Thank you for sharing your thoughts and knowledge! There's just one point I see no one talk about and I think it's important to mention to objectivize the debate for artists : going into the NFT world depends closely on the type of audience that follows you. If my audience is on average 50 year old women, I doubt that I would ever succeed with NFTs. It's not something everyone can get into or would be interested in, I believe.
Well, possibly the Market will be informed enough to realize this new way of trade... especially for collectors. So the Golden Oldies may not be the early adapters, think just like Social Media they're on it now ~ so like Tom says, let's test the Marketplaces n see which ones are best for us. Just minted + listed my 1st NFT today on OpenSea.... Still doing research 🌐
I've turned into a huge fan of MVerse. MVerse is a music platform that uses blockchain technology to improve the way music is consumed and monetized. You guys can research it to get some more info.
Gold as always man. I really want to get into this big time but building that audience is the first step and I know I'm slacking when it comes to organic growth and regular posts.
@@tomdupreeiii still a good way to build a more engaged audience if you can do it via NFT platforms. It's all about the long game..which I need to play better 😂
Are there any resources where you can understand the publishing part of music nft's? If it's like a vinyl/ collectors item, you can still publish the song on streaming ect like normal + sell an nft version, yes? These domains do not conflict?
The argument I struggle with is the (main) argument that NFTs are like a limited edition of a piece of art. In the real world, it's simply not: everybody have access to these pieces of music we're releasing on all those streaming platforms. So it has nothing exclusive in "reality", which is not the same as owning a limited edition vynil because only the few who do own it can listen to it. The argument is only true in the digital world, but really who cares that the information is in the block chain since everyone can still enjoy the music in the exact same way than the owner? Am I missing something else?
The way I’m understanding it is that you’ve got all these crypto investors that have made more money than they know what to do with. And just like someone with money or a collector wants an exclusive piece of art on their wall that they can show off and talk about when ppl come over, they can now say they have an exclusive piece of digital property. Your music may be available by streaming it now but maybe one day your music is not available from streaming for any number of reasons, that exclusive still belongs to the owner and is now essentially a digital vinyl. (Just like how copy prints are sold of an art work but there’s only one original). we all have that one Artist or song that we can’t find anywhere but wish we could hear that song many years later. There will be people out there who still own copies of it just like owning the cd or vinyl. Someone can definitely correct me if I’m wrong, but this is how I’m understanding it.
@@Planet777Drool So u'd never wanta own da Mona Lisa, cause people can view copiez? Itz an nvestment. U have proof, dat u have an original, no matter how many copiez there r. I'd NEVER wanta own a Lambo, cause there just 2 many of em, out there now. SMH
Okay, but these wallets probably don’t have all the benefits of for instance Spotify. And how do I get all my NFT tracks in the same place/tracklist? It seems like a lot of hassle/steps for a buyer to buy NFT’s. As long as it is not a one click buy/listen experience this won’t fly imo…
thanks for the informative video. trying to research copyright rules on creating an NFT parody karaoke collection.. any ideas where to look/research that? (can i make a music video - all original video, only thing taken is the instrumental music and the lyrics which are slightly changed to make it parody/comedy)
Would you be able to take a 70+ year old classic song that’s copyrights expired and “press a digital vinyl” of that song. Then you would be the owner of that song as a nft?
@@tomdupreeiii I totally agree, just thought of it from a technical point. I would definitely only make original nft music. Thanks for the great video brother.
@@tomdupreeiii Yes this is the ethical choice for sure, but the real question is that is it still doable without facing any legal issues? Because as a musician, I now have a worry that someone could take an audio copy of a piece of mine available to them in the conventional platforms and register it as an nft? This would be the first version of that piece in the blockchain, so the thief would become the first owner and the real authors would be forced to buy the nft from the thief. If there is a such risk, then the musicians have to register al their pieces as nfts before someone else does!
Thank you so much, really. What kinda keeps me not diving inside is the Fact, that I kinda can't tell for which price to mint, grrrr...Should I make a Collection of an EP...What about Royalties?
Yeah, it usually tends to be the song at this point, but some platforms have already started to branch out in new ways that serve music. For example, Fanfare (fanfare.fm) has recently added the ability to mint music videos as NFTs, and Mint Songs (mintsongs.com) has just added a feature that allows you to sell posters. Both very cool and worth checking out!
I have a question. Would one route to selling music as an nft be to make a rotating nft then add the music clip into that? Reason I ask, i suggested to a music artist about making music nfts. They were wondering about sending me the music and i make a 3d rotating nft but add the music in it.
