Why Crypto Art and NFTs Are the Leading Digital Revolution of Our Era

In the year 2000, the drummer of the band Metallica took legal action against Napster, an innovative peer-to-peer file-sharing service, in what would become one of the most significant legal battles in music history.

Metallica, under the leadership of Ulrich, filed a lawsuit against Napster for copyright infringement after a demo of their new song “I Disappear” was leaked and subsequently shared widely on the platform. Surprisingly, it wasn’t even one of their best tracks! Nonetheless, it sparked the ongoing debate over online piracy that continues today.

At that time, online piracy was relatively new, and many Millennials viewed it positively. There was something almost magical and empowering about being able to download songs, movies, TV shows — virtually everything — at no cost.

It was also somewhat understandable. It could seem a bit amusing to see a multi-millionaire like Ulrich express frustration over being cheated. However, ultimately, he was indeed losing out, wasn’t he?

This was his music, his career, his intellectual property — yet we younger generations believed it was acceptable to take it away from him. Fast forward to today, and we are still grappling with that same issue: how can artists safeguard and monetize their creations in a digital-first landscape?

Enter crypto art and NFTs. They provide artists with something Lars never had: a means to establish ownership, reclaim value, and perhaps — just perhaps — achieve a measure of justice.

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