Music NFTs – Are They a Dying Trend?

Share This Post

Music NFTs shine by defeating and revolutionizing industry concerns

Alongside profiting the world of art, video games, sports and luxury goods, NFTs have shaken the music industry.

World-renowned musicians 3LAU, Snoop Dogg, Gorillaz, Grimes, Steve Aoki, Deadmau5 and Kings of Leon jumped on the NFT bandwagon, and boy, are they glad they did. 3LAU earned a market cap of $11.7 million through the digital assets alone.

But what exactly are music NFTs? Do they shape the music industry, or are they a dying trend?


Music NFTs are non-fungible tokens consisting of an embedded music file, typically showcased by an original piece of digital art. In most cases, the tokens lead to an audio track once clicked on. The audio can then be listened to at any given time. However, there’s much more to music NFTs than meets the eye.

Third parties traditionally dominate the music sphere through corporate profit. Song creators rely on music publishers, record labels, and digital music distribution services to ensure their content frequently streams to valuable services in exchange for royalties.

By being dependent on third forces, they often lose income, face copyright risks, and are paid unfairly.

NFTs provide a limitless model for musicians to reach consumers independently. Through NFTs, musicians can release tracks while keeping all profits made⁠—receiving all secondary sales earned from their projects via smart contracts and saving streaming charges.

On top of that, fans purchase NFTs to support their favorite artists and own a unique piece of content that only they can access. The higher demand for the NFT, the pricier the digital asset. But, once collecting an NFT, owners can reap benefits.

To entice buyers, the tokens usually support access to members-only platforms full of like-minded fans and where news is released ahead of time. Giveaway prizes are also dished out, including concert tickets, merchandise, records and more.

In short, defeating and revolutionizing music industry concerns is how NFTs shine. Through non-fungible tokens, artists can create NFTs embedded with unique musical content while taking home all profits and saving big bucks on streaming costs.

NFTs supply various ways artists can deeply connect with their fans, positively affecting music-making and personal experiences.


Artists continue to join the crypto trend, despite the market plummeting. Two days ago, the Beatles Ringo Star jumped on the NFT submarine. The Weeknd, Richie Hawtin and RAC also currently have music NFT collections on OpenSea.

Proving there is still money to be made through music NFTs, one of the most recent popular collections is Warp Sound’s NFTs, WVRPs. At this time of writing, the crypto project has a market cap of more than $7,000.

More Web3 platforms and protocols are working towards reshaping the music industry⁠—all of which bear artists’ well-being in mind. Unchained Music, for example, is a music distribution platform that allows artists to distribute music at no cost while possessing all royalties.

Other notable Web3 platforms revolutionizing the music sphere include Audius,, anotherblock and Catalog.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT drops, releases, reviews and more.


Related Posts

Louis Vuitton NFTs Revamp Classic ‘Treasure Trunk’ Range

The renowned luxury fashion brand, Louis Vuitton, is taking... Ventures into Web3 Travel Experience with ‘Trekki NFTs’

The acclaimed travel services provider,, recently ventured into...

PancakeSwap Unveils Exclusive NFT Collection, Amplifying the Gaming Scene

PancakeSwap, the innovative decentralized finance platform, recently launched an...

David Christopher Lee Spotlights Celebrity NFTs on

David Christopher Lee expands his aperture by partnering with to showcase...

Uphold Premiers OTC Trading and Research Solutions for Digital Assets

Yesterday at the 2023 Crypto Valley ConferenceToday, the influential...

Nike and EA Sports to Fuse Fashion and Gaming

Nike Virtual Studios, the sportswear behemoth's digital arm, and...

Related Posts

The Ultimate Guide to NFT for Dummies [2022 Guide]

NFTs are collectible items that can represent digital content,...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

Everything About Starbucks NFT Reward Program ‘Starbucks Odyssey’

A Starbucks NFT will reward customers with a trip...

Starbucks NFT Airdrop: The Odyssey Rewards Program’s Unique Initiative

Starbucks, a global coffee giant, ventures into the blockchain...

Understanding Gas Fees and How to Dodge Them

Ethereum 2.0 alongside Layer 2 solutions make gas fees...

Bored Ape Yacht Club Review | 2023 Guide

An in-depth Bored Ape Yacht Club Review Guide. Everything you need to know about Bored Ape Yacht Club NFT Collection.