NFT Music Marketplace: What It Is and Why You Should Know

Music NFT Marketplace … Create your first music NFTs with NFT market for musicians. Create music and music videos just under the $1, the platform works with BSC …

What is NFT?

Music NFT Marketplace … Create your first music NFTs with NFT market for musicians. Create music and music videos just under the $1, the platform works with BSC … What are the best bands to buy on NFT? BlueTune … nft4music.com/2014/03/04/29-north-american-hardcore-bands-that-appear-on-nft-marketplace-list/ nft4music.com/2014/04/21/nft-music-presents-the-ten-best-hardcore-bands-in-north-america/ NFT’s Top Ten Bands Now that we’ve completed our “Index” of bands worth purchasing on NFT, it’s time to get to the … What is a NFT?

NFT Music Marketplace … Create your first music NFTs with NFT market for musicians. Create music and music videos just under the $1, the platform works with BSC … What are the best bands to buy on NFT? Kacper … nft4music.

How Do I Create an NFT for My Music?

  1. Get a wallet – most common is Metamask which is essentially a chrome extension that connects to websites that work with Ethereum.
  2. Choose a platform – You can mint NFTs in a few different places including Rarible & Open Sea.
  3. Connect your wallet to your platform and create an account.

How much does it cost to make a music NFT?

Now here’s the big catch with NFTs (at least for now). Due to limitations with the ethereum blockchain, it costs the ether equivalent of ~$70-100 USD to create an NFT. So if you want to make a profit, your NFTs typically need to sell for over $100

Why is NFT important?

A very good question… since a lot of musicians do not use the current platforms because of several reasons. You are familiar with the costs involved, not all musicians are well informed and do not invest in music at the current time. If you are a musician and want to have the best platform for your music, then get NFT… I will tell you why… NFT has now a ‘Music Marketplace’…

If you go to NFT ‘The Sane Dollar’ you will see that every “Creation” or “Producing” (what I call “Music”) item has a price associated with it… If you like a “Seedling” song, for example, that song has the price “NFT USD 9.99″… If you have a song with more lyrics, the price will increase if you put more elements (e.g. a reverb, some mellotron notes…) that will increase the value.

Conclusion

In this post I’ve discussed some of the most common aspects of the platform. It is very similar to any other marketplace, except for one major difference. Other platforms usually support business to business transactions. With Kiva Loan among the most well known examples.

NFT markets are different in that they are not pre-built for business to business activities, they are the only real game in town when it comes to money lending. I’ve mentioned some providers of capital to the artists, I’ve tried to show how the platform works, which platforms are available, but I haven’t been able to cover the important details. Some artists share their successful experience with the platform. Others are facing issues as well.

We will be happy to hear your thoughts

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