Musicians can have more control over their creative output, their revenues, and their destiny. New formats; greater audience reach; innovative ways to interact with music lovers; different business models. They can even get paid properly. What’s not to like!
NFT Record Label
Mind Music is a real record label. It just happens to be NFT and crypto friendly. Some of the profit from their album releases goes towards suicide prevention and mental health charities.
Back with the music
If you have a vague memory of Limewire, then you probably remember it from over a decade ago when it was a free peer-to-peer music download platform. Now it is back as an NFT marketplace for musicians.
Shared streaming rights
Royal is championing a model where fans can partner with an artist and share in their success by investing in streaming rights and then earning revenue as the music streams.
Sound says their 165 artists have earned, and been paid, over $3.4 million since they launched less than a year ago. In the traditional music industry, that equates to over a billion streams. Check out their ‘Listening parties’.
The Musician Marketplace
Musicians pay for a Musician Marketplace subscription and get access to four specialized listings, hiring opportunities, as well as the ability to create NFTs where 100% of the price goes to the musician.
Packs are mystery boxes that contain multiple collectibles such as music tracks, mixtapes, video clips, static visuals, or production tutorials. They can be bought and sold on the marketplace.
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