Bringing power back to the artists
The Future of Music
Music NFTs are helping composers, bands, and musical artists connect and interact with their listeners in new ways.
Selling music and related artwork via the blockchain is a way for an artist to forge a direct relationship with a fan base without the need for a record label or music-streaming service; who often take 90% of the artists revenue!
At EARSHOT, our mission is to make sure artists are properly paid.
The Benefits of Music NFTs
Getting Technical About Music NFTs
NFT stands for "non-fungible token," a type of digital certificate encoded into a blockchain network — we use the Ethereum network — that guarantees ownership of a unique asset.
Something is non-fungible if it is truly unique and cannot be replaced by another thing just like it. For example, the original recording of a piece of music is non-fungible, but copies of it sold (such as a digital download or a physical album) are fungible because one copy could be replaced with another identical to it. This means, when you're buying exclusive Music NFTs, they cannot be copied and you will own a piece of that artists music.
A music NFT is a certificate of ownership of a unique musical work that can be sold to another party. The owner has the exclusive right to determine how the composition is used. The term "NFT" is applied to all sorts of fungible tokens (meaning multiple copies exist and are owned by various parties) secured on a blockchain that grant the owner the right to music, album art or videos created to accompany music, or some other exclusive access to content.
Strict definitions aside of what makes for a non-fungible vs. fungible token, music NFTs are helping composers, bands, and musical artists connect and interact with their listeners in new ways.