![]() Companies such as Napster, LimeWire, and Kazaa made a big impact but were ultimately squashed by an onslaught of legal action. Sharing audio files was the equivalent of digital purse-snatching and, if it wasn’t stopped, would bring the entire music industry to its knees. The key difference is that, back then, such disruption was widely viewed in apocalyptic terms. ![]() Parallels with the new Web3 gold rush are difficult to miss. READ MORE: Web3, NFTs, the metaverse and the future of the music industry.Decentralised computer networks were poised to upend industries, reshape how we consumed media, cut out middlemen and empower individuals. At the turn of the millennium, peer-to-peer file sharing was a transformative innovation.
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