Music NFTs : Talking About NTFs Why Monitor Its Evolution?

You can remember that to date, the  Music NFTs mainly concerned graphic art.  Artists were selling unique works on the digital world.

were also primarily what are known as “collectibles”: unique digital cards to collect. Kind of like Pokémon cards. Or at the time, PANINI football cards. In each pack of cards, you have cards that are rarer than the others. So they have more value. This explains why some NFTs are very expensive. Because they are rare.

Collectibles are the best-selling NFTs because they are in high demand, allow rapid speculation and “quick flips” (buying at a low price and reselling with a small (or big) profit).

Music artists have sniffed out the opportunity (like King of Leon) and sold single copies of their albums through this process.

What is incredible is that these objects, digital products, exceed incredible sums at auction!!! An artist I accompany, Fix cions, very up to date on the subjects of blockchain and NTFs, told me that very simple paintings are sold in this digital world at prices beyond all decency…

Ari’s Take, American musicians, explains in an article that an artist had 27,000 followers on Instagram. A visual and musical artist who has made almost a million dollars on his tokens!

Fame in the “real world” does not necessarily equate to success with the NFT. Another artist with 60 million Instagram followers only made $380,000 on his tokens (yes, ok, we would all like to do that! but it’s to show the difference with the artist who has 27,000 followers) .

Music NFTs

On the other hand, what you have to understand: without a community behind the artist, there is very little chance of selling his expensive NFTs, or even selling them at all.

Because they will interest no buyer. Many think that it is enough to make a digital object and that it will be able to sell it easily. But nothing happens without anything (except rare cases).

Imagine that you are organizing a concert, are totally unknown, and sell your tickets to attend your performance. If you have no audience, there is little chance of filling the room. It’s the same for everything. And NFTs are no exception.

Generally, NFTs projects and creative teams have a strong presence on Twitter and Discord. This is how future buyers verify the project’s potential: by going to the project’s social networks and looking at the REAL commitment (bots are quickly detected). If there is a big commitment (and “hype”), it means that the project has potential, and that sellers will be able to resell easily, and at a high price, the NFT purchased. It is a simple system of supply and demand. Like on the stock market.

Or, you have to be an artist who already has a good reputation for the audience to want to support him and keep his NFTs collectors.