On this week's show: a half billion dollars for Bob Dylan songbook, managing your money in today's economic environment, the growth of the metaverse, a conversation with SEC Commissioner Carolyn Crenshaw, free savings accounts for first graders, Gucci getting into NFTs, and Jean's Word of the Week.
We all know the mess the world is in, so we're going to change it up this week and we're going to talk about the fact that the world's going digital. That includes the music industry and major retailers. DJ Justin Blau has teamed up with an electronic musician who goes by the name of Diplo. They created a song and sold 20% of the streaming royalties to fans via NFTs. Snoop Dogg sold an NFT attached to his latest album and generated $40 million in sales in five days. DJ Steve Aoki says he's made more money selling NFTs than he did from ten years of selling records. And at Universal and Sony, they paid $500 million to buy Bob Dylan's songbook. And just as I predicted they were going to do: They are now getting ready to sell Bob Dylan NFTs. Spotify is going to add blockchain technology and NFTs to its streaming service to boost artists earnings.
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THE TRUTH ABOUT YOUR FUTURE with Ric Edelman