Over the last month, several contributors in the Water & Music community collaborated to analyze music NFT market dynamics, based on data from our members-only music NFT database. This report is the result — an in-depth analysis of 2021 music NFT sales by artist genre, platform/protocol, and label affiliation, covering over $86M worth of revenue, as well as a qualitative discussion of popular and emerging forms of utility that have emerged around the format in the last year.
2021 has seen a flurry of new generative music NFT project launches, but they have yet to see the same consumer demand or financial upside as their immensely popular visual counterparts.
En el año 2021, los titulares acerca de los NFTs de música se han centrado en los números de sus ventas astronómicas… y la pregunta sigue latente: ¿qué es lo que realmente se vende?