How to Plan a Music NFT Drop

So the MozikNFT Web platform is live now, you have visited its platform, used its wallet, and have explored its vast library of tools and capabilities — eventually arriving at the thought of creating your very own music NFT.

NFTs are a work of wonder, but even in such cases doing the right thing for the wrong reasons can produce less-than-desired results. There are a series of thought processes that go into the production and sales of NFTs, and in this article, we’ll be covering the most important questions artists need to ask themselves before minting their music NFTs.

Understanding NFTs

When minting NFTs, artists should define why they’re using them, and how to communicate that intent with their audience. Music NFTs can be utilized to create scarcity for example or to guarantee the authenticity of goods. While they can be used to provide copyrights, they’re hardly used for that purpose on a public and commercial level, but the matter should be disclosed nonetheless.

Thus, the use case must be conveyed with the audience to prevent any post-sales misunderstandings, and most importantly, to protect one’s intellectual property.

Determining Objectives

During the era of traditional musical media such as vinyl records, cassettes and CDs, it was rather easy to produce works in limited quantities; such products carried serial numbers and some sort of anti-piracy measure that made original products easy to identify.

Enter the digital age and copying digital goods is as easy as ever, and producing limited edition digital goods, impossible. NFTs are lifesavers; they can be used to sell authentic goods, limited edition albums, personalized packages, signed artwork… the possibilities are endless.

The use cases of NFTs are limited only to the creativity and limits of the human imagination, and knowing how you’ll be using them can go a long way.

Choosing a Platform

It is important to pick a platform that is safe, decentralized, fair, and one that possesses an audience wide enough to interact with music NFTs of various genres. With over 10,000,000 users, MozikNFT provides the ideal platform for artists of all genres to mint and sell their music NFTs, take fair earnings, and maintain solid protection over their works.

Promotions

One thing to bear in mind is to also communicate all of the above points via the promotions as to not mislead the target audience. Fans should have a clear understanding of what the product does, how it performs and what its ownership implies.

Conclusion

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MOZIK is a decentralized music NFT platform aims to build a healthier and fairer music economy ecosystem.