Transferrable tradeable.

What is nft and music. Music is a highly centralized industry. Born out of the visual art world NFTs can be used to prove ownership of a specific piece of music art or merch or secure access to live shows. They have many use cases including for digital collectibles artwork music and in-game tokens amongst many other possibilities.

In theory it does make each piece unique but their value does take a hit in the real world. Its this information that makes each NFT unique and as such they cannot be directly replaced by another token. This could be anything from video to audio an image or even a tweet.

What could NFTs do for the music industry. It differs from a normal digital ticket or a downloaded file in that it cant be copied. The Antiquated Music Industry Model vs.

NFT was firstly implemented with visual digital art. So what is the actual promise of NFTs and blockchain in general when it comes to the music business. They cannot be swapped like for like as no two NFTs are alike.

NFT has taken few steps further in creating big opportunities for digital artists all around the world. Why is buying a track or album as an NFT different to paying to download an MP3. In short an NFT can represent the ownership of an original copy of a song album merch or any unique item.

1 NFT has limited copies set at initial issuance. They are bought and sold online frequently with cryptocurrency and. NFT in the music industry.