Singer-Songwriter Creates New Love Song As NFT On Rarible
A singer-songwriter has made his song available to the world by creating it as an NFT after trying to pitch it to top singers. the song is available at rarible.com.
Writing songs is quite simple, especially for those who write for a living. However, selling it is still a challenge as most famous artists are either inaccessible or have a big firewall between them and the outside world. There are usually many people who serve as primary contacts for celebrities. They are part of this chain that can be quite difficult for songwriters to work with.
Artists have the ability to make their manager’s information public. You still have to dig a lot to find the right contacts. Even then, it’s like trying to move a mountain to get their yes or no to the songs. Then there’s always that worry of copyright infringement and plagiarism, especially with so many looks at the original lyrics you’ve created. This especially applies to newcomers who have not yet established themselves or made the right contacts in the industry.
A songwriter avoided going through this process and decided to take advantage of the blockchain and added his song on rare.com (a market for non-fungible tokens). He created it as an NFT, so the first artist to buy it will have full rights to the song. It may not be the first song sold in such markets, but it will be interesting because it is a love song that most singers are always looking for. Every singer is looking for that song that can become a hit, and that song might be.
The downside with this type of project is that a willing investor can grab that song and then resell it directly to celebrities for a much higher price or re-list it on the blockchain. Either way, it seems like a win-win situation for the original author, as the author will earn royalties as long as the song is sold on the blockchain.
NFTs have attracted a lot of interest lately. Some have sold for six or seven figures and resold for much more. This makes it a good investment for investors.
You can check the Ethereum market list on this link to learn more about the NFT love song. The question is, if a famous singer gets this song, will they disclose that they bought it from the NFT market? For some artists, this purchase can give them bragging rights. This would reflect how ahead of the game they are if they buy original content from the blockchain. Additionally, if a blockchain song becomes a hit, more songwriters might post their songs to reach artists looking for great songs and lyrics to add to their collection.