What is crypto music?

Congruously, it is the first truly mainstream example of what many in the industry are referring to as “crypto music.” The defining characteristic of crypto music is the use of NFTs. A music NFT could encompass anything from an album, song, piece of merchandise (t-shirts, stickers etc.) or album artwork.

How do I buy a crypto music NFT?

Owning an NFT or a portion of an NFT establishes genuine ownership an item crypto music or audio NFTs can be purchased either by auction (Christies’, or Sotheby’s) or by direct purchase, using cryptocurrency, this decision is usually made by the artist. 1. Stopping Piracy or Misappropriation of Music

What is the most popular cryptocurrency in the music industry?

Bitcoin is the most popular cryptocurrency, but the tech it runs on — blockchain — is what has the music business so excited. Photo Illustration by Joe Rodriguez; images used in illustration: splitov27 /Adobe Stock (hands & Turntable) Adobe Stock (Bitcoin)

Can cryptocurrencies help musicians make money?

As tours are responsible for 75% of some artists income, many are seeking alternative revenue sources in the form of crypto music. Many musicians including Kings of Leon, Steve Aoki and Shawn Mendes are already exchanging digital art and audio NFT for cryptocurrency to augment their income.