#NFT #Cryptocurrencies #Altcoins #NFT Music
- The benefits of musical NFTs
- What is the point of NFT music ?
- Examples of NFT platforms
- Conclusions
The benefits of musical NFTs.
Music has a tremendous impact on our lives. Music inspires and comforts. Music brings joy and amusement. Music is everywhere and its creators should be rewarded handsomely for their creations.
NFT music gained popularity not too long ago, in 2021, the band Kings of Leon became the first band to release an album in NFT format.
The new music-focused NFT marketplace plans to bring exciting concerts to the meta-universe, as well as giving the artist the opportunity to earn more.
With NFT music, ownership and full control of one’s work remains with the author. Also, the author can earn income from his creations without intermediaries such as labels or lawyers. Musicians’ royalties can be significantly higher than with streaming services.
Connecting the creator and the listener is also one of the advantages of NFT music. Music fans can directly support the work of their favorite musicians and help develop it. Artists can also be rewarded for secondary sales of their creations.
Opportunities for creativity.
For example, musicians can create music using digital elements, animation. The result is a truly unique, interactive NFT.
What is the point of NFT music ?
Musical NFTs are ordinary non-exchangeable tokens which are musical works with encrypted properties. Blockchain technology is used here to allow the author to prove ownership and to protect himself against counterfeiting.
That is, music NFTs are certificates of ownership.
Music NFTs exist in the format of albums, digital album covers, concert tickets, concerts, singles, video clips etc.
The musician first has to decide what he is going to sell. Then he has to choose the platform on which he will create and sell his NFTs. Just like regular music videos, songs, etc. musicians can promote their NFTs on popular social networks.
If a collector buys an NFT, it doesn’t mean he bought the copyright to it. It means that he now owns the original audio file of the work, which he can sell if he wishes, and the author can get a share of the secondary sale.
Examples of venues for NFT:
Open Sea
Nifty Gateway
Rarible
Zora
Play Treks
NFT Showroom
Air NFTs
Markers Place
Binance NFT
Audius
Binance NFT
Blockparty
Conclusions :
Each platform is unique and provides plenty of Web3 tools for talented musicians to create unique NFTs. Some platforms are available by invitation only (you have to register and wait for approval), while others are available immediately.
When choosing a platform, the user should pay attention to commissions, the simplicity of the interface, and the eco-friendliness of the platform (depending on what blockchain is used). Most importantly, the platform should have enough Web 3 tools to create your unique NFT.
Readers are advised to do their own research to get a clear understanding of what NFTs projects is going to look like. More information about NFTs read in our article here
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