This year, more than any other previously, artists both well-established and up-and-coming realized that they could go directly to their fans, and sell unique, tokenized versions of their songs, albums, and artwork — and ultimately, those musicians could yield substantially higher profits. As a type of digital asset, NFTs offer up a new way for creators to market and sell their content, expanding the possibilities of how art, music, literature and more can be disseminated and consumed.
NFT MUSIC PLATFORM will continue to revolutionize the way that artists and fans create community together as we enter the upcoming year — undoubtedly changing the trajectory of countless budding music careers. Now that the possibility of sharing wealth within an independent, digitized ecosystem of fans and creatives has been actualized, the future of the music industry seems even less predictable than it did in the midst of a global pandemic.
So with 2021 ending, we’ve partnered with Coinbase and UnitedMasters, who recently partnered to pay out musicians in cryptocurrency, to look back on the music NFT moments that made the most waves — historic moves that could signal a paradigm shift in the way the music industry operates.