What are music NFTS?

NFTs aren't just cat GIFs and JPEGs of cartoon apes, they can also represent immutable ownership of music clips too. Although many people associate non-fungible tokens ( NFTs) with digital pictures sold as blockchain-based assets, there are many other applicable categories. One fast-growing ecosystem in the NFT industry is music NFTs.

Are music NFTS a fungible token?

Although many people associate non-fungible tokens ( NFTs) with digital pictures sold as blockchain-based assets, there are many other applicable categories. One fast-growing ecosystem in the NFT industry is music NFTs. On the surface, music NFTs may appear like the blockchain alternative to buying tracks on iTunes.

Are music NFTS royalty-oriented?

Unless specified, music NFTs give buyers no royalty or copyright claims – just as jpeg NFTs don’t either by default. But there’s also a growing subsector of royalty-oriented music NFTs that we cover below.

Why should artists invest in music NFTS?

For some, that value could come from a closer relationship with the artist they like. For others, it could be financial exposure to an artist who they believe will thrive. If the artist becomes successful, the value of the music NFT they’ve invested in could rise. Music NFTs can generate lucrative revenue for some artists.