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“NFT” is a very important acronym in the world of digital music. “NFT” stands for “Non-Fungible Token,” and it is an instrument that could help musicians make money in an era where traditional means are becoming limited. Music artists, content creators, and entertainers all around the world are starting to use NFT space to further their reach. This blog gives some background on the NFT space and what it is all about.
Over the past few years, musicians have been stepping into the digital age and embracing the new technology that will help them increase their fanbase and earn more revenue. Whether you’re a newbie or a seasoned veteran, you will learn some great tips for marketing your music online and taking your career to the next level.
Celebrities adapting to NFTs
In a post from a couple years ago, Paris Hilton revealed her use of a cool technology that is important for any music artists – blockchain. Blockchain is a digital, distributed, decentralised ledger which records transactions between two parties in a verifiable and permanent way. There are also different types of blockchains like the public, private, and consortium. When used by musicians, the technology is used to track rights ownership of their songs. If you would like to learn more about how NFTs work for artists and how they could benefit your company, please read this blog.
Nowadays, artists can use NFT to create their own personalised brand and gain a following. They are now able to keep their copyright on their work while making money off of the earnings. If you are an artist who would like to take advantage of NFT, this would be the right time to kick start.
Potential of NFT in various music genres.
NFT for Electronic music
Electronic music is growing at a steady pace. The Electronic Music Awards is a great indication of this trend. 3LAU has had a whopping $17 million in NFTs sold in the past month. This is one of the main reasons why people are turning to electronic music, as it has become a more practical option to get their music heard.
With the help of Blockchain technology, artists are able to make a living from their craft. The platform provides a new and easier way for artists to interact with their audience, share information, and help them make a living off of their art. For electronic-music artist Justin Blau, known as 3LAU, this was the difference between success and failure. 3LAU started off as a freelance DJ before he created NFTs, which led to him being a breakout artist with more than 10 million followers.
‘It’s a way to monetize your fan base in a way that’s never been possible.’— Justin Blau, known as 3LAU
NFT’s buzz in Rock Music
The company launching the NFT has now announced that Kings of Leon will be the first band to release a track in NFT. For those of you who are unaware, the company has created a new type of cryptocurrency that allows artists to release their work on their terms. With the release of this cryptocurrency, artists are able to choose when they release their music. Some artists might choose to hold off until a certain time and some may want to release it at the same time. This is all up to the artist and it gives them full control over when and how they want to release their music.
Kings of Leon has been signed to Inter scope Records and has become one of the most successful rock bands in the world. The band is set to release their first track in the blockchain by partnering with EOS on the blockchain project. By doing this, they will be releasing their first single, “Waste a Moment,” in the NFT cryptocurrency for the blockchain. This is the first time a major record label has accepted cryptocurrencies for their work. This is a huge step for blockchain as a whole and is definitely a huge opportunity for many artists to get exposure.
How should you go about building career in NFT?
There are many ways for musicians to make a living in the modern world, but the opportunities seem to be dwindling. With NFT, musicians are able to release their music and connect with an audience. If you are a musician looking for an easier way to make a living, this blog will help you reach your goals.
Many musicians are seeking ways to grow their career in the music industry. One way that has caught on is the concept of non-exclusive streaming services, also known as “NFT.” NFT streaming services provide a platform for artists to find new audiences, expand their musical reach, and connect with fans.
Binance is helping artists to start with NFTs.
Bonus Tip:
A new cryptocurrency called NuBits is about to take the music industry by storm. It was created in 2014 by a group of scientists and software developers, but it wasn’t until January of this year that it began to get traction. Since then, it has reached a price of over $1,000 per coin and it looks like its value will continue to rise. So far, one of the first bands to accept NFTs is the band Kings of Leon. Their song “Temporary Solution” will be released in NuBits for one week in April, as a way to celebrate the company’s launch.
