In recent years, the Internet has grown at an accelerated pace, far exceeding expectations and support. The Bitcoin white paper launched by “Satoshi Nakamoto” spawned the blockchain, a peer-to-peer, decentralized, and publicly distributed ledger. It is a register used to keep information about the owner, records, and real estate transactions. An asset can be anything you can imagine. Blockchain was created to solve an annoying problem for centralized monolithic companies: “trust”.
With the advent of smart contracts, blockchain integrates trust into the entire system. These smart contracts are the blocks of code that hold value until the transaction is completed. Coming back to the asset, any item (digital or physical) can be registered as an asset on the blockchain network with information such as owner, creator, name, description, etc. NFT refers to the digital identity of an asset.
NFT with a new beat
Before we begin, NFTs are non-fungible tokens that provide immutable proof of ownership and authenticity. Drawing attention to the explosion of NFTs since 2018 has raised marketing levels, where significant gains await. NFTs are a comprehensive plan that will become a more popular way to buy and sell digital artwork. NFTs continue to permeate every aspect of our daily life.
NFT marketplace projects have begun to merge art, music, and in-game items such as avatars, character skins, combat weapons, videography, concert tickets, merchandising, and whatever else comes to mind.
Entitling Musicians with NFT
Music NFTs are digital certificates associated with compositions, lyrics, rhythms, songs, melodies, and so on and are supported by the decentralized architecture of the blockchain. NFT Music Marketplaces allow musicians to create their own magnum operas into truly unique masterpieces by producing digital certificates.
The royalty reduction percentage is automatically credited to the creator’s crypto wallet when an NFT is sold. These NFTs can be bought directly on a dedicated market or offered by other investors to compete for a much better deal. The real beauty lies in eliminating intermediaries, such as record labels, who exploit the artist’s creations and charge exorbitant commissions to publish them in their name. Fans buy unique content and pay artists without having to share the proceeds with others.
The Covid-19 pandemic has given people the opportunity to delve into their inner artistic visions and take advantage of opportunities to generate a life of wealth.
About Corum8
Corum8 is a dedicated and well-equipped tech giant with formidable teams that excel at every stage. Diversified marketing and technology teams will help you develop and promote your project with the most effective use of the best tools in the market.
Why Corum8 for NFT Music Marketplace?
Corum8’s R&D department offers you a wide range of service alternatives to build and deploy your NFT marketplace and ensure your financial security over time.
- White Label Marketplace Development
This marketplace design is a foundation that can be populated with your needs and launched in no time. When it comes to promoting the products, new and experienced developers alike will have a great experience with Corum8’s NFT marketing service.
- NFT for Music
Teams of highly skilled professionals will take your project from paper to flight, catering to all your NFT needs in the music genre.
- Customization of the NFT market
Corum8 will help you create your NFT market tailored to your NFT needs and ideas by developing each key part and creating custom cuts and angles.