The music industry didnt catch onto the NFT craze until the last six months.

What is the nft craze in the music industry. NFTs in the music industry can take on many forms. When the music industrys NFT craze hit its fever pitch earlier this year it seemed nearly everyone was rushing to mint the crypto collectibles in one form or another. In this clip we catch up with Steve Stewart co-found.

Fungible means interchangeable so it can be replaced by something of equal value. The NFT consists of still images of a rock which are all identical in design and shape but with different color tones. The NFT consists of still images of a rock which are all identical in design and shape but with different color tones.

ETHRocks is basically a collection of digital rocks tokenized on the Ethereum blockchain. The creation of the EtherRocks was inspired by the Pet Rock toy craze in 1975 and only 100 ETHRocks will ever exist. NFTs use crypto assets virtual currency such as Bitcoin to provide a certificate of ownership of the content that cannot be duplicated.

What better way to accomplish this than through a fully decentralized marketplace for buying and selling at prices determined wholly by the artists. Money for example is fungibleyou can exchange a. What could NFTs do for the music industry.

The asset was a 36-second. ETHRocks is basically a collection of digital rocks tokenized on the Ethereum blockchain. NFTs makes it possible to add value to things that exist on.

The non-fungible tokens. An NFT is a non-fungible token that represents ownership of a digital asset such as a song photo video clip or digital artwork. Artists will have the choice of the minimum value an NFT is sold for and a percentage commission on future sales.