Making a Scene – Tokenizing Music Catalogs

New Way to Fund Your Music Career

Imagine this: you’re a musician, and you’ve just created an awesome new song. Everyone who hears it loves it, and you feel great—but there’s one problem. You’re waiting forever to get paid by streaming services. Then you hear about something exciting called blockchain. Sounds complicated, right? Actually, it’s simpler than you think!

What Does It Mean to “Tokenize” Your Music?

Think of your music as a delicious pizza. Normally, you sell the pizza whole, right? But what if you sliced it into many smaller pieces, letting fans buy slices of the pizza? That’s exactly what tokenizing your music is. You break your song into small digital slices called “tokens.” Fans can buy these tokens and become partial owners of your music. Pretty cool!

A Story of How It Works in Real Life

Let’s say you release your fantastic song on Spotify and Apple Music. Instead of waiting months to get paid, your fans who bought tokens can start earning right away with you. Every time someone streams your song, the money goes directly into a special digital payment system.

How Blockchain Sends Your Spotify Payments Automatically

Here’s where blockchain shines! Your streaming payments go into a digital wallet. This wallet connects directly to something called a “smart contract.” A smart contract is like a magical digital helper—it instantly knows exactly how many tokens each fan owns and splits the payments automatically. Without you lifting a finger, your fans’ share of the money goes straight to their digital wallets. Easy and super fair!

Digital Payment Tools You Can Use

You can connect these popular payment services to help distribute your Spotify payments easily:

• PayPal
• Stripe
• Venmo
• Square
• BitPay (for cryptocurrency payments)

How to Easily Link Your Payment Tools to Blockchain

Here’s a quick story about how simple it is to connect your payments:

1. Create a Smart Contract: Imagine writing clear rules on a digital notebook that explain exactly how your payments will be split.
2. Connect Your Payment Service: Just like plugging in your phone charger, you’ll connect your payment service (like PayPal or Stripe) using tools called APIs. These make sure your payments flow directly into your smart contract. (We will cover how you can do this in a future article.)
3. Let the Magic Happen: From now on, whenever your song earns money on streaming services, your smart contract automatically splits and sends the earnings straight to everyone who owns tokens.

Why Blockchain is Great for Musicians

Think of blockchain as the safest and quickest digital notebook ever made. It tracks who owns tokens, and makes sure everyone gets paid instantly, accurately, and without mistakes. It lets you focus on making great music, knowing the payments are taken care of automatically!

Your Step-by-Step Guide to Launching Your First Music NFT

Here’s how you can easily do your first NFT drop:

1. Pick Your Best Content: Choose songs, special artwork, or cool experiences like VIP concert tickets.
2. Choose an NFT Platform: Websites like OpenSea, Rarible, Foundation.app,  Onlymusix, Sound.xyz, Opulous or Mintable make creating NFTs easy.
3. Make Your NFTs: Upload your music and clearly describe who owns each part and how everyone gets paid.
4. Set Up Your Smart Contract: It’s like setting up auto-pay—it ensures everyone always gets paid correctly.
5. Spread the Word: Let your fans know by posting on social media, like TikTok, Instagram, or YouTube. Share how they can own a piece of your music!
6. Launch and Celebrate: Start your NFT sale, see your fans buy in, and relax knowing the blockchain automatically handles payments.

Tokenizing your music catalog is not just smart—it’s fun, and it is the future of the music industry! Tokenization of your music will help you build a stronger connection with your fans and build your music business revenue model. Try it out, and see the magic happen!

Mia Carter’s Musical Adventure with Tokenizing her Release

Mia Carter was an indie musician who loved making music. One day, she created a song she knew was amazing. But Mia didn’t like waiting forever to get paid by streaming apps like Spotify or Apple Music. She wished there was an easier way. That’s when she heard about something called “tokenizing.”

Mia learned tokenizing music was a bit like sharing pizza slices. Instead of selling the whole pizza to one person, she could give each slice to different fans. But instead of pizza slices, she would sell tiny pieces of her song called “tokens.” Her fans could buy these tokens and own a little bit of her song. Mia was excited to try it!

Ready to get started, Mia chose her favorite song and made cool artwork for it. She even decided to include VIP tickets to her special online concert. Using an easy website called Mintable, Mia quickly turned her song into tokens for fans to buy.

Next, Mia needed something to handle the payments. She set up a “smart contract,” which was like having a digital helper who remembered everything. This helper knew exactly how many tokens each fan bought and made sure they got their fair share of money from streaming.

Mia wanted her fans to get their money easily, so she linked her PayPal account to the smart contract. Connecting these was as simple as plugging in her phone charger. Whenever her song was played on Spotify or Apple Music, the smart contract automatically sent money straight to her fans’ accounts.

With everything ready, Mia shared the exciting news on TikTok, Instagram, and YouTube. She explained how fans could own part of her music and earn money with her. Everyone loved the idea!

The day Mia released her tokens, fans quickly bought them up. People all over the world became part-owners of her music. Mia felt so happy seeing how much her fans supported her.

Soon after, Mia’s fans began getting automatic payments right in their digital wallets from streaming services. Mia was thrilled! She could now focus on making more music, knowing her fans were enjoying the adventure right along with her.

Tokenizing music was more than just a smart way to make money—it was fun and brought Mia closer to her fans. Mia knew she’d found the perfect way to share her songs with the world!

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