Music NFTs Could Be Digital Asset Du Jour of 2022
Music NFTs have taken the spotlight lately, capturing the attention of traditional label Warner Music Group whose catalog extends to singers and songwriters Ed Sheeran, Dua Lipa, and Lizzo, to name a few.
Technically these NFTs could contain entire songs or even albums. They could also be short excerpts featuring a particular lyric or drum solo.
While the NFT itself is digital, the artists can use the sale as an opportunity to engage with the owner by attaching some text to the product in the form of a PDF containing a personal message that can be read.
Warner has partnered with OneOf, an environmentally-friendly NFT platform focused on entertainment and dedicated to Web3, the next version of the internet and home to the metaverse.
Warner Music and Quincy Jones-backed OneOf will introduce “exclusive NFTs for a range of legendary music artists,” according to the announcement.
The NFTs are being minted on the Tezos platform, a proof-of-stake (PoS) blockchain known for having a low carbon footprint.
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