Here’s How NFTs & Crypto Can Revolutionize The Music Industry

The interest in NFTs has grown exponentially in recent years, with NFT sales totaling $25 billion in 2021 alone, up from $95 million the previous year.

While some financial experts are skeptical about NFTs based on their volatility, it's not easy to ignore the amount of money generated through the sale of NFTs.

How NFTs Are Changing the Music Scene 

A Better Way of Monetizing Their Work

Over the years, artists have always been under the control of recording labels, which often get the lion's share of an artist's work.

Reducing Piracy

Piracy is a big problem in the music industry and sees the industry lose millions of dollars annually. While there are laws to protect artists from piracy, they are ineffective in controlling the problem. 

Luckily, trading NFTs allows artists to transact directly with their fans which helps build royalty and a supportive music community.

Building a Loyal Fan Base

Major Artists Already Embracing Music NFT

While NFT trading is relatively new, some artists are already cashing in on this opportunity.

The first step in creating music NFT is recording your song. You can choose to add a video to your track or create a piece of audio-only music NFT.

How to Create Music NFT

Swipe Up

for more finance, business, and real estate advice

Read More

Here Are the Top 15 Highest Paying Jobs

Jobs That Pay 100 an Hour (or More) and Can Be Done Remotely?