance for indie and underrated artists who are now being shortchanged.

For visual arts, it has long been the most popular form of expression in NFTs, but that is changing, and this might be exciting news and an excellent illustration of what is possible. They can be utilized in a variety of various situations and are really beneficial. Consider collection card games, in which the ownership of a card is confirmed by the ownership of NFTs or venue access tickets.

Our current sense of ownership is built on tangible objects that you can produce one, two, or ten thousand of. Someone purchases the item, then takes it home and stows it away in their personal space.

As a result, NFTs can't be about limiting the number of individuals who can enjoy a piece of art.

In the past, ownership of digital assets for personal consumption hasn't worked which is why piracy has become a problem and streaming services have exploded in popularity.

This is something that artists might do right away on their sites. Streaming providers should display this information alongside album art, credits, and about me's, just as they do with album art, credits, and their about me's.

What are your thoughts on this so far? What are the drawbacks and benefits of this application? Are there other ways may musicians use NFT technology to increase the profitability of their music?