@@tomdupreeiii Thanks. I do have a few animated ghostly kittens in my collection, but extending the length for the whole music track or just a clip is easy to do. I'm not a music artist myself. :D
Hi Tom this was super helpful thank you. Quick Q: in terms of credibility and increasing how much you can sell an NFT for, is it about being active on Discord and Twitter (kinda like social media where the more followers you have the wider the fan base)?
some youtubers say that nft should be unique, so they take a image from internet, make it unique by modifying it and upload as nft. so is it okay if I take beats from youtube (free for profit) , make rap song and upload it as nft????
Hi Tom! Thank you very much for the content, I just suscribed, excelent channel!! I have a question: what about covers? Is it valid to make a music NFT of a cover? than you!
Yeah ok. I just worked the NYCNFT24 as an audio engineer. Not a good idea. If your music is good and you’re a good artist, the universe will find you. Otherwise, I'd rather take my chances in Vegas.
Check out solmusicnft! (Soft shill), great example of how smaller “on the rise” artists can use NFT tech to accelerate. Still bullish on music NFTs even rn when NFTs don’t have the best public view 😂 cheers mate, great vid
Very interesting. Thanks for sharing.
Thank you for sharing your thoughts and knowledge! There's just one point I see no one talk about and I think it's important to mention to objectivize the debate for artists : going into the NFT world depends closely on the type of audience that follows you. If my audience is on average 50 year old women, I doubt that I would ever succeed with NFTs. It's not something everyone can get into or would be interested in, I believe.
Well, possibly the Market will be informed enough to realize this new way of trade... especially for collectors. So the Golden Oldies may not be the early adapters, think just like Social Media they're on it now ~ so like Tom says, let's test the Marketplaces n see which ones are best for us.
Just minted + listed my 1st NFT today on OpenSea....
Still doing research 🌐
Yeah like snoop dog
Love this. Very detailed. The best explanation online, regarding NFTs and NFT resources. Very well done !
Thank you! I’m glad you enjoyed it.
I've turned into a huge fan of MVerse. MVerse is a music platform that uses blockchain technology to improve the way music is consumed and monetized. You guys can research it to get some more info.
I'll check it out. Thanks for the recommendation!
Gold as always man. I really want to get into this big time but building that audience is the first step and I know I'm slacking when it comes to organic growth and regular posts.
Yeah having an already-built-in audience will help your NFT sales tremendously!
@@tomdupreeiii still a good way to build a more engaged audience if you can do it via NFT platforms. It's all about the long game..which I need to play better 😂
Thanks you for ur content my friend, big big from Brasil
My pleasure! Thanks for watching!
SOUND BSC
SOUNDbsc is the one to watch right now.. Crypto and NFTs in the music industry
Thanks for the heads up. I'll check it out.
Lol stop shilling.
Let’s go man, appreciate you 🙌
Man, absolutely! 🚀
Are there any resources where you can understand the publishing part of music nft's? If it's like a vinyl/ collectors item, you can still publish the song on streaming ect like normal + sell an nft version, yes? These domains do not conflict?
No these domains don't conflict. Unless you are expressly giving away the rights to your song, you maintain ownership.
SOUNDbsc is the one to watch right now.. Crypto and NFTs in the music industry
Haven't heard of this one. I'll look into it. Thanks for the suggestion.
@@tomdupreeiii worth looking into ^?
Thanks, will check 🔎
Excellent video. Clear and concise. Happy to subscribe.
Awesome, thank you!
What is your thought on putting a music publishing co. into NFT , is this something you can help me with?
Could be cool! Not something I have the bandwidth to help with but might be worth pursuing.
The argument I struggle with is the (main) argument that NFTs are like a limited edition of a piece of art. In the real world, it's simply not: everybody have access to these pieces of music we're releasing on all those streaming platforms. So it has nothing exclusive in "reality", which is not the same as owning a limited edition vynil because only the few who do own it can listen to it.
The argument is only true in the digital world, but really who cares that the information is in the block chain since everyone can still enjoy the music in the exact same way than the owner? Am I missing something else?
That’s literally my exact question for all NFTs. Y spend millions of dollars on something I can screenshot?
The way I’m understanding it is that you’ve got all these crypto investors that have made more money than they know what to do with. And just like someone with money or a collector wants an exclusive piece of art on their wall that they can show off and talk about when ppl come over, they can now say they have an exclusive piece of digital property. Your music may be available by streaming it now but maybe one day your music is not available from streaming for any number of reasons, that exclusive still belongs to the owner and is now essentially a digital vinyl. (Just like how copy prints are sold of an art work but there’s only one original). we all have that one Artist or song that we can’t find anywhere but wish we could hear that song many years later. There will be people out there who still own copies of it just like owning the cd or vinyl. Someone can definitely correct me if I’m wrong, but this is how I’m understanding it.
@@Planet777Drool
So u'd never wanta own da Mona Lisa, cause people can view copiez?
Itz an nvestment.
U have proof, dat u have an original, no matter how many copiez there r.
I'd NEVER wanta own a Lambo, cause there just 2 many of em, out there now.
