Do you like music? Here are NFT marketplaces with a focus on music

by James · July 5, 2022

If you are online, you have definitely seen some of the craze around cryptocurrency and NFTs. The smart and lucky enough to come in early with crypto earned a fortune. And now it looks like NFTs could be the next big wave. With countless new marketplaces opening daily, there is no better time to enter the first floor. And with almost unlimited options, you can find something that suits your personality and your needs. In this article, we will take a look at some of the best NFT marketplaces that focus on music.

Table of Contents

What are NFTs?

Before we dive too deep into the world of musical NFTs, we must first gain a concrete understanding of what NFTs are. NFTs, or non-fungible tokens, are essentially a completely unique work of art or identification. NFTs can take on any number of styles, each completely unique and tailored to the owner’s choice. While cryptocurrencies like Bitcoin are considered fungible, NFTs are the opposite. Almost like a birth certificate.

And before anyone asks, no, you can not just screenshot or download an NFT online. Each NFT comes with its own unique serial number, which marks it as completely unique. This means that when you own an NFT, it is yours. Value comes from demand, so since more people want the NFT you have, the more you can sell it for.

What are music NFTs?

Music NFTs, as the name implies, are a non-fungible token that gives ownership to unique musical work. Music NFTs allow artists to connect and interact with listeners in a whole new way. Artists decide what they want to release as an NFT, whether it’s merch, a sound clip, etc. They announce the sale, decide the selling point, and then diehard fans can buy NFTs, and then have full control over what they do with that part. of the content. They can store, sell or do whatever they want with the NFT they own.

Now, here are some of the best marketplaces for music NFTs:

Our first entry for NFT marketplaces for top music is the largest NFT marketplace as a whole. Since its inception in 2017, OpenSea has had over $ 500 million in sales in the marketplace. Not exclusively for music, you can find all kinds of NFT you can think of on OpenSea. That said, there are countless artists and musical NFTs on the platform. The site is extremely user-friendly and provides in-depth statistics on your collection and its value. OpenSea also offers a lazy mint feature that allows users to list and sell their NFTs without paying the standard ETH fee. All in all, OpenSea is one of the best NFT marketplaces for all types of NFTs, including music.

Sound.xyz

Next on our list is Sound.xyz, an NFT marketplace exclusively for new artists. New and growing artists can use Sound.xyz to release limited NFT content to fans. By connecting these upcoming artists directly to their fans, Sound.xyz is quickly building a name as a top marketplace for music NFTs.

By using the Polygon blockchain, Mint Songs helps bring back some of the nostalgia for the music collection. Mint Songs lets artists turn their content into exclusive NFTs without ETH fees. Fans of the artist can then purchase these NFTs and build their collection of songs almost like a record collection. So, when the song’s NFT is under your ownership, you can sell, exchange or collect more at your own discretion. With thousands of artists joining the platform, Mint Songs is one of the best NFT music marketplaces.

Nifty Gateway is another marketplace tailored exclusively for music NFTs. A unique authority controls all new releases and decides when and how often they will be released. Ideal for those looking for specific or rare NFTs, Nifty Gateway has one of the best selections of great artists. Some previous major releases include works by Eminem and The Weekend. The Nifty Gateways website boasts that users can save over 70% on ETH mining fees, and even offers the opportunity for lesser-known creators to create their product. Overall, Nifty Gateway is one of the best options for music NFTs.

Crypto.com

Last but certainly not least is Crypto.com. One of the biggest names in the crypto industry, the site also has a massive NFT marketplace. Along with music, Crypto.com offers a variety of games, art, sports and much more. The site allows both artists and customers to buy, sell and exchange music NFTs with each other. One of the biggest benefits of Crypto.com is also the ability to easily pay with cryptocurrency in your account. With low fees, a massive marketplace and a user-friendly website, Crypto.com is one of the biggest names in NFTs.