{"id":1379,"date":"2022-12-17T12:37:00","date_gmt":"2022-12-17T11:37:00","guid":{"rendered":"https:\/\/cryptandco.com\/?p=1379"},"modified":"2023-01-18T17:48:25","modified_gmt":"2023-01-18T16:48:25","slug":"musical-nfts-what-they-are-and-what-to-know","status":"publish","type":"post","link":"https:\/\/cryptandco.com\/en\/nft-musicali-cosa-sono-e-cosa-sapere\/","title":{"rendered":"Musical NFTs: what they are and what to know"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"1379\" class=\"elementor elementor-1379\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6262df71 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6262df71\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4880166c\" data-id=\"4880166c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6147201e elementor-widget elementor-widget-text-editor\" data-id=\"6147201e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Music is perhaps the most complete art form, since it allows for a personal journey. It evokes memories, we associate it with important moments in our lives, a first kiss as well as an exchange of views, perhaps different ones, or a simple outing with friends.<\/p><p>Music is art, that is its hallmark, which has returned strongly to the forefront with the <b>Digital Revolution<\/b>: could it possibly have emerged unscathed and uncontaminated? Absolutely not!<\/p><p>The <b>NFT music<\/b> represent one of the most interesting phenomena of contemporary times in the cultural sphere. Something where <b>music finds new visibility<\/b> and centrality precisely as a work of art, unique, unrepeatable and even exclusive. In this article we tell you more about it.<\/p><div><h2>NFT and music: how it works<\/h2><div>\u00a0Let's start by trying to understand <b>what is a<\/b> <b>Musical NFT<\/b>. The term NFT stands for. <b>non-fungible token<\/b> and denotes a kind of digital \"token\" that is stored on blockchain-the technology that makes it possible to certify the ownership and authenticity of any digital artwork.<\/div><div>\u00a0<\/div><div>A musical NFT is therefore a <b>exclusive creation<\/b> usable in the circuit of the specific virtual platform, the one that revolves precisely around the blockchain. Each NFT has a <b>smart contract recorded in the blockchain<\/b>, which basically establishes the uniqueness of the individual musical product. Therefore, each work can be produced serially and according to different solutions.<\/div><div>\u00a0<\/div><div>Blockchain is the typical technology of the <b>cryptocurrency<\/b>: Indeed, it is through the adoption of a specific cryptocurrency that the exchange of artworks takes place. In order to purchase musical NFTs, it is necessary to have a <b>wallet<\/b>: a digital wallet equipped with the typical cryptocurrencies of that platform.<\/div><div>\u00a0<\/div><div>The most widely used virtual currency is <b>Ethereum<\/b>, but payments can also be made by credit card. Activating a wallet is not difficult; simply download the appropriate software directly from Google Chrome, linking it to your profile on the platform.<\/div><div>\u00a0<\/div><div>Each musical NFT presents a <b>double certificate of authenticity<\/b>, the one for those who conceived it and the one for those who acquired it. There is no question about physical and intellectual property. A system that also gives rise to the prevention of fraud.<\/div><div>\u00a0<\/div><h2><b>Many artists have relied on this system<\/b><\/h2><div>\u00a0Music NFTs have been able to answer some of the central contemporary questions for those working in music itself:<\/div><div>\u00a0<\/div><div><ul><li><b>Revenues have potentially decreased and not a little for artists<\/b>, especially for those not counted in the big category. Suffice it to say that for each stream Spotify pays $0.003. Not surprisingly, it is only 0.02% of performers who have earnings that exceed $50,000 per year. It takes a truly remarkable audience and popularity to achieve this.<\/li><li><b>To have complete control over their works are only the great artists<\/b>. Everyone else is forced to make compromises and, as a result, limit their creativity, even their personal identity.<\/li><li>Crucially affecting musicians' income was the <b>CD market collapse<\/b>, which guaranteed even large fixed amounts for musicians.<\/li><li>With the pandemic are <b>sharply decreased events<\/b>: Many musicians thus found themselves without an income, rather quickly. A situation that is seeing a steady recovery, fortunately.<\/li><\/ul><\/div><div>No wonder, then, that artists who find themselves making musical NFTs are on the rise. It is a phenomenon that affects even the most established ones, who are able to ride a successful trend by proving themselves in step with the times.<\/div><div>\u00a0<\/div><div>Some names? We'll give them to you right now. Among the Italians, we point out Davide Dileo (better known as <b>Boosta<\/b> <b>of<\/b> <b>Subsonica<\/b>) e <b>Morgan<\/b>. Among the international big names, one name that has caused a stir is that of Eminem, a world-renowned rapper.<\/div><div>\u00a0<\/div><h2><b>Musical NFT: advantages and disadvantages<\/b><\/h2><div>Musical NFTs have multiple advantages, <b>Generating new opportunities for emerging artists<\/b>. A system through which to become known and noticed, including by important people and therefore able to give additional visibility even in the real world, not only in the virtual one.<\/div><div>\u00a0<\/div><div>Getting known is not easy, on the other hand. It is, in fact, still a sea full of fish, we might say, and to be claimed most vociferously are the very works of those who are already known. Being, however, <b>the system revolving around blockchain by its nature decentralized and equal<\/b>, there is definitely no shortage of opportunities. Not only that, precisely by virtue of a <b>broad community<\/b> and marked by sharing are greater opportunities to achieve partnerships with those who are already established.<\/div><div>\u00a0<\/div><div>For artists who belong to the <b>big<\/b>, on the other hand, musical NFTs undoubtedly represent a new, undiscovered and even viable market for relaunching. A way to resume a thread of discourse that has been interrupted for many by the pandemic, but also, in some cases, due to a period of creative blockage.<\/div><div>\u00a0<\/div><div><b>Blockchain is still young, in its introduction<\/b>. Its mechanisms are yet to be defined and under evaluation: it is a more fluctuating market than the traditional one, in which it always remains difficult to be able to derive income when one is not already of the environment.<\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Music is perhaps the most complete art form, since it allows for a personal journey. It evokes memories, we associate it with important moments in our lives, a first kiss as well as an exchange of views, perhaps different ones, or a simple outing with friends. Music is art, this its signature ... <a title=\"Musical NFTs: what they are and what to know\" class=\"read-more\" href=\"https:\/\/cryptandco.com\/en\/nft-musicali-cosa-sono-e-cosa-sapere\/\" aria-label=\"More on Musical NFTs: what they are and what to know\">Read more<\/a><\/p>","protected":false},"author":12,"featured_media":1478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[17,16],"class_list":["post-1379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-regolamentazione","tag-musica","tag-nft"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NFT Musicali: informazioni utili - Crypt&amp;Co<\/title>\n<meta name=\"description\" content=\"Come possono impattare gli NFT nel mondo della musica? 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