SMH
So as a buyer, how do I listen to a music NFT? Do I need a specific player? Do I get a mp3 that I can play in the music player of my choice?
You can listen to them in a lot of different places, your wallet for one!
Okay, but these wallets probably don’t have all the benefits of for instance Spotify. And how do I get all my NFT tracks in the same place/tracklist? It seems like a lot of hassle/steps for a buyer to buy NFT’s. As long as it is not a one click buy/listen experience this won’t fly imo…
thanks for the informative video. trying to research copyright rules on creating an NFT parody karaoke collection.. any ideas where to look/research that? (can i make a music video - all original video, only thing taken is the instrumental music and the lyrics which are slightly changed to make it parody/comedy)
Love this video. Very good information
Thanks for watching!
Would you be able to take a 70+ year old classic song that’s copyrights expired and “press a digital vinyl” of that song. Then you would be the owner of that song as a nft?
I generally wouldn’t recommend making an NFT of a song you don’t own the original rights to.
@@tomdupreeiii I totally agree, just thought of it from a technical point. I would definitely only make original nft music. Thanks for the great video brother.
@@tomdupreeiii Yes this is the ethical choice for sure, but the real question is that is it still doable without facing any legal issues? Because as a musician, I now have a worry that someone could take an audio copy of a piece of mine available to them in the conventional platforms and register it as an nft? This would be the first version of that piece in the blockchain, so the thief would become the first owner and the real authors would be forced to buy the nft from the thief. If there is a such risk, then the musicians have to register al their pieces as nfts before someone else does!
i used ghostmarket and rarible but i didnt know about holaplex thank ya
No problem!
Thank you so much, really. What kinda keeps me not diving inside is the Fact, that I kinda can't tell for which price to mint, grrrr...Should I make a Collection of an EP...What about Royalties?
Hi Tom Is There a step by step guide or video on How to create music NFT's you can suggest?.
I've got several more NFT vids on my channel. Might be a good place to start!
It seems like the the NFT itself tends to be a song. Do you have thoughts on monetizing other types of content, like album art, music videos etc?
Yeah, it usually tends to be the song at this point, but some platforms have already started to branch out in new ways that serve music. For example, Fanfare (fanfare.fm) has recently added the ability to mint music videos as NFTs, and Mint Songs (mintsongs.com) has just added a feature that allows you to sell posters. Both very cool and worth checking out!
Nice video Tom!
Thanks!
I have a question. Would one route to selling music as an nft be to make a rotating nft then add the music clip into that? Reason I ask, i suggested to a music artist about making music nfts. They were wondering about sending me the music and i make a 3d rotating nft but add the music in it.
Yeah this is a great strategy. Having visual animation in your NFTs can be a big selling point.
@@tomdupreeiii Thanks. I do have a few animated ghostly kittens in my collection, but extending the length for the whole music track or just a clip is easy to do. I'm not a music artist myself. :D
Hi Tom this was super helpful thank you. Quick Q: in terms of credibility and increasing how much you can sell an NFT for, is it about being active on Discord and Twitter (kinda like social media where the more followers you have the wider the fan base)?
That would make sense, bigger brand = bigger sales
some youtubers say that nft should be unique, so they take a image from internet, make it unique by modifying it and upload as nft. so is it okay if I take beats from youtube (free for profit) , make rap song and upload it as nft????
I don't know that it's a binary answer for that one. I would check the individual rights on every beat you use.
Hi Tom! Thank you very much for the content, I just suscribed, excelent channel!! I have a question: what about covers? Is it valid to make a music NFT of a cover? than you!
Hey thank you for the sub! I personally wouldn't mint an NFT of a cover song. I'd recommend only minting NFTs of songs you own the full rights to.
@@tomdupreeiii I agree! thank you for your response!!
Can you make an NFT for an EP? 5 songs) and how expensive is it to create?
Where is the " white paper" on this , Im ready to move but see i need solid education, Im a techy but have found ...do i need to write one?
any update ivideo in 2024 for this?
Yeah ok. I just worked the NYCNFT24 as an audio engineer. Not a good idea. If your music is good and you’re a good artist, the universe will find you. Otherwise, I'd rather take my chances in Vegas.
What about the Nas NFTs. Where you get paid everytime his song plays?
That's on a platform called Royal. It's gated, unfortunately, so I haven't tested it yet.
@@tomdupreeiii okay, thanks for your answer!
I am in heavy OPUL crypto, TONE NFT….speculative but down 40x and when Bitcoin hits $60K again I am hoping for a great💰😀🎉
You look like someone who listens to Jack White.
Check out solmusicnft! (Soft shill), great example of how smaller “on the rise” artists can use NFT tech to accelerate. Still bullish on music NFTs even rn when NFTs don’t have the best public view 😂 cheers mate, great vid
Thanks for watching. I’ll check it out!