What is an NFT?

An NFT, or Non-Fungible Token, is a unique digital asset that represents ownership of a specific item, such as music, art, videos, or other digital content. Unlike traditional currencies or digital files, NFTs are stored on a blockchain, ensuring they are one-of-a-kind, verifiable, and cannot be duplicated.

Key Features of NFTs:

• Unique Ownership: Each NFT is unique, making it different from any other digital file or token.
• Blockchain-Based: Stored on a decentralized ledger, NFTs are secure, transparent, and traceable.
• Transferable: Owners can sell or trade NFTs, providing new opportunities for creators and fans.

In Music:
NFTs revolutionize the music industry by enabling artists to sell their songs, videos, or exclusive content directly to fans. Fans can own a piece of the music, support their favorite artists, and even earn income from their NFT investments.

• With NFTs, creators and fans are brought closer together, creating a fair and exciting marketplace for digital content.

What are Music NFTs?

Music NFTs (Non-Fungible Tokens) are digital assets that represent ownership or a share of a song. Unlike traditional music purchases, NFTs offer exclusive ownership rights, giving fans and artists new ways to connect, earn, and share in the success of the music.

How Do Fans and Artists Benefit?

For Fans:

• Ownership: Own a piece of your favorite songs and become part of the artist's journey.
• Earnings: Promote songs and earn a share of download revenue.
• Exclusive Content: Gain access to unique extras like short films, trailers, or behind-the-scenes videos.
• Closer Connection: Support artists directly and become part of a passionate community.

For Artists:

• Increased Revenue: Earn significantly more from royalties, NFT sales, and ongoing fan engagement compared to traditional streaming platforms.
• Creative Freedom: Add value to your music with exclusive content that fans love.
• Fan Loyalty: Build a strong, direct connection with your audience.
• Global Reach: Use Veetune’s platform to promote your music to fans worldwide.

Sample NFT Breakdown

Here’s how profit-sharing works with Veetune NFTs:

• Total Song Cost: $8,000
• NFT Shares Available: 50 (each costing $160)

       Revenue Distribution per $1.50 Download:

• 35% ($0.525): Goes to the shareholder responsible for the download.
• 10% ($0.15): Shared among all shareholders.
• 40% ($0.60): Paid directly to the artist.
• 15% ($0.225): Split between the composer, lyricist, and Veetune platform.
• With this structure, everyone benefits: fans earn revenue, artists receive fair compensation, and music becomes a shared success story.