5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
Are NFTS As Crazy As They Seem?
As crazy as NFTs might seem, they have proven in a very short amount of time to be a profitable form of investment as well as a new exciting medium to create with for artists. Why is this? The deepest desire of most Artists, Spoken Word Artists and Musicians is to not only share their work with the world but to also get paid for it. And further, to have ongoing artistic control over their creative offspring.
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
NFT Music Has The Potential To Destroy The Music Industry (In a good way)
NFT Music has the potential to destroy the music industry in a bad way for the industry but in a good way for the artist, once artists and creators begin utilizing NFT Music works to their advantage.
Even though this is a new form of commerce for artists that many question, like all new things that seem crazy (like the internet) the NFT art form does not seem to be going away anytime soon. What’s more, as crazy things in the beginning of their journey have proven in the past, they do stabilize and prove themselves as a viable commercial enterprise, just like we believe NFT Music and all things NFT Arts will for the innovative artist.
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
5 Reasons To Start Creating NFT Music & Art
Below are 5 reasons to start your NFT journey NOW as an artist:
1. NFT creates actual value for your Tokenized piece of Art, Spoken Word or Music.
We get asked all the time why you should even buy or make NFTS and NFT Music if you can listen to the music for free. It really is simple. You can listen to your song all day for free on the streaming platform (that you are paying for by the way) that gives the artist what amounts to less than a penny each time you listen to their song OR you can buy their NFT single and actually own something that has value. Not to mention you are ACTUALLY supporting your favorite artist. Think of it another way: you might own a photocopy or a JPEG of a rare Pokemon Card and enjoy looking at it. But try to sell it to a collector and it isn’t worth anything.
Free Your Artwork With NFTS – Find Out How
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
NFTS Create Authentication For Your Artwork & Music
2. NFTs create a medium where physical objects like art works can be tokenized, eliminating the duplication and limiting ownership to the artist.
Not only can digital works be tokenized but physical items as well, but an NFT can be created to authenticate a physical item. This serves as a digital certificate of authenticity that protects both the artist and the collector.
Official John Sinclair Freedom Rally 50th Anniversary NFT Drops
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
Ongoing Income For The NFT Artist
3. NFTS create ongoing income for the artist every time the piece is resold giving the artist ongoing control over the art.
The wonderful thing about NFTS and why they are a game changer for creators is that because of the Smart Contract that is behind that NFT, the artist gets a royalty every time that Music NFT or NFT Artwork is resold.
So, let’s say you buy a CD from the store for $25.00. The retail store gets about $12.00. The record company gets about $12.00 and the artist gets about $1.00. For anyone lower than Beyonce level, this presents a difficult choice. For the artist to really make any money they have to constantly be on the road performing.
So, how does that work: The record company typically pays for the tour, but of course the cost of the tour comes off the top of the sales and on and on until at last the artist gets “paid”.
OR…with NFTS, you buy an NFT Music Single from an artist for $25.00 and the artist gets to keep most of that money. But that is not the end of the story. Let’s get back to that Smart Contract thing I was just talking about.
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
The NFT Smart Contract Royalty Changes The Game!
Let’s say you decide to resell that CD you bought at the retailer at a used record store. You get $5.00 back from it. The artist gets nothing. So, you made more on your resale than the artist made on the initial sale of their work. BUT, if you decide to resell your NFT, the artist has a royalty rate written into the Smart Contract that accompanies the work. They automatically get an ongoing royalty EVERY TIME the work is resold. The nice thing here is that EVERYBODY WINS! Chances are reselling your limited edition Music NFT is going to get you much more than the $5.00 you got for that used CD!
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
NFTS Create Authentication For Your Artwork & Music
4. The artist does not lose rights to use their NFT Art.
The next great thing for the artist is that even though you as an NFT Investor or collector now own the NFT Artwork that continues to gain value, the NFT Artist does not lose rights to use their art. This is a game changer, because in the past, many artists have been forced into relinquishing the right to use their art to a record company or some other corporate art-hogger.
Learn More About Tangerine Orchid NFT Art & Music NFT
5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
NFTS Create Authentication For Your Artwork & Music
5. With NFTs, fans, investors and collectors have a way to not only give back and support but to actually OWN a piece of the pie.
When you have a favorite artist that really touches your soul, there is nothing like collecting all their music, going to their performances and being a part of the magic as it happens. I think this is one of my favorite bits about NFTS. They are a way to give back and support an artist in a better way than buying their new CD where they may get one dollar or listening to their song 100 times on a streaming platform and knowing they are getting less than a penny for all your plays.
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5 COMPELLING REASONS TO BUY & CREATE NFTS NOW
A Shocking Statistic About Streaming Platforms
In fact, the most popular streaming platform that in 2018 had 1.37 billion in revenue, only paid out .0037 cents per stream to the artist. That means the artist would need one million one hundred seventeen thousand and 21 plays to even make minimum wage.
Support NFT Creators Not Corporate Art-Hoggers
When you support your favorite artist by investing in their NFT Artwork or Music NFT you are supporting artists directly and assisting them to actually make a living with their art so they can keep producing work that we love to see, hear and experience, not record companies or streaming platforms that leave the artist with less than minimum wage. This changes everything and eliminates the middleman between the artist and the fan or collector. It’s good for both parties, as an NFT Creator and as an NFT Collector or Investor.
Learn More About Tangerine Orchid Founders Hedda Kim & Jair-Rohm
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