What is a music NFT?

What are Music NFTs? A music NFT, which stands for non-fungible token, is a unique digital asset that lives on the blockchain, and can be bought and sold. Where a regular NFT is typically just a visual asset, a music NFT has a musical component as well as a visual one.

Are music NFTS a fungible token?

Although many people associate non-fungible tokens ( NFTs) with digital pictures sold as blockchain-based assets, there are many other applicable categories. One fast-growing ecosystem in the NFT industry is music NFTs. On the surface, music NFTs may appear like the blockchain alternative to buying tracks on iTunes.

Are music NFTS royalty-oriented?

Unless specified, music NFTs give buyers no royalty or copyright claims – just as jpeg NFTs don’t either by default. But there’s also a growing subsector of royalty-oriented music NFTs that we cover below.

Are music NFTS a flaw?

Benji Rogers, who instructs the Music Business Trends and Strategies course at Berklee Online and is co-founder of the digital strategy consultancy Lark 42, sees this investor-investee dynamic between artists and fans as a flaw of music NFTs. “The future of the music industry is in artist-to-fan connection,” says Rogers.