Welcome to the world of NFT music 2024, where you can use technology to create one-of-a-kind musical compositions and reap the financial benefits from your artistry. With the proliferation of NFTs (non-fungible tokens) in recent years, many creative individuals are using the technology to make their musical compositions digitally exclusive and saleable on the blockchain.
If you are interested in getting started creating NFT music, here are 5 easy steps to consider in 2024:
1. Use Virtual Instrument Software: There is a variety of virtual instrument software available on the market now. This includes both digital synths and virtual orchestra instruments, allowing you to craft amazing musical compositions right on your computer or tablet. Be sure to select a package that is optimized for creating NFTs, so that you can use blockchain protocols to issue and manage your digital compositions.
2. Focus on Collectible Quality: Collectors of digital music look for compositions with an interesting sound, unique qualities, and interesting stories behind them. As such, take the time to create something that stands out from the pack and tells a captivating story.
3. Research Smart Contract Services: Smart contracts are becoming a major player in the world of NFT music. It is important to do your research to understand which service will work best for you. Take into account fees, services provided, and legal aspects associated with using the smart contract platform.
4. Make Sure Your Works Are Fully Licensed: You will want to ensure that all the samples, artwork, and music that you create and include in your compositions are fully licensed and registered properly on the blockchain. By making sure all your pieces are fully licensed, you are taking the extra step to protect your digital works.
5. Use Networking to Spread the Word: As with any form of art, having an active and engaged fan base is essential. Using social media and engaging in cross-promotions with other digital creators will help to expand your fan base and reach.
It’s clear that 2024 is going to be a monumental year for NFT music. With the projected market size set to hit $150 billion by then, it’s going to be a fascinating ride for music industry stakeholders to watch.
Here’s a link to where I have my NFT music on: