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Square Buys Tidal...Watch Them Get Into The Music NFT Game With This Purchase by rollandthomas

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hive-167922 · @rollandthomas ·
$7.77
Square Buys Tidal...Watch Them Get Into The Music NFT Game With This Purchase
<center>![image.png](https://images.hive.blog/DQmV8ptaiLngyZoN9AN7WJaVB24TEhG3E493LR8NwhUK6Pk/image.png)</center>


Jay Z purchased Tidal for a reported fee of $56 million back in 2015 and went on to launch exclusive releases on the site, such as Beyonce's Lemonade album from last year. At the time, it was one of the most expensive music app services as most music was being sold via downloads vs. in stores.

In the years to come, Tidal would struggle to carve a lane for themselves as the novelty waned, so did its user base. In an effort to jump start its growth, Jay Z sold 33% of Tidal to Sprint in 2017, instantly exposing the music app to close to 50 million more potential customers.

But last past Summer, Jack Dorsey and Jay Z were seen walking in the Hamptons. What they were discussing was anybody's guess at the time.  According to Bloomberg at the time, Square was interested in buy Tidal as a way to diversify what services it could offer their customers. 

https://www.youtube.com/watch?v=Pq6KQ0BsGhU

Video Source: https://www.youtube.com/c/YahooFinance/videos

Jack Dorsey was later quoted as saying, "Given what Square has been able to do for sellers of all sizes and individuals through Cash App, we believe we can now work for artists to see the same success for them, and us. We’re going to start small and focus on the most critical needs of artists and growing their fanbases."

To me that statement from Jack has that with the Tidal purchase Square is getting into the music NFT game.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.



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@beerlover · 
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@cluelessinvestor · 
I will admit I need to study NFT's more. I don't understand what things can or can not become a NFT. But if they can somehow create a NFT that gives access to a limited performance or track, that to listen or watch you have to be one of the few NFT holders I can see how that can become how some flaunt their wealth. 

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@rollandthomas · 
Don't forget a live meet and greet with the artist :)

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@hivebuzz · 
Congratulations @rollandthomas! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@rollandthomas) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


**Check out the last post from @hivebuzz:**
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@pouchon · 
The more I hear crypto
in the conversation, it shows
how we encompass in the world of blockchain.
We are the pioneers.

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@rollandthomas · 
Early adopters ROCK!!!

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@sanjeevm · 
Music NFT is definitely a great idea, but given the nature of NFT, it will be limited to the number of mints originally planned - would that not be a limitation as well ?
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@rollandthomas · 
Yes, but one could say center serial numbers will have additional perks. 

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