An introduction to music NFTs — five things you might not know about this new asset! 🎶

We have entered into a new era as artists are embracing being able to sell their music as non-fungible tokens on a blockchain network, essentially opening a brand new door for them to distribute and monetize their music and connect with their fanbase.

Here are five facts to help you understand how it works 👇

💰 Artists can sell NFTs directly to fans, thereby bypassing the expensive middleman

Artists can sell their music as non fungible tokens directly to their fanbase, without any middlemen. They can also offer their buyers and fans unique benefits and perks with the sale. They also decide how the buyer can use the NFT by having different ownership and control rights on their NFTs.

🙅‍♀️ Music NFTs are sold on a blockchain platform

Each artist chooses a blockchain network where they develop their NFT and they also choose a music NFT marketplace where the sale is launched. The biggest advantage for musicians is that the NFTs cannot be duplicated.

📈 What is the benefit of an NFT for fans?

By purchasing NFTs, fans can own a distinctive and unique piece of music, for example, which may increase in value over time. The NFT is stored in a crypto…