It differs from a normal digital ticket or a downloaded file in that it cant be copied.

What is the nft craze in the music industry. For the past few months the entire industry has been raving about non-fungible tokens NFTs which are digital collectibles stored on the blockchain and can represent anything from. Ticket sales for concerts virtual and physical sample packs previews of unreleased songs and art. The NFT consists of still images of a rock which are all identical in design and shape but with different color tones.

The creation of the EtherRocks was inspired by the Pet. Artists will hold the ownership rights to their NFTs through the use of their private keys. Think of it as a digital certificate of authenticity.

What better way to accomplish this than through a fully decentralized marketplace for buying and selling at prices determined wholly by the artists. The NFT consists of still images of a rock which are all identical in design and shape but with different color tones. 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.

An NFT is a non-fungible token that represents ownership of a digital asset such as a song photo video clip or digital artwork. NFTs use crypto assets virtual currency such as Bitcoin to provide a certificate of ownership of the content that cannot be duplicated. 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.

The creation of the EtherRocks was inspired by the Pet Rock toy craze in 1975 and only 100 ETHRocks will ever exist. 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 iconic music artist talks about his Your Token Boy collection as part of the new Non-Fungible Token NFT wave seen as the future in digital for the music industry. Interestingly the very first rock sold for 00999 ETH worth around 300 at that time. What could NFTs do for the music industry.