Total volume across music NFT projects decreased in March despite some high-profile entrances into Web3.
Meeting with his council of science and technology advisers, the president said companies need to "address the potential risks" of the technology.
Zound's CEO said the deal will "allow us to be quicker with innovation and to have a deeper and more holistic connection with musicians and music lovers."
Following its CEO's contentious testimony, the platform - and the music industry - face several uncertain possibilities as lawmakers seem intent on a crackdown.
Shou Zi Chew insisted ByteDance, TikTok's parent company, is "not an agent of China or any other country."
The artists were charged as part of a larger investigation into crypto company Tron Foundation Limited and its founder, Justin Sun.
Shou Zi Chew touted 150 million U.S. users amid calls from lawmakers on both sides of the aisle to crack down on the Chinese-owned platform.
In a video posted to the video-sharing platform, CEO Shou Zi Chew warned that a United States ban would "take TikTok away" from 150 million users.
The cuts, which will hit the company's cloud computing unit, ad business, Twitch and more, mark Amazon's second round of layoffs this year.
Here are the main takeaways from "The Creator Boom: How the Industry Can Transform" panel, moderated by Billboard's Kristin Robinson, at SXSW 2023.
