I am continually looking for ways to pay my bills, just like the rest of us indies. Perhaps this is the road to go down. Music NFTs (Non fungible tokens) are the future!
An NFT is a unique digital item stored on a blockchain.
Three ways to sell your music in todays music industry:
The video (above) shows three ways to sell your unique masters as NFTs and also explains the basics of selling NFTs within the music business. This makes so much sense today as streaming doesn't pay for most of us. When you offer music on the blockchain, the ones who buy get certain perks for owning it. You decide what they get. You set the price. If you sell 20 NFTs at $50 each, that's $1000! To get the same amount of money through streaming (you need 1M views!) is not an easy thing for most independent musicians. Think about it!
Tokenising your music with smart contracts -Every time you sell your music on the blockchain, that sale is going to be traceable and verifiable on the blockchain.
You can see who the owners are
You can split the royalties to get paid out directly (at the time of sale) into the wallets of the owners of that music.
Every song becomes an individual token. Each token gives them access to the perks you offer for that token. (See the video!)
Companies
ZERION: https://zerion.io/blog/how-to-make-and-sell-music-nft/
OPEN SEA: site to sell your blockchain based music on: OpenSea.io They have a very good series of articles online to helo you understand what NFTs are and how to get started.
Here are a few videos about Open Sea- I'm going to try it.
How to sell an NFT on OpenSea
And here is a great article for musicians as well!
https://nftnow.com/guides/complete-guide-to-the-nft-music-ecosystem/
Now I've got to look into this....Here we go!
YOU ARE READING
...The Indie Musician's Diary, Volume 4
Non-FictionIn Volume 4 of the Indie Musician's Diary I write about how and why music creation had to take a one year breather as I started to write the book that explains my first album, (The Change My Mind book). My planned, second album, "Abide", was put on...
