While it is awesome to see so many musicians and artists continue to enter the NFT space, there has been minimal analysis on what is actually working. Here at NFT Concerts, we have been studying the financial success of various music NFTs. We have determined a simple formula which we believe artists should use to price their initial NFT release. Feel free to try out our NFT price calculator and see how it compares to your real-world examples.
NFT Release Pricing Calculator for Musicians
While this calculator may give you an idea of the potential of NFTs, there are certainly no guarantees. However, when it comes to NFTs, there are also no limits. New records are being set all the time. Some of the NFT releases we studied absolutely smashed our formula’s predictions. Make sure to do your research on various NFT options and develop a NFT strategy that reflects your brand. