Music NFTs, or non-fungible tokens, are a type of digital asset that represent ownership or proof of authenticity of a specific piece of music or sound recording. NFTs are unique and cannot be replicated or duplicated, making them a valuable asset in the digital world.
Music NFTs are created by musicians or music creators who want to sell their music in a unique way, outside of traditional music distribution channels. These NFTs can represent anything from a single track to an entire album or even exclusive rights to a performance.
When someone buys a music NFT, they are essentially buying a digital certificate of ownership for that specific piece of music. This ownership can come with certain benefits or perks, such as exclusive access to the artist, behind-the-scenes content, or even a share of future profits from the music. (Securing Royalties through Blockchain)
Music NFTs are bought and sold on various blockchain marketplaces and can be traded just like other cryptocurrencies. There are many market places. The only one i have used as of now is https://boombox.market/. It is very user friendly, and on Solana blockchain. (Boombox Tutorial) I will be adding more as I get more familiar with each market place.
Interested in seeing what INSTRUMENTALIZ3 is all about? Please check out the links below.