by Parry | Jan 30, 2022 | General
Below I discuss six artists growing their success in the NFT game: 3LAU Illmind Eminem Mike Shinoda (Linkin Park) Post Malone The Weeknd 3LAU 3LAU, also known as Justin Blau, is a DJ who’s accumulated over one billion streams across Spotify, SoundCloud,...
by Parry | Jan 23, 2022 | General
Below I discuss three platforms designed for musicians to launch their NFTs: Opulous RCRDSHP DistroKid Opulous Opulous is the first platform to launch music copyright NFTs with royalties built in. When a fan buys music as an NFT, Opulous gives that fan the opportunity...
by Parry | Jan 16, 2022 | General
Once you have created your NFT, the next step is to mint it. Minting means publishing an NFT on the blockchain so that it can be purchased. In a nutshell, the process of minting involves: Creating a wallet, e.g MetaMask Purchasing crypto (Ethereum) to cover the costs...
by Parry | Jan 9, 2022 | General
Given, then, that I believe NFTs are worth exploring further: How might a musician make money and/or build a community with them? There are a number of resources to help musicians to get started with NFTs. I talk about OpenSea, which describes itself as “the...
by Parry | Jan 2, 2022 | General
Are NFTs worth bothering with? First, it’s worth asking what success looks like. It could be financial gain, or it might mean stronger relationships with fans, or a combination of the two. I’ve read, watched and listened to multiple sources of information...
by Parry | Dec 26, 2021 | General
Now I’ve explained the basics of what NFTs are and how they work, the next question is how might NFTs change and improve the music industry? NFTs are becoming more and more prevalent in music. More artists are using them. Their fans buy them, which then...
by Parry | Dec 19, 2021 | General
NFTs and crypto, specifically Ethereum – the platform and coin with which NFTs are traded – take up energy and therefore affect the environment in multiple ways: Minting and trading NFTs cause no damage to electricity Ethereum, the primary NFT...
by Parry | Dec 12, 2021 | General
What is cryptocurrency? In order to understand NFTs, we need to know what cryptocurrency is. Why? Because NFTs are bought and sold using one particular coin, Ethereum, and both are enabled by blockchain technology. Bitcoin (also known as BTC) was created in 2009 and...
by Parry | Dec 5, 2021 | General
In order to make money or build a community with NFTs, we need to understand blockchain, which is the technology underpinning such tokens. Blockchains enable and keep track of transactions. They are distributed databases shared among a number of computers within a...
by Parry | Nov 28, 2021 | General
Over the past couple of weeks, I’ve begun my research into NFTs and have found the following: Many big names, not just in music, have started to familiarise themselves with or promote the use of NFTs. For example, Gary Vee (Gary Vaynerchuk) has dived into this...
