Most of the music NFT projects that have made the news were this variety. That’s part of the equation many people are missing. Large artists with huge budgets shelled out the money for the full NFT vehicle including all of the marketing and hype.
That’s why those projects performed so well. Many of the smaller musicians creating NFTs haven’t seen such success. These smaller musicians are mostly on the platforms listed above. There’s a distinction between buy afghanistan cell phone number list musicians and small musicians and where they sell NFTs. It’s almost a completely different game.
Negative Aspects of Music NFTs
There is a slew of bad press surrounding NFTs in general. Everything from killing the Earth to people calling them “scammy” or “slimy.”
As someone who has minted and sold over 100 music NFTs there is nothing scammy or slimy about the creators, process, product, or collectors. That doesn’t mean there aren’t many fake projects, rugpulls, and scams. This is still crypto. You just have to cut through the noise to find the signal.
Another battle to face with NFTs is education. A good percentage of the general public is still skeptical and they don’t understand the technology. This can leave the responsibility of educating fans to the musician. Why would I buy an NFT of a song when I can get it for free on Spotify? That type of stuff. This attitude may change in the coming years as utility and clarity comes out of the NFT space as a whole.
Most of the music NFT projects that
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