To sell your Music NFTs, you need to set up a crypto-currency wallet, and find a platform to sell on. It seems simple at first, but in this teeming jungle that is the world of crypto-currencies, you have to learn to make the right choices.
So to save you hours of digesting information on the net, we gather in this article, the different steps that will lead you to monetize your Music NFTs on the blockchain.
At a time when the remuneration system of streaming platforms is strongly criticized, music creators are looking for new ways of remuneration. In a pre-covid world, they relied heavily on live performances, tours and festivals. But the pandemic has come and gone, cutting off their main source of income.
And even if today, the end of the crisis is close, favoring the resumption of live performances, nobody will forget that it can stop overnight. So we have to find other solutions. Among the possible tracks, the NFT is in a good position to bring a more financial order to the Discord music world.
First of all, most of you have probably heard of NFT, but let’s all get on the same page:
NFT stands for Non Fungible Token. It is a kind of authentication buffer, which attests the uniqueness of a digital file. How can we trust this system? The NFT is attached to the blockchain, a huge decentralized database, whose system works thanks to its users.
It lives independently from its creators. The information that passes through it is unmodifiable, which is the ideal technology for crypto-currencies.