The music industry continues its tradition of innovation as a testing ground for Web3 technologies. From blockchain-based royalties to NFTs, startups are trying to redefine the interaction between artists and fans. However, the magic of live music remains a constant. Web3 music platforms like SongBits see live events as a critical part of their growth strategy. Web3 envisions a hybrid future of traditional and innovative models while ensuring transparency and fan engagement. How do you think Web3 will shape the music industry? Share in the comments.