Long Take: Why Square bought Jay Z's music service Tidal for $300MM, and how the NFT-driven transformation of music royalties and ownership can explain this future

Hi Fintech futurists --

This week, we look at:

• Square acquiring Tidal and its 1-2 million of subscribers for $297 million, and the logic for what a payment processors has in common with the creative industry

• How celebrities and creators like Mark Cuban, Gary Vaynerchuk, Grimes, 3LAU and others are generating millions in NFT sales

• The impact on the economic model of the music industry, including a look at royalty structures, revenue pools, and financial vehicles when tokenized

• The philosophical divide growing between a feudal platformed commons (e.g., YouTube) and a collectivist anarchist capitalism

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