Introduction
The tech world, particularly cryptocurrency and NFTs, has experienced an explosive rise. From virtual reality yachts selling for millions to $91.8 million spent on "The Merge"—the most expensive NFT sold—we're stepping into a new digital era.
Google Trends data shows a massive surge in NFT interest over the past year. This trend is expected to grow as we shift further into the digital space.
Artists like Grimes, Kings of Leon, and electronic music producers such as Steve Aoki, 3LAU, and Deadmau5 have pioneered music NFTs, making them highly popular.
This guide covers:
- Where to buy music NFTs
- Their underlying value
- Why you should invest
What Are Music NFTs, and Why Are They Valuable?
A music NFT represents digital ownership of music art, providing proof of ownership for beats or audio files.
Key Value Drivers:
- Rarity – Like limited-edition items, scarcity drives value.
- Fan Rewards – Artists can offer exclusive experiences to superfans.
- Royalty Tracking – Copyright owners earn resale revenue via smart contracts.
👉 Discover top NFT marketplaces
Where to Buy Music NFTs
Option 1: Crypto Wallets & Marketplaces
Steps:
- Set Up a Crypto Wallet (e.g., MetaMask for Ethereum).
- Buy Cryptocurrency (Ethereum is most common).
- Choose a Marketplace (e.g., OpenSea, Rarible).
How to Buy on OpenSea:
- Browse listings.
- Check price history and authenticity.
- Pay via "Buy Now" + gas fees.
- NFT transfers to your wallet.
Option 2: Fiat-Friendly Platforms
Platforms like Royal.io let you buy royalty shares without crypto:
- Artists sell % royalties as tokens.
- Tokens include perks (e.g., unreleased tracks).
- Resell tokens on secondary markets.
Other platforms:
Why Buy Music NFTs?
- Support Artists Directly – Bypass traditional labels.
- Royalty Earnings – Earn from song revenue.
- Creative Rights – Use audio files commercially.
Example: Producer Guy J sold 50% royalties for 40 ETH (~$120K).
FAQs
1. Are music NFTs a good investment?
Yes, if you believe in the artist’s growth. Early investments can yield high returns.
2. Can I resell my music NFT?
Absolutely! Platforms like OpenSea and Royal support secondary sales.
3. Do I need crypto to buy NFTs?
Not always. Platforms like Royal accept credit cards.
4. How do artists benefit?
They retain control, earn resale royalties, and engage fans directly.
Conclusion
Choosing where to buy music NFTs depends on:
- Preferred payment method (crypto/fiat).
- Artist availability.
- Platform features.
Research thoroughly and invest in artists you trust. The future of music ownership is here—will you be part of it?