NFT Music Stream is utilizing web 3 technology to cut out the middlemen in the music industry, creating a better music experience for both artists and fans with their NFT Music Streamer – the First-Ever NFT Music Streaming Platform.
With NFT Music Stream, investors finally have a way to invest in the music and artists they love through the magic of Web3. NFT Music Stream has developed their own token known as $STREAM which allows investors to directly interact with the audio art they love. On the musician side, they’re making it easy for musicians to directly monetize their following and get involved with web 3 technology. They really answer the question of “How do artists make money from NFTs?”.
An important note on NFT Music Stream… This is not an NFT project selling promises or ideas. They’ve spent over a year developing their platform and thousands of hours of work making it just right. The platform already exists and is ready to stream! In addition, there are rumors of a second version of the streamer coming out soon, which is extremely exciting and promises many new features that haven’t been released yet. If you’re just now hearing about NFT Music Stream, it’s not too late to get involved! In fact, they’ve even secured a highly sought after web 3 domain name in preparation for the second version.
To understand why this music NFT project is so interesting, it helps to start with a zoomed out perspective. NFT technology will revolutionize the music industry because it fundamentally challenges the status quo. Let us explain: the music industry is full of fancy businessmen in suits, record labels, and bureaucracy that stands between the artists (who are actually creating the value) and the fans/consumers, who are enjoying the product (the product being music). The net result of this is fans and audiences paying lots of money, with the artists getting very little financial return and being distant from their audiences, separated by a sort of corporate buffer.
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NFT technology is built on the blockchain. The blockchain technology was originally designed to cut out the middle men in the finance industry and has evolved from there to encompass many different applications. What’s great about NFT Music Stream is that they are taking what blockchain has done for the finance industry and applying it to music by creating a way for creators to directly connect with their fans, without middle men.
MAIN BENEFITS FOR ARTISTS
This enhanced artist-fan relationship creates huge benefits for both parties. From the artists’ side, creators are able to directly monetize their work and keep more of the money that’s generated off the back of their creativity. It also allows artists to more directly connect with their audience and there-by reap the benefits of knowing what their audience wants. It allows them to have better data and to produce pieces that have a better chance of resonating with their audience.
If artists serve their fans well, they’re able to see more of the financial upside from their work and finally have a way to avoid getting taken advantage of. This may not seem like a huge deal when we’re talking about major artists, but this is a life-changing development for less renowned musicians just starting out. How many legends have we lost because some corporate man in a suit that’s a size too big didn’t like the music, or even worse, just didn’t like the artist as a person? By directly connecting musicians to the fans, there’s less of a chance that musicians get discriminated against by those in power and have a more fair and equal shot at making it as an artist.
REWARDS FOR USERS
From the listeners perspective, this changes the game. Consumers have to pay to use services like Spotify or Pandora. NFT Music Stream is like the Spotify of NFTs, with one major difference: Spotify doesn’t reward listeners! NFT Music Stream has a unique ability to reward users for listening to their favorite music through their STREAM token, which can be exchanged for other crypto or used in the NFT Music Stream ecosystem. There are rumors that holders of STREAM are sometimes airdropped rewards just for holding!
LETS INVESTORS GET A TASTE OF THE MUSIC INDUSTRY
The music industry is traditionally a fickle beast to invest in. Often investors’ only recourse is to buy stock in publicly traded companies, which contain a plethora of inefficiencies and a basket of artists. With NFT Music Stream, investors are able to invest in particular artists by buying their specific NFTs. The artist directly benefits and, if the artist continues to gain notoriety and popularity, the investor enjoys holding a piece of valuable art that could potentially be sold at a profit.
HUB FOR MUSIC RELATED NFTS AS WELL AS ACTUAL STREAMING
Music is much more than just harmonious sounds put together. It’s an auditory art, yes, but it also encompasses a wide variety of other art. From band t-shirts to album covers, there are a plethora of other products (digital and otherwise) that are related to the music industry. Music IS culture and these mediums let users connect with that culture in a more intimate way. NFT Music Stream is a hub for digital products related to music, making it a one-stop-shop for music lovers. They also make it easy for artists to create and distribute music NFTs to their audience, taking some of the mystery out of NFTs and making it much more accessible. Why worry about code, when NFT Music Stream has you covered? Empowering musicians to work on their music is what NFT Music Stream is all about.
Conclusion
Music is much more than just harmonious sounds put together. It’s an auditory art, yes, but it also encompasses a wide variety of other art. From band t-shirts to album covers, there are a plethora of other products (digital and otherwise) that are related to the music industry. Music IS culture and these mediums let users connect with that culture in a more intimate way. NFT Music Stream is a hub for digital products related to music, making it a one-stop-shop for music lovers. They also make it easy for artists to create and distribute music NFTs to their audience, taking some of the mystery out of NFTs and making it much more accessible. Why worry about code, when NFT Music Stream has you covered? Empowering musicians to work on their music is what NFT Music Stream is all about.
