Music artist Derevolutions earned three years of his streaming earnings in three days on GameStop NFT

GameStop recently delved deep into the NFT industry when it launched its own marketplace. Appropriately named GameStop NFT, the marketplace facilitates the exchange of NFT artwork, film and music. In the last part, a musical artist on the platform has come forward with an interesting praise for the service. The Derevolutions have put some of their music on the platform, and the group says that it has already earned three years of streaming revenue from GameStop NFT.

It was in a thread on r / Superstonk subreddit that The Derevolutions shared their own experience of distributing their music on GameStop NFT. “In 3 days I have earned 3 years of electricity income. We need about 5 million Spotify plays to make $ 15k. F * ck the obsolete middlemen », it says in the post. The artist does not specifically reveal how much money they have made from selling their money on GameStop NFT, but states that it is far more than they have made from having their music on streaming services such as Spotify and Apple Music over the years.

Spotify, Apple Music and similar music streaming services have built a reputation for not being very artist friendly when it comes to cash payments in terms of number of streams. That’s probably what encouraged The Derevolutions to explore selling their songs on a platform like GameStop NFT in the first place.

It was less than a week since GameStop NFT launched, providing a new place for artists to buy and sell non-fungible assets, including art, music and film. It’s no secret that the NFT business is quite controversial, but it will be interesting to see if there are other issues like The Derevolutions and what kind of impact they may have on the platform. We will continue to keep an eye on and report any interesting updates with GameStop’s NFT marketplace.