Rising NFT and Music industry in the states: the Future to be Excited About

“We are finally launching an NFT Lebel and excited to introduce talented artists as well as amazing contents right here in New York.”

Masahiro Watanabe an aspiring entrepreneur on the rise featured on yahoo news, swagger magazine and other related medium shares his vision and mission behind his New York based music and NFT label.

Being picked up as  “STAFF WRITERS PICKS TOP UP AND COMING PROJECTS FOR THIS YEAR-by swagger magazine ”, Masahiro shares his idea on the article :

“We are focusing on building a business model to provide entertainment (music artists, actors) and professional sports athletes’ contents to the world through NFT. At the same time, we are planning NFT content for Japanese traditional culture  including Noh, Kabuki and Ikebana and so on.

Masahiro’s NFT label is currently working with artist like Hiroko sarah Mumbai-based Japanese artist. Multilingual Singer-songwriter (English, Japanese & Hindi) & Dancer (Indian Classical Kathak Dance Visharad/B.A. & Indian Fusion Dance gearing up to show case talented individuals and creativity in the Web3.0.

The influence of NFTs

One of the biggest discussions in the crypto community is whether or not we will have permanent digital copies that can be sold from day one, or if these files will only exist as “crypto wallets” that require users to input private keys for access.

While some see selling digital copies as an easy way into the mainstream music market,

 others believe this will destroy any benefits of blockchain technology in the long run.

After all, how can software protect intellectual property be questioned?

Well, let’s look at that again – where will musicians sell their content? Will it continue to be popular to distribute large amounts of free music like Pandora does? Or will artists start using newer technologies to sell direct-to-consumer once they test the water with physical products?

And what about DJs and concertgoers? How many fans enjoy listening to songs before buying them? I think most people would say there’s an opportunity to experience something even if you don’t buy it right away.

That being said, NFTs definitely has the potential to become a powerful tool for creators, marketers, and consumers. But as we wrap our heads around these new concepts & try to understand how they relate to traditional methods of distribution, break-even points, etc., we should keep in mind that this is still a piece of very new information and processing environment.

There is also no perfect solution for every problem yet.

As technology develops, so does its capacity to immerse and interact with us. From smartphones that can be used as headphones to connected devices that can be controlled via emojis, the future has it all.

NFTs are just another tool in our digital arsenal, but their impact will rise rapidly over the next decade.

At this current stage, we can already see how these interactive art pieces have become widely popular! Many believe that Facebook was the culprit for spreading this recent wave of fun and creativity, but I would argue that it is Twitter that had the biggest role.

How do NFTs work?

Collectibles are items that can be owned by people. The value of an item may come from its material substance or it may rely on its limited supply within a given context.

NFTs work similarly to collectibles, except that they’re called non-fungible tokens. They have unique digital representations created through software applications on your computer.

These apps serve as certificates that give details about the NFT such as its rarity, price, and other characteristics.

However, their real fun is in using them in games where players compete to acquire these assets. For example, there are game versions of Magic cards (called Event Tickets) with which you can play online competitions, or use to build custom decks.

Starting an NFT business

The music industry is changing, but it’s not because of one company or even one product. It’s changed because of multiple independent developers creating products that connect via centralized systems like Steam (PC), iTunes (iPhone), and Google Play (Android).

Even more, a niche is developer groups dedicated to promoting and publishing certain types of content such as MP3s.

More often than not these developmental cycles start with an individual creative individual who builds something inventive for their own amusement and then patenting/manufacturing is added later.

What sets early innovators apart from the rest is that they understand the need to make money first before thinking about manufacturing and marketing.

That way you can repeat until you succeed. Or fail. There have been many failures along the road to success for thousands of individuals.

It all starts with the mindset that what feels good now will feel great later. Inspiration flows better when we work on projects that matter to us.

We’re more likely to be engaged in our careers if we enjoy what we do. And this makes us more productive and creates self-motivation.

The best way to achieve this is by choosing a project that inspires you. This could be personalized to your needs, or maybe lead you into a community concern or global issue.

Partner with a digital company

People have been talking about what’s going to happen to musicians in the music industry since the days of Buddy Holly, The Beatles, and Justin Bieber. Technology is becoming more mobile, user-friendly, and widespread every day, which means that there are many opportunities for artists to promote their art and attract listeners.

Some large companies such as Spotify, Apple Music, and Pandora offer streaming services where you can listen to whole albums or singles from bands. You don’t need to go to iTunes or Google Play to download single songs yet.

Decide what to sell

Store your music where people can find it. Mass-market stores like Apple or Amazon are good places to publish your music, as well as streaming services like Spotify and Pandora.

People will be able to listen to your songs for free through these sites. However, if you want money, you’ll have to put up a song or album for sale.

Some artists prefer this arrangement because they work full time and don’t need to rely on their music to make a living. Publish your music online when you feel ready, or keep publishing yourself whether you have permission or not.

Anil Baswal
Author: Anil Baswal

About Anil Baswal

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