Non-fungible tokens, or NFTs, are one-of-a-kind tokens that represent ownership in an increasingly digital world. Artists are releasing songs and albums as usual but with the added launch of NFT. MoonwalkerFM is an Ethereum-based, NFT record label aiming to connect musicians and their fans in ways never seen before. Arpeggi Labs provides artists a digital audio workstation to directly build and mint their work on-chain.
In music, artists are releasing songs and albums as usual but with the added launch of NFTs. These NFTs might be of an album cover, a rare image of the band, or some sort of poster. But they’ll also come with utility, as an artist can directly interact with those who acquire their NFTs. MoonwalkerFM financially incentivizes fans to hold NFTs via passive income. Every time the label drops a song, two NFTs are minted and tied to it — one of common quality and another of a rarer quality.