Uploaded on Feb 21, 2022
This presentation briefly explains the best NFT music marketplaces and other emerging marketplaces that good for booming artists and content creators.
The Best NFT Music Marketplaces
The Best NFT
Music
Marketplaces
VARDHAMAN INFOTECH
What is NFT?
The term "non-fungible" simply indicates that it is one-of-a-kind and
cannot be replaced. A bitcoin, for example, is fungible, meaning you
can exchange one for another and obtain the exact identical item.
Most music NFTs are part of the Ethereum blockchain. Ethereum is a
cryptocurrency, like bitcoin or dogecoin.
NFT Music Marketplaces
Nifty Gateway
Origin Protocol
OpenSea
SuperRare
Rarible
Nifty Gateway
Nifty Gateway has handled nearly half of all music NFT sales to date.
At the same time, it is perhaps the most hardest to gain admitted to,
due to its emphasis on catering to top-tier authors.
Type of Blockchain Ethereum
Payment Types ETH, Debit Card, & Credit Card
Platform Fees 5% + $ 0.30 on Every Secondary Sales
Perfect for Highest Caliber Artists & Celebrities
Auction Style Buy It Now, Timed and Silent
Royalties for Secondary Sales Subject to Customization
Origin Protocol
Last year, Origin Protocol was the second largest marketplace in
terms of music NFT sales, and it also became an official partner of
Amazon.
The strategy in this case is concentrated on a greater degree of
customization of the NFT product, as well as attempting to achieve
reduced costs and make it more accessible to all sorts of producers.
The platform's goal is to become a market leader in powering
decentralized and peer-to-peer markets.
Type of Blockchain Ethereum
Payment Types ETH, DAI, OGN
Platform Fees 5% + $ 0.30 on Every Secondary Sales
Perfect for Tech and Crypto Users
Auction Style Highly Customizable
Royalties for Secondary Sales Highly Customizable
OpenSea
OpenSea is the world's largest marketplace for crypto collectibles
and NFTs, and its music NFT area is without a doubt one of the most
growing and active in the field.
It is accessible to everybody, and after making an account, you may
enjoy creating and selling NFTs without paying the gas fees, which is
quite useful for makers on a tight budget.
Type of Blockchain Ethereum
Payment Types ETH, WETH, DAI
Platform Fees 2.5%
Perfect for For a Creator of Any Size and Budget
Auction Style Buy It Now and Timed Auctions
Royalties for Secondary Sales Subject to Customization
SuperRare
SuperRare is a curated digital art site that has been working hard to
enhance and maintain their music NFT section.
As with Nifty Gateway, the application procedure is highly selective,
and it is not easily available to all sorts of authors.
Type of Blockchain Ethereum
Payment Types ETH
5% to the Gallery + 3% to the
Platform Fees
Marketplace
Established & Well-Known Artists and
Perfect for
Creators
Scheduled Auctions, Reserve Auctions,
Auction Style
Open-Ended Offers, Buy It Now
Royalties for Secondary Sales 10% of Every Secondary Sale
Rarible
Rarible is another widely accessible marketplace that, despite its
initial concentration on digital artwork treasures, is experiencing a
surge in the volume of music NFT transactions.
Type of Blockchain Ethereum
Payment Types ETH, WETH, DAI, RARI, ATRI
Platform Fees 2.5%
Perfect for Creators of All Sizes and Budgets
Auction Style Buy It Now, Open-ended Offers
Royalties for Secondary Sales Subject to Customization
Innovative NFT Music Marketplaces
to Look Out for in 2022
Opulous
Audius
One Of
Opulous
Ditto Music's Opulous platform aims to build an environment in which producers and their
fanbases may profit together. The idea is that Opulous would allow creators to sell NFTs with
embedded royalties from a specific song or album, letting fans to become direct stakeholders in
the musical product and significantly affecting the fanbase's music marketing incentives.
Type of Blockchain Algorand
Payment Types $OPUL
Perfect For Creators & Artists Who Want to
Strengthen their Bond with their Fans
Audius
Audius is a music streaming service that compensates artists for
streams generated by individual customers who play their music
directly. Audius generates the content's timestamps, allowing artists
and fans to become decentralized node operators that maintain the
network. The platform intends to become the undisputed leader in
"B-Side," or behind-the-scenes content bundling, and we will
undoubtedly see more of Audius following their relationship and
integration with TikTok last year.
Type of Blockchain Ethereum & Solana
Payment Types $AUDIO
Perfect For Creators & Artists Who Want to
Strengthen their Bond with their Fans
One Of
One of these is a Quincy Jones-backed music NFT exchange that
claims to be a lower-cost and greener alternative to what's already
available. One of them uses the Tezos blockchain, which is
significantly more democratic in terms of energy use than the regular
Ethereum blockchain. The exchange concept is connected to
generating a diverse range of purchasing alternatives, allowing even
a low-budget fan to participate in the music NFT world, and
attempting to stimulate widespread mainstream acceptance of this
technology in music.
Type of Blockchain Tezos
Payment Types Debit Cards & Credit Cards
Perfect For Creators & Artists Who Want to
Strengthen their Bond with their Fans
About Vardhaman Infotech
Vardhaman Infotech is a subsidiary of "Vardhaman Infotech Pvt. Ltd,"
a well-known India-based web and mobile development company,
specializing on Blockchain application development. We were
founded in 2013 by a group of devoted and enthusiastic individuals,
and our expertise in Blockchain solutions has allowed us to grow
significantly. With cost efficiency and solid commitments, we have
grown to be a market leader in our market verticals to date. We've
worked with and studied the latest blockchain technology, allowing
us to apply IT creatively in specialist sectors and provide value to our
clients. We combine our creative ideas to create Advanced,
Adequate, and Accessible services.
Contact Us for NFT
Development
E-Mail ID :- [email protected]
Call Us On :- +91- 89559 53845
SKYPE ID :- vardhamaninfotech1
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