It's the music NFT craze, but it won't last. In the end, only good NFTs will gain value and last just like coins.
How are music NFTs disrupting the music industry?
Many questions are being asked at the moment about the NFT music let's start from the beginning:
What are NFTs?
“NFTs,” or non-fungible tokens, could revolutionize the way you consume music.
It is similar to a digital authenticity certification. It is like a stamp that you put on any type of file to make it unique. As it becomes unique, it takes on a certain value (depending on your notoriety). The technology that allows this and ensures authenticity is the blockchain, the same technology allows cryptocurrencies to exist.
NFT is already worth several billion €. In March 2021, the artist Beeple sold his work (digital painting) for 69 million dollars in an auction, the auctioneer said “This is a turning point for the future of new media and even for the whole way of collecting”. It is easy to predict a great future for NFT and a real revolution in the world of music and a gold mine for artists.
There is everything to do in musical NFTs , we are just at the beginning
It is a product that is worthless to create and can be resold for unlimited amounts.
Your fans will love that you are innovating and seeing that you are among the first artists to create NFTs for your community.
Our platform can create and implement the Artists' NFTs , to allow them to receive a portion of sales and resales. To bring a new source of income to the artists we work with
Make money selling NFTs. Create direct experiences with fans by selling and also earning a percentage of each resale of unique digital collectibles instantly!
We generate a New lucrative revenue stream for creators in the form of NFTs and on music copyright.
These revolutionary NFTs will increase in value as an artist's career progresses.
The NFT becomes a pass to access things or a means of identification to access member spaces, products, concerts, etc.
There is this whole social dimension of NFT which is gaining momentum!
NFTs are limited in number and available on a first-come, first-served basis.
Tory Lanez sold over 1 million of his new album in NFT format in less than 24 hours, generating millions of euros.
The Weeknd and Calvin Harris have also sold rare content on NFT platforms
In France, Booba, ICO and Sisik are among the first artists to offer their works in this revolutionary new format.
NFTs are a whole new ecosystem for selling creations and works, in addition to physical media like CDs and streaming with Spotify and Apple Music etc.
What are the NFTs and how musicians will benefit from them
It is also a way to collect royalties on every future transaction. Imagine this: You create an exclusive project and sell 1000 physical copies for €9.99 each. 2 years later these copies can be sold on Ebay for €2,000. If you sell your project as an NFT you will receive 10% commission as a creator. You will get a share of the sale price on every transaction.
Also, if you are an artist and you offer an album or a single in NFT, your fans have a token on the blockchain and can also access exclusive content such as a private club.
How to Create and Sell an NFT
But then where to start?
Our platform takes care of everything!
Your music will be put into the blockchain and your NFT created with our platform. You can then put it on sale for your fans and receive your remuneration. All you have to do is create your wallet, your crypto wallet. It is essential to receive your payments, because they will only take place in this form. We advise you MetaMask , which is one of the most used, and one of the simplest. This allows you to collect your income from the sales of your NFTs. Because the Music NFTs are only purchased in crypto at the moment.
Don't forget...
Buyers are there for your music but especially for the added value they can achieve, so you have to show them that your NFT music has a strong potential . By gaining notoriety by having a good fan base, by having clips with important scores. History of having a large margin of progression. Make your profiles on social networks qualitative, study your communication, it will prove that you take the RAP GAME very seriously, and why not? Maybe you are the Booba of tomorrow and therefore a crypto currency investment high yield!
