Pharrell Williams: Web3 Is ‘Scaring the System’

As a musician, producer, and fashion designer, Williams believes that in the near future there will be a revolution that shakes the music industry, the financial system, and the government. He said that the decentralization and publicity of blockchain and web3 technology is an essential key to doing these things.

Pharrell Williams appeared at VeeCon on Saturday, and during an onstage interview with entrepreneur and event creator Gary Vaynerchuk, the artist—known for the hit songs “Happy,” “Get Lucky” with Daft Punk, and “Drop It Like It’s Hot” with Snoop Dogg—described his introduction to NFTs and how he sees the underlying technology empowering social progress.

Pharrell Williams thinks that blockchain and web3 are the future

NFT is a proof of ownership of a product and is often used in digital products such as images, artwork, music,etc. These NFTs can provide access to communities and are expected to play a role in building Metaverse.

More recently, there are many artists who have discovered the enormous potential of NFT and web3, including how it can eliminate traditional music brands, entertainment studios, and distribution platforms, while enabling more connections between artists and fans. Snoop Dogg, The Chainsmokers, 3LAU, and Nas are among the top popular artists to publicly support these technologies.

However, there will still be limitations of the rapid rise of the NFT market, one of which is that people enter this market only to make money without a long-term vision.

Currently, Williams says he is doing some web3-related work, including the Digital Asset Gallery, which he describes as “a safe space for traditional artists who have done so well to have a place where they can transition to the digital world.”

Finally, Williams believes that blockchain and web3 will continue to grow further and will change most areas of life. Williams also noted that the current downturn in the market is not too scary and that he thinks it is only a temporary downturn as the underlying technology continues to take momentum to break through.

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