SellBuyMusic Global What are NFTs in music? Can I also Buy it?🙋
What is an NFT? what is nft? NFT stand for Non-Fungible Token. It is a unique digital asset stored on the blockchian. Because of its Non-Fungible feature, which means that there is no way to duplicate the piece without being known, NFT is used as the digital certificate of digital assets. Public interest about buying NFT has soared since NFT breaks down the barrier of which kind of art can be trade in money, and which cannot. Concept that the ownership can be split into pieces and owned by multiple people must have been attractive to people. How NFT is changing Music Industry NFT is bringing a massive change in Music Industry, just like it did to all the other industries. The past profit model of musician depended on streaming or album sales revenue. Spotify generally pays between $.003 and $.005 per stream, meaning you’ll need about 250 streams to make a dollar. Musicians started seeking different way...