How to get started selling music NFts – Easy beginners’ guide

Today it is so easy to listen to music. Most of us just open our streaming service of choice and queue up our favorite artists. Easy peesy. Since the process as the listener is so easy, we take for granted all the effort that goes into getting the music we love in our ears.

Writing, recording, producing, and promoting a track is a lot of work. And that’s just the song. Creating accompanying visuals like music videos and cover art can take hours and hours of extra time. None of those things are free for the artist either. They have to pay for the studio time, pay the producer, and pay to publish their music. All so their fans can hear their art.

What happens when the music is finally available to the public? Well, the music industry is a highly competitive place. It’s hard to get millions of streams on a song, especially for new and independent artists. Musicians today often see their songs get hundreds of thousands of streams. Pretty good, right? Unfortunately, artists workdays or even weeks and pay upfront costs to only make a couple hundred bucks.

For decades, it made the most sense to sign a major label deal in order to become successful. An artist needs money to make and produce music. Record labels provide startup costs, as well as production of physical albums. Since the record companies provide so much assistance for the artist, they also demand increasingly large pieces of the pie back from the artist.

Basically, the music industry is in charge of how much money an artist can make from their own music. New technology like blockchain and NFTs make it so artists don’t have to sign their rights away to have a chance at success.

Music is about to change forever

The music industry preys on young artists by promising super stardom and often unattainable status within the music world. Most artists can make crazy amounts of money and forge real connections with fans by creating music NFTs.

Artists can own what they create and share it with fans in a unique way. Never before has a fan been able to truly invest in their favorite artist. If you want your favorite band to tour a city near you, support their work directly so they can make it happen.

An artist doesn’t have to compromise their integrity in order to make a living. They can make the music they like making and experiment the way they see fit. The people supporting an artist’s work by purchasing NFTs are the only people an artist has to make happy. Not corporate bigshots who couldn’t care less about the music or the fans.

Benefits for new and independent musicians

If you’re an up-and-coming artist who is looking for a new way to connect with fans and make money from music you own, try music NFTs. NFTs have typically been associated with digital artwork or pictures of apes, but you can sell your music as audio NFTs. This means that the music you create will be 100% yours. You own the copyright and all the neighboring rights. Sell your music or associated content at a price your fans will pay and get instant payment. Even though mp3 versions of your music can still exist, the original content in blockchain cannot be changed or stolen.

A better way for fans to listen and engage

For fans who are tired of being bombarded with endless content and just want to listen to the music, NFTs are worth a shot. Most of us pay a monthly fee to stream music. The company makes millions, and the artist gets pennies. Modern music fans don’t actually own the music they listen to anymore. And if someone does decide to buy a CD or vinyl from Target, the artist gets minimal payout from that as well.

Music NFTs return full ownership and full profits back to the artist. Since NFTs can increase in value faster than an old CD, fans can also make money from their investment in a certain artist. When the music becomes more valuable, the NFT becomes more valuable. And when you sell a music NFT of an artist you love, the artist can get kickback from the sale.

Where to get started

So how can artists and fans leave the past behind and get started creating, buying, and selling music NFTs in blockchain? Here are a few platforms that are leading the way:

OneOf
Musicoin Foundation
Media Chain
Viberate
Blokur
eMusic
Audius
BitSong

Those are platforms based all over the world. Internationally, music makers and listeners are getting curious about new ways to own and interact with music. Some platforms let you trade cryptocurrency for music properties directly. Others focus on accompanying visuals for music. What they all have in common however, is the security, speed, and freedom of a decentralized marketplace that prioritizes the creative behind the creation.

Conclusion

Huge artists can influence music trends and use streaming platforms to increase buzz around a project or upcoming event. But you don’t need piles of cash backing your creative endeavors. Whether you’re a fan or a musician, you can get started with music NFTs today. This can change your life and the music industry forever.