NFTs (Non-Fungible Tokens) are digital assets that represent ownership of unique items such as art, music, and other intellectual creative works. NFTs are stored on a blockchain, which is a decentralized digital ledger that records transactions. NFTs have become increasingly popular in the music industry as a way for artists to monetize their work and connect with fans as well as a new line of investors.
Here are the basic steps to create an NFT for your music:
- Choose a blockchain platform: There are several blockchain platforms available for creating NFTs. Ethereum is the most popular platform for creating NFTs, but there are other platforms such as Binance Smart Chain, HBAR, and Solana (just to name a few)
- Create a digital wallet: You will need a digital wallet to store your NFTs. There are several digital wallets available such as MetaMask and MyEtherWallet.
- Create your music: You will need to create your music in a digital format such as MP3 or WAV.
- Mint your NFT: Once you have created your music, you can mint your NFT on the blockchain platform of your choice. Minting an NFT involves creating a smart contract that specifies the ownership and characteristics of the NFT.
- List your NFT for sale: Once you have minted your NFT, you can list it for sale on a marketplace such as OpenSea or Rarible.
Several rappers have used NFTs and blockchain technologies in their music careers. Here are some examples of successful music NFTs:
- Azealia Banks: She has taken advantage of the NFT wave by selling her audio sex tape with her fiancé on an NFT digital marketplace.
- Quavo, Lil Baby, 2 Chainz and Jack Harlow: They have announced their first NFT collections, which include augmented reality memorabilia and other virtual collectibles.
- Lil Pump: He has released his own NFT collection called “Esskeetit”.
- Ja Rule: He has sold an NFT of his Fyre Festival painting for $122,000.
- Saigon: He has released his own NFT collection called “The Greatest Story Never Told”.
- 6ix9ine: He has sold his own NFT collection called “69 Origins”.
- Jeezy: He has released his own NFT collection called “Snow Season”.
- Curren$y: He has released his own NFT collection called “Stoned on Ocean”.
In addition to rappers, other artists like Deadmau5, Grimes, 3Lau, Jacques Greene and Kings of Leon are also working around traditional streaming models by releasing their music as NFTs.
I hope this helps!