Over the years the music industry has taken quite a beating from new technology. And now, just maybe, blockchain technology is here to make a game-changing difference for the independent music creator.
From music cassettes to discs and now the impalpable digital audio file that can be readily served from a number of devices or internet streaming services.
Whilst streaming services promise many artist with a new way of independently generating huge income. Unfortunately, for most, this hasn’t been the case, at least so far.
In fact, these new methods have simply introduced new or additional tasks and focus for the artists to tackle in promoting and generating sales of their music.
Now, with NFT music, speculation will tell you that this method may resolve not only ownership or copyright issues, but also provide new opportunities and methods for generating long-term income
To begin the process, the first thing you will need, besides your music, is a crypto-wallet. You can either sign up for one in advance, or during the process of joining an NFT platform.
The following are NFT Music dedicated platforms, although I have seen Music NFTs on general art platforms such as OpenSea and Rarible:
Opulous brings Decentralized Finance to the music industry, changing how artists access the funding they need and providing a launchpad for the first music copyright-backed NFTs.
Royal enables anyone to own a piece of their favourite songs to earn royalties alongside the artist. We believe in artists’ freedom. Royal opens the door for artists to retain independence and creative control as fans fuel their careers.