NFT, a digital file — whether it is a song, a piece of artwork, a trading card, or anything else — may be stored on the blockchain as a one-of-a-kind collectible object. NFTs are impossible to forge, copy, or erase. Read my article goin in more detail on NFTs here.
How do you get your hands on an NFT now that you know what it is? To begin, you’ll need to familiarize yourself with cryptocurrencies.
But don’t be turned off by this! Anyone may use cryptocurrency, and more individuals are joining the sector every day. To get started, all you need is a device such as a phone or a PC.
On a blockchain, (Learn about Blockchains here) NFTs are one-of-a-kind assets that may be kept and traded. They are unchangeable, limited, and open to public scrutiny. Artists in the music industry can offer restricted digital content to fans who pay using cryptocurrency. You may now create non-counterfeit able music material.
If you’re ready to buy but aren’t sure how, here’s what you need to know.
You must first create an account with one of these marketplaces in order to purchase NFTs. The good news is that creating an account here is simpler than opening one at a brokerage or exchange; you’ll probably only need an email address and a source of cash.
Several online markets, like Nifty Gateway, MakersPlace, OpenSea, and others, sell and buy NFTs. Networks like Audius and Minty, which allow artists to develop and promote their work directly to fans, have sprung up for music-specific NFTs. Fans may invest in royalties from their favourite performers’ songs through sites like SongVest.
NFTs can be bought with credit cards or bank accounts on occasion, but cryptocurrency is the most convenient way to fund your transactions.
Nifty Gateway and Gemini, as well as NBA TopShot with Flow, are two NFT markets that have partnered with crypto exchanges. You’ll need one of these accounts if you wish to utilise cryptocurrency to fund your NFT purchases.
Although the NFT area is still relatively young, nothing is known about how labels, music industry technologists, and businesses will level up. But one thing is certain: they have potential.
AirNFTs seeks to link musicians with their true fans by offering a low-cost NFT platform for music, among other things. Come early and join us in making music NFTs.