Music NFTs have many benefits for fans and their artists. The two camps are in direct contact and no intermediary intervenes when the musician artist wants to make his work known to his fans.
There is no label, distributor, streaming platform or social media platform involved.
The Music NFTs industry is designed to put the artist above and their listeners below. As it presents itself, the musician cannot have real information about his listeners. He doesn’t find enough opportunity to get to know his fans deeply. The figures and statistics on the platforms do not provide the maximum information on the listeners.
On the other hand, with a Music NFTs, your biggest fan can show up. By manifesting yourself, you can know it. Not all fans can buy an NFT music, because it is a little expensive.
This purchase of NFT music will allow your fan to invest in your musical project. If you’re an up-and-coming artist, you can give your fans the opportunity to tell you how much they believe in your future success. They can buy your music NFT now with the expectation that if you blow it up it will be worth much more in the future.
The most interesting part for this is that your fan will promote you so that you become a recognized artist. This is common among budding artists. It’s kind of a win-win partnership, because the more famous the artist is, the more the value of their NFT music will increase.
The fan who had acquired it will get huge benefits from it. This is obviously great for the artist and can help attract future discord NFT buyers, creating a positive feedback loop.
Finally, you can use NFTs to help fund your next project. If you want to release an album, but don’t know how you’re going to pay for it, you can raise money by selling NFTs, much like with a Kickstarter campaign.