Kanishkar

Opinions expressed are solely those of the author and do not reflect the views of Rolling Stone editors or publishers. Funding to blockchain companies doubled between 2017 and 2020, and actual spending is expected to reach $16 billion by 2023. While the most visible changes thus far have been in the financial sector — from crowdfunding overhauls to decentralized finance (DeFi) apps impacting loans and credit, insurance and asset trading — and infrastructure and security, blockchain’s gaining popularity is set to have a lasting impact on the entertainment industry. From the way content is produced, aggregated, distributed and consumed to the relationship between content creators and their audience, blockchain technology could have a direct impact on entertainment for years to come.