Music events are one of the most profitable businesses in the music industry. Many business models are centred around music, as the demand over the past decades has never diminished. Music industry live shows appear to run smoothly but many complications prevail on the backend. But the introduction of blockchain in the music industry promises to rejig the industry and the way it functions.

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The overview of the Defi industry

Banking and financial services are not yet accessible by people in many countries around the globe. On the other hand, the total number of people using mobile phones today has grown manifold. Today, over 5 billion people globally own as well as use mobile phones, and this network of users has zero access to the global financial ecosystem. As per the latest World Bank Global report, 1.7 billion adults around the globe do not have any access to financial services. This prompts people to search for alternative ways, and this is where cryptocurrencies come into the picture.

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Even though the sex industry is a billion-dollar industry, it has still been sidelined with many controversies. Ironically, the sex industry plays a huge influential role, especially in the US economy, and yet it is one of the most forgotten industries. The consumption of sex in terms of products and services continues to be on the rise. According to Allied Market Research, the sex industry generated up to $200 billion in 2020. The number is set to rise in 2021.

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