5 of the biggest and best NFT music collections yet
In the first half of 2021, NFTs, non-fungible tokens, have become an almost ubiquitous part of the music industry, for better or for worse.
For the uninitiated, an NFT is a unit of data that certifies that a digital asset is unique and not interchangeable. As the music industry struggles in the age of streaming to properly remunerate artists, it was only a matter of time before musicians followed the art world into NFTs.
The potential was obvious, with music fans still desperate to come across as a bigger fan than the rest (the less we talk about ‘stans’ the better). And the results speak for themselves: Artists recently started making money selling NFTs, doing more than they could ever dream of before.
With that in mind, we thought we’d take a look at 5 of the biggest and best musical NFTs to date!
Grimes ($ 7 million)
TikTok’s most famous Communist got really involved in the NFT Gold Rush, going bankrupt after selling a 10-piece series on Nifty Gateway in February. A mix of original artwork and short videos set to music, two works, titled “Earth” and “Mars” took the bulk of the sales, with thousands of copies for $ 7,500 each. A one-of-a-kind video titled “Death of the Old” managed to sell for $ 389,000. “More money than common sense” comes to mind. His partner Elon Musk also got in on the action, selling an NFT over NFTs, because of course he did.
Steve Aoki ($ 4.25 million)
The superstar American DJ and producer was one of the first artists to realize the potential of the new digital market. Working alongside renowned visual artist Antoni Tudisco, his first NFT collection, titled “Dream Catcher,” sold out big on Nifty Gateway, one of the main markets for NFTs. The very rich Aoki was naturally excited. “NFT has given me the opportunity to finally merge art, collectible culture and music in a way that I have never been able to achieve before,” he said at the time. “I didn’t know what to expect when we started this project, so the comments and responses from the NFT community have been overwhelming to say the least. “
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Kings of Leon ($ 2 million +)
The rockers at the stadium have decided to sell their latest album, When you see yourself, as a collection of NFT and became one of the first major groups to do so. What a decision that turned out to be: They generated over $ 2 million in sales, with six “Golden Ticket” auctions, which guaranteed four front-row seats for a show on every Kings of flagship tour. Leon for life, being bought with impatience. And the band made sure to give something back, donating $ 500,000 of their earnings to the Live Nation’s Crew Fund to support struggling live music teams during COVID-19.
Eminem ($ 1.78 million)
Slim Shady’s first NFT collection, ‘Shady Con’, was a big hit when it was sold on Nifty Gateway in late April. It included digital action figures based on some of his iconic characters from his hilarious music videos. Original instrumental rhythms have also been included in the collection. The most treasured item from “Shady Con” was “STANS ‘REVENGE”, a one-of-a-kind video, accompanied by a rare pair of Eminem’s Carhartt Air Jordan sneakers.
RAC ($ 708,000)
A lesser-known artist on this list, Grammy-winning Portuguese-American producer André Anjos quickly realized that NFTs were the way to go. He sold a collection of NFT related to his new record YOU and quickly came to a sobering reality: The $ 708,000 he made from the sale was more than his combined album sales over the previous decade, speaking of the stingy streaming revenue against which musicians have to struggle.