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Why is everyone talking about Music NFT and What is a Music NFT?

Etherum Reddit

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Music NFTs is going to be one of the primary ways a mainstream audience discovers Ethereum

Music NFTs is a new way to sell products fans already love: music, merch, concert tix, meet-n-greet etc

The Music NFT is used as a VIP Pass for digital access to all of these features.

The blockchain gives it a built in marketplace allows it to be sold and traded without risk of fraud

The Music NFT is not all about delivering the listening experience

I want more people to understand that Music NFTs & streaming work together.

Think of the music like a sports event.

Streaming = listeners, the audience, on the sidelines cheering.

Music NFTs = participants, on the field with the artist helping them win

Streaming is the top of the funnel, low $ value product.

Music NFT is the bottom of the funnel, high $ value product.

Music NFTs incentivize the audience to help an artist succeed. They allow the fans to have a stake in the artist, and get cool stuff for supporting. The NFT functions as a tradable digital asset for the artist and their music. They provide digital ownership of a product that scales with the artist. It increases in use case as the artist grows and finds more opportunities to include their collectors.

submitted by /u/famous_Dyl
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