Music licensing in the metaverse is undeveloped compared to Web2 social media platforms.
The metaverse is currently all about experimentation, and while there are some complications around licensing music in the space, it has great potential.
Music licensing in the metaverse requires a licensing standard that includes the metaverse as a distribution channel.
- Enforcing intellectual property rights in the metaverse is complicated and requires a new approach to licensing, as the metaverse is likely to be global and cross-jurisdictional.
- A new approach to licensing music in the metaverse is being developed using blockchain technology, which could simplify the process and provide proof of ownership in legal disputes.
- The current licensing system may need to be revamped to keep up with the changing ways music is created and consumed in the metaverse.
Music licensing in the metaverse is complicated because of nonfungible tokens (NFTs).
