A music NFT begins with a creator when he makes music and records it. But there’s a whole road after the initial recording that you need to follow. We will show you the steps how to mint, sell, and get the most publicity out of your music NFT. However, all in Web3 style.
As an artist, you want your music to get out there. NFTs are a great vehicle to do that with. The music NFT lifecycle has four steps. Let’s have a look at what they are.
1/🧵lifecycle of a music nft:
1. metadata 🎼
2. mint 📀
3. marketplace 🌛
4. metaverse 🌌
— sweetman.eth 🦇🔊🇦🇷 (@sweetman_eth) August 1, 2022
The Four Steps in the Lifecycle of a Music NFT
We elaborate a bit more on the four steps. Besides being a musician, you also need to be a coder for the first step. For the second step, you have to be a lawyer and businessman. But at the end of the day, you want to get the best possible deal for your art. You worked hard for this, and now it’s time to reap the benefits.
There are many options out there, so you need to do some research. Find out which ones suits you best. This one, in a free license from MIT, has over 40,000 downloads per week.
The next step is to mint your data into an NFT. There’s a lot of information you can add to your NFT besides the actual music. You want to have true creative ownership. But there’s more – how about preserving on-chain provenance? You also want your work exposed to all major NFT marketplaces.
Beyond minting, you want more features in your contracts. For example, royalty management. You want custom contracts. Well, that’s possible. There are various options available.
These platforms offer authenticity and are interoperable. They also offer extensions or “plugins.” For example, you can mint the following NFTs.
- Dynamic NFTs — Colors or layers can change, based on events. Like weather or crypto prices.
- Redeemable or swappable NFTs — The creator receives the original NFT. He returns a new NFT instead.
- Lazy Minting — You don’t need to mint all NFTs in one go.
Manifold Studio: Now open for all 🚀
• No more waitlist
• Native minting of Audio, 3D Models, and HTML NFTs
• Dynamic NFT creation
• Royalties support
• 10x cheaper contract deployments (only 0.05 ETH gas fee)
All FREE! (just pay gas)https://t.co/K2F2AYVr7Q
— manifold.xyz (マ,マ) (@manifoldxyz) December 21, 2021
We all know the usual suspects. The OpenSea platforms of this world. However, sweetman_eth has a Web3 alternative. It puts the creator a bit more in the driving seat. Meet Zora, the NFT marketplace protocol. For example, it’s permissionless and censorship-resistant. They want to give the creators as much power as possible over their art.
Zora offers this in a decentralized way where you are in full control.
Nonetheless, whatever platform you end up choosing, make sure your music is out there. Interoperability is the key word.
They have a desktop and mobile app which allows you to play music NFTs. Furthermore, it connects to the Ethereum L1 and Polygon L2. This gives you access to various other data, like creation dates.
The app lets you listen to over 500 Web3 artists. Especially, their desktop app is worth looking up. It’s a flashback to the internet look of the 1990s. However, it works with technology from the 2020s. The metaverse is at your feet.
Now you know about the lifecycle of a music NFT in Web3. As a creator, you can stay in full control of your art throughout the whole creation process. That includes the minting, selling, and getting exposure.
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