Definition ∞ A Music Catalog refers to a collection of musical works, including sound recordings and their underlying compositions, along with associated rights and licenses. These catalogs represent valuable intellectual property, generating revenue through royalties from various uses like streaming, public performances, and synchronization in media. Ownership of a music catalog grants control over its commercial exploitation. It constitutes a significant asset in the entertainment industry.
Context ∞ The tokenization of Music Catalogs is a growing trend in the digital asset space, allowing for fractional ownership and new ways for artists and investors to participate in royalty streams. News frequently highlights sales of tokenized music rights and the emergence of platforms facilitating these transactions. A key debate involves the legal complexities of intellectual property transfer and the distribution of royalties through smart contracts. Future developments include standardized tokenization models and improved liquidity for these unique digital assets.
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