Michael Winkelmann AKA Beeple started creating a piece of art every day in May of 2007.
He was not a notable artist. And until recently, he hadn’t sold a piece of his art for any notable sum of money. But, on March 12, 2021 – over 5,000 days since he began creating art daily – a collage of his works sold for $69,400,000 at auction.
How is it possible for an unknown digital artist like Winkelmann to sell a work for $69 million?
Non Fungible Tokens – NFTs.
Early investors in cryptocurrency have ridden the ups and downs of the markets for years. Until now, there hasn’t been much those investors could do with their Bitcoin, Ethereum and Doge — other than hold on for dear life.
With the advent of NFTs, those rich investors can spend their treasure trove of crypto on real assets – Like your music. And, they are desperate to do so, with the volume of NFT deals increasing 562x in the last year.
What does this mean for you?
By creating an NFT for your music catalog, you’re opening up your music to investment from all of these investors.
So, when it’s the right time to explore a new deal, you don’t have to shop your catalog to the same dozen catalog buyers that have been doing it for years. You have millions of crypto investors at your beck and call.
When it comes to finances, questions like, ”Am I getting paid all that I’m due?” or, “Am I getting screwed?” are common for music creators.
With a history of unsavoriness in the industry, those are fair questions to ask.
However, with the advent of NFTs, those questions will soon be a bad memory of how it used to be.
By creating an NFT for your catalog, you’re establishing a permanent record of its existence, and of your ownership.
Plus, by creating an NFT on our platform, you'll be entitled to a royalty on every subsequent sale of your music.
While mainstream attention on NFTs is at an all time high, it’s still hard to tell how you can get involved.
In the music industry especially, everyone is trying to find out how they can stake out their claim in this gold rush.
Luckily, you don’t have to do anything beyond clicking a few buttons and answering a few questions to create an NFT.
Royalty Exchange has built a system that allows you to generate NFTs securely and efficiently. This way, you can get in while the hype is still high, and eye-popping prices being paid for NFTs are commonplace.
Create an account and submit your music through our online portal
We’ll create an NFT for your music and get it on the blockchain
You’ll have investors making offers for your music and you can choose to accept or decline
Establish your royalties on the blockchain and get access to millions of investors. Creating your NFT is free, and only takes a few minutes to answer some simple questions about your catalog