Music NFTs are changing the dynamic between fans and artists, giving both parties new ways to engage online. The new dynamic is made possible by music NFT companies, who are fueling the transition with innovative new types of tokens that can be bought, sold, and traded online. Music NFTs allow fans to own portions of a song’s royalties, iconic memorabilia, or even access to digital concerts. Here are the companies making the biggest impact.
Everything’s going digital these days — even physical assets. We’re not talking about staking out the virtual equivalent of real estate in a metaverse somewhere and hoping the land will appreciate in value. We’re talking about brands and organizations finding effective and profitable ways to monetize the real, physical assets they hold using the blockchain. It’s a new way of doing business, but it’s already a potent one. If you want to get started right, your best bet will be to follow the example of or partner up with dedicated asset tokenization companies.
While profile picture (PFP) collections have dominated trading volumes for OpenSea’s top 100 collections of all time, content-based collections show the most growth in the last 30 days