© 2023. MPT Agency | MusicPromoToday
Music NFT’s are taking the world by storm. Using Smart-Contracts and unique fan engagement techniques, an artist can now create a whole new type of community that will follow them beyond views, likes and shares.
More than a just a JPEG, NFT’s allow an artist to embed perks, privileges, and even financial incentives that reward buyers. All while giving members access to what they came for first MUSIC
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NFT CAMPAIGN TODAY
NFT’s are a type of digital asset that represent real-world objects like art, music, in-game items, videos and anything else that can represent a unique entity. More than just an image, an NFT represents the transaction in the blockchain that is illustrated by an image. They are bought and sold on online marketplaces or p2p portals that curate the buyers themselves.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. The market for NFTs was worth a staggering $41 billion in 2021 alone, an amount that is approaching the total value of the entire global fine art market.
You can view the individual images, or even the entire collage of online for free, but NFT allows the buyer to own the original
item. With the hash being a built-in authenticator, collectors no longer need to pass by an appraiser to validate the product, rather this validation is secured by a public blockchain
For music, this creates a unique market, where the artist can hash their IP rights, and market their product in a fan 2 fan ecosystem. Supporters of the music can buy these assets and market them on their own platforms without passing by a publisher or streaming platform; bottle-necked by the algorithm. Free market capitalism in the music industry has a new name, and it’s Non-fungible tokens!
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Giving your song the story it deserves
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© 2023. MPT Agency | MusicPromoToday