A music NFT is any music track, album or music video that is minted and sold as an NFT.
Music NFTs have a number of advantages over typical digital music:
- Royalties. Artists can gain perpetual royalties from secondary market sales of their music. This can be seen as fairer than standard industry royalties.
- Funding. Smaller artists may struggle with raising the funds for studio time and production costs. By creating NFTs for their music, fans can assist artists in helping to make more music be produced and released.
- Speculation. NFT music, especially when released by well-known artists, typically commands higher prices, as the scarcity and speculated utility can be highly-desirable.
Popular artists that have released NFT music include Rihanna, BABYMETAL, and Kings of Leon.
NFT Basics
- What is a Non-Fungible Token?
- NFTs vs Crypto: Key Difference
- Common NFT Terms
- What gives an NFT its value?
- How Do I Purchase an NFT?
- How Do I Pick an NFT to Buy?
- How Do I Trade an NFT?
- Is It Hard to Sell an NFT?
- How Do I Exchange an NFT for Cash?
- How Do I Make an NFT?
- How Do I Find the Rarity of an NFT?
- How Do I Earn Money from NFTs?
- What can an NFT holder do?
- Why do collectors buy NFTs?
- Can NFTs be a good investment?
- How Do I Avoid NFT Scams?
- How Do I Know if an NFT Is Real?
- Will NFTs last?
- What Are the Biggest NFT Collections?
- What was the first NFT minted?