Others are trying to make a quick buck as cryptocurrency prices surge. Some NFT buyers are collectors and fans who show off what they have bought on social media or screens around their homes. The nascent market for these items reflects a notable, technologically savvy move by creators of digital content to connect financially with their audience and eliminate middlemen. Listen to some of the best new recordings here. Classical Music: 2021 was a year of reawakening for the art form.Jazz Albums: Even the big-statement albums this year had a feeling of intense closeness.Pop Albums: Recordings with big feelings and room for catharsis made the most powerful connections.Best Songs: A posthumous political statement and a superstar’s 10-minute redo are among the 66 best tracks of 2021.
But digital media has not had the same value because it can be easily copied, shared and stolen.įrom Lil Nas X to Mozart to Esperanza Spalding here is what we loved listening to this year. People have long attached emotional and aesthetic value to physical goods, like fine art or baseball cards, and have been willing to pay a lot of money for them. This month, the actress Lindsay Lohan sold an image of her face for over $17,000 and, in a nod to cryptocurrencies like Bitcoin, declared, “I believe in a world which is financially decentralized.” It was quickly resold for $57,000. Other digital tokens recently sold include a clip of LeBron James blocking a shot in a Lakers basketball game that went for $100,000 in January and a Twitter post by Mark Cuban, the investor and Dallas Mavericks owner, that went for $952. They’re buying bragging rights and the knowledge that their copy is the “authentic” one. The sale was a new high point in a fast-growing market for ownership rights to digital art, ephemera and media called NFTs, or “ nonfungible tokens.” The buyers are usually not acquiring copyrights, trademarks or even the sole ownership of whatever it is they purchase.
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