This Is How Artists Will Release Music Eventually

By davidgyoung | Alternative Investing | 30 Sep 2021


As many of us know, after all the lawyers, publicists, promoters, and other middlemen get their cut the musician is generally left with very little - and that was back when people were still purchasing "hard assets" like CDs.  Now, with the streams and Youtubes of the world dominating, musicians are relying on spins, streams, listens, tweets, likes, etc. to generate enough volume to make it while pointing to actual concerts and tours to make most of their income. 

Why not take a look at a new approach?  Mike Shinoda is getting involved with Hic Et Nunc and the NFT space and even apparently recorded a song live on Twitch and sent it out as an audio NFT. 

Look for musicians to start releasing "limited editions" of new art and music via NFTs thus leveraging platforms such as Tezos.  A band dropping a new album could easily carve out 1000 premiere editions of the music and turn those into scarce NFTs while selling them off on an exchange at a premium price (say $1,000 each???).  They could even sell the music in iterations where the first 1000 cost a certain amount each while the next set of a 1000 (or whatever they choose) costs incrementally less until you reach an equilibrium where.  Toss in some extra perks like tickets and other experiences and art for the highest priced NFTs and you are off and running. 

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davidgyoung
davidgyoung Verified Member

BTC since 2013. Investor. Entrepreneur. Always looking to learn and develop.


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