How do you sell beats as an NFT?
How To Sell Your Beats as Music NFTs (For Producers ... - YouTube
NFTs, or non-fungible tokens, are a type of digital asset that is stored on a blockchain. NFTs are unique and cannot be replicated, making them ideal for storing artwork, videos and music. When an artist creates an NFT of their work, they can set it to sell for a certain price.
Once your music NFT is listed on OpenSea, shoppers can either bid on your auctions or buy your NFT instantly for the listed price, or they can make you an offer. You can then choose to accept or ignore the offer or make a counteroffer. You are now well on your way to selling music NFTs on OpenSea.
Selling an NFT is simpler than it might seem
While there are a lot of things to keep in mind, the process itself isn't so bad once you do your research and due diligence. Just make sure you look into your options in terms of platforms, auction settings, and payment-related issues like fees and gateways.
- Submit Your Catalog. Create an account and submit your music through our online portal.
- We Create the NFT. We'll create an NFT for your music and get it on the blockchain.
- Weigh Your Options. You'll have investors making offers for your music and you can choose to accept or decline.
- The Merge - $91.8 million.
- The most expensive NFT in history is actually a series of NFTs, selling for a eye-watering $91.8m price tag in December of last year. ...
- Breaking record after record, the world of NFT art really smashed it last year.
| Pros | Cons |
|---|---|
| Provide unique investment opportunities for music fans. | Blockchain platforms may be vulnerable to hacks or even collapse. |
| Easily purchased and sold with a digital wallet. | The NFT market is highly speculative, with a risk of volatility. |
These minting prices aren't fixed: they can be higher or lower depending on the function you seek to perform. The first fee you'll pay as a first-time creator is used to initialize your account. As of April 2022, this fee typically costs $70 to $300. The second fee used to grant access to your account costs $10 to $30.
Producers can now sell beats directly to buyers as music NFTs. Thanks to NFTs' immutability, end-users purchase these beats on-chain and use seamlessly or hold them for profit on resales. Music producers get to earn a royalty on every resale.
- Hone your songwriting craft — write every day, record demos, build your catalog and track record.
- Constantly learn about music.
- Partner with up-and-comers, including other songwriters and artists.
- Collaborate with signed writers. ...
- Build your network.
What is an audio NFT?
Audio NFTs are the digital equivalents of artist merchandise from which the artists can get royalty forever. Non fungible tokens or NFTs are non-replaceable digital goods and assets that are represented on a blockchain (typically Ethereum). The beauty of NFTs is that no one can tamper with it once it is created.
- Bandcamp.
- ReverbNation.
- CD Baby.
- Sellfy.
- TuneCore.
- Ditto Music.
- Fiverr.
Why? Because NFTs have no value other than what someone else will pay.
- Promote on Instagram. ...
- Use Appropriate Hashtags. ...
- Join Discord Servers. ...
- Promote NFTs on Reddit. ...
- Hire an Influencer to Promote Your Artwork. ...
- Promote NFTs on Telegram Channels. ...
- Use Paid Advertising.
Listing the nft can cost $60 to $100, and 15% platform fees can cost up to $45.
- Your own website. Having your own beat selling website is the most ideal because it shows how professional you and your brand are. ...
- Airbit. ...
- 3. Facebook. ...
- YouTube. ...
- Twitter. ...
- SoundCloud.
- Build a Catalog of High-Quality Beats. Create Music for a Variety of Music Genres. ...
- Build a Beat Selling Website. ...
- Build an Email List. ...
- Promote Your Beats Online. ...
- Create Content to Attract Music Artists. ...
- Contact Music Artists Directly. ...
- Use Beat Selling Marketplaces. ...
- Bonus Tip: A/B Test Your Beat Website.
Non-fungible tokens, often referred to as NFTs, are blockchain-based tokens that each represent a unique asset like a piece of art, digital content, or media. An NFT can be thought of as an irrevocable digital certificate of ownership and authenticity for a given asset, whether digital or physical.
