Have you heard about decade-old memes being sold for more than a million dollars as NFT? It might have made you question your creativity and the worth of your talent, specifically if you are a musician. You might get past the concept thinking that the meme creator was just lucky to get their hands on such a lottery. However, it is not a mere luck but a new business venture that you can also explore and use for your benefit.
Non-fungible tokens (NFTs) are all the hype in the present time. If you are an internationally acclaimed musician, a budding artist, or just an aspiring musician, the world of NFT is open for you too. All you need to do is mint your songs into NFT and start earning profits into cryptocurrency. You can exchange cryptocurrency into traditional currency and do whatever you want with your hard-earned money.
If you want to dive into the relatively new world of non-fungible token earning and do not know how to do it, then keep reading this article and learn in detail about minting your song into NFT.
Top 7 Steps to Mint Your Song into NFT
Minting songs into NFT is a budding business and trade venture for the musicians that do not only help them earn popularity and fame but also more profits as compared to traditional sales. Getting the certificate of their digital music file declared or accepted as a unique digital asset is a process termed minting. Minting songs is the gateway to diving into this new world.
Here are the basic steps you need to follow to mint your song into NFT, i.e., non-fungible token.
1. Explore a Marketplace
The basic step of minting your song into NFT is joining a marketplace. However, you should never join any random marketplace but conduct your background research and try to find the best one. You can check the policies, copyright details, and royalty descriptions of the marketplace to make a profitable choice. Many aspiring musicians are exploring the NFT music marketplace that helps them increase their earnings by claiming royalties on every resale.
2. Check Song Requirements
After shortlisting the marketplace, you want to use for minting your songs, the step you need to follow is checking the song requirements. In other words, while you are checking the marketplaces, make sure to go through the conditions and requirements of a song for minting. It can include details like the length of the song, type of file and type of music, etc. You should be aware of these details to proceed further.
3. Create a Song
The next step in the process of minting your song into NFT is creating the song. You can create the song according to the requirements of specific marketplaces, or you can just use any of your old songs if it does not clash with the requirements. Most of the time, the marketplaces do not hold any objection over it, so the decision is all yours. You can do what is feasible to you or what seems more profitable.
4. Create a Digital Wallet
One of the most critical steps of minting songs into NFT is creating a digital wallet. In simpler words, you need to create your account on the marketplace and list yourself as a seller. By signing up for the digital wallet, you will get access to numerous other perks and benefits and will be able to convert your tokens into various digital currencies and withdraw them too.
5. Manage Your Song Description
Another important step you need to follow in the process of minting your songs is managing the description of your song. When you buy something online, you check the product description to make sure you get what you want, even though the pictures of products are visible. In the case of NFT music, your buyers will be only getting a preview of a few seconds, which might not be enough. So, manage your song description to offer more insights as well as attract buyers.
6. Mint Your Song
The most important step of the whole process is minting the song. After following all the above-mentioned steps, you will be able to submit your digital file at the marketplace and get a certificate that declares it a unique digital asset. Through this, you will preserve the originality and copyrights of your digital artwork.
7. Indulge in Online Trade
Now that you have got your song minted into NFT, there is no looking back, and only profits and popularity await you. The last step is indulging in the online trade and sale of your NFT. You can share your license for a limited time, allowing the buyers to use it the way they want. You can explore the NFT music marketplace to get more profitable offers, options and enjoy additional perks.
Mint your songs and earn high profitability!
Now that you have learned in detail, the process of minting your songs, dive into this world and earn huge profits. You can sign up for the most popular marketplace and make sure to get some exclusive rights and offers.
