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For decades, music artists' ability to generate income through their music has relied on pitching their talent and music to venues, bars, restaurants, and other parties in the gig economy. However, this fall, Solo Music will be providing all artists with the opportunity to integrate their music with NFTs through their new V2 platform. This will enable artists to control the release of their music, mint their content into NFTs, and choose the quantity of NFTs they wish to sell along with its price.
Over 200 musicians are already onboarded to the new NFT platform, designed to foster community, support artists through NFTs, and distribute an artist's digital assets to their fans. The platform also considers agencies and labels, providing strategic assistance for brands or artists that want to get involved with NFTs, but donāt know how.
For the fans, the platform is an authenticated music marketplace devoted to helping the music industry maximize the adoption of blockchain technology and digital assets ā NFTs are just the start. The V2 platform is an easy-to-onboard platform where fans can log on and purchase NFTs via credit card in less than 5 minutes. Its mission is to bridge the accessibility gap for both artists and fans to become musicās digital asset marketplace for digital art, tickets, tokenized royalties, and more. Agencies and labels can help manage the sale, promotion, and distribution of their artistsā NFTs all in one platform.
How It Works
Solo Music makes crypto easy for artists by removing the barriers to onboarding for their fans. A new user will be able to log into the V2 platform, register for a user account, and buy an NFT that they fully own in less than five minutes. There are no seed phrases or identity verification requirements that typically limit a userās interest in completing the purchase process. The goal is to make it as familiar as possible from an e-commerce perspective.
Artists can embed their music into a piece of digital art and sell a piece of the art online at a price of their choosing, whether they wish to sell it for $25 or $100,000. Artists can even market multiple NFTs for the same music that come with different perks. Established artists can also take advantage of this new platform; Eric Paslay released his own versions of his biggest hits on the nine-track album cleverly titled āEven If It Breaks Your Barefoot Friday Night,ā in March of 2022. The music was shared with fans over three releases accompanied by NFT drops that provided VIP meet-and-greets, early access to merch, and other perks prior to a much anticipated UK tour with The Shires.
For new artists, their fans can support their early careers through their NFT music and the fans can collect items early and participate in the popularity of these emerging artists.
Authorās Bio:
Barron Solomon is the current founder of Solo Music. Solo Music offers artists, agencies, labels, and publishing companies a solution to maximize how blockchains will impact artist careers and the overall industry. Their new platform will be released before the end of the year. Before, Barron had primarily worked with early-stage startups where he has focused on high growth business development and scaling operations. Several of his previous ventures provided him with technology and blockchain experience, including being the CEO of The Register and COO of DI Pathways, and the VP of Business Development at Blue Equinox.
Disclaimer
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