So, if you missed the NFT digital art boom, you have another chance.

Of course, if I’m telling you about this, odds are you have missed the first wave, but as I’ve said about NFTs for a while now, ‘they are both overhyped and here to stay.”

Next up on the docket: Music NFTs

If this is your kind of thing, to own a piece of a musician’s library, there are a few places you can go:

• Catalog — A specialized marketplace for 1-of-1 NFT music releases. 
• Sound.xyz — A new music NFT platform for creators to release limited time drops. Secondary sales can be found on popular NFT marketplaces like OpenSea, Rarible, and others.
• Futura — A 3D generative art and music project created by Euler Beats.
• SongADAO — A community based around Jonathan Mann’s Song-a-Day project.
• Beat Foundry — A new platform for on-chain generative music.

Just like the writing is on the wall for the banks, the writing is on the wall for the major music labels.

What Taylor Swift started, Web 3 is going to finish.

I’m sure we’ll see new services, like Music NFT promotion and distribution services that pop up around these platforms, but the idea that a centralized music company, like Capitol Records, is going to own a musician’s recorded works, is going to be an anachronism.

These NFTs will be fan loyalty mechanism, revenue-sharing, collateral creating, assets that are avenues to independence, though not necessarily complete financial freedom, since power laws suggest that the bulk will be captured by a few.

However, I am optimistic that it will give more musicians a way to make some revenue from their efforts.