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Full Version: Nft (non Fungible Tokens) To Revolutionize Music Biz
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Todd Simpson
Remember the article I put up the other day about the NFT (non fungible token) and how it wa used to buy a jpg for tens of millions of dollars. It's so much more than that. NFT are going to entirely revolutionize the Music Business. Yup, I said it. ohmy.gif) Basically any artist with any kind of serious gravity/traction, can create an NFT and bam it instantly has value. They can the sell this NFT to a an. Fans can, of courses, bit on them. There is no ceiling in terms of price. If a popular artist creates an NFT of a song they are working on, and promises that whoever buys it will be featured on the track when it is released to the public, for example, that NFT has a LOT of value for fans. This is just one example. The NFT is going to have a huge impact on the music industry. This video breaks it down.

Someone paid $6,000 for this little bit of music as an NFT (a sample pack that he tweeted about)
Click to view attachment

WHAT DO YOU THINK? REVOLUTION? OR RESTITUTION?

Mertay
Lets hope this will be helpful for the musicans, and also not become a bubble.
Todd Simpson
Probably a bit of both smile.gif The only musicians that seems to have the gravity to make it work are the same ones forcing it up to "bubble" status. Meanwhile, smaller acts/names, can't generate enough heat to make an NFT viable. Best of all, it's so new there are no firm laws on the issue.

QUOTE (Mertay @ Apr 12 2021, 03:31 AM) <{POST_SNAPBACK}>
Lets hope this will be helpful for the musicans, and also not become a bubble.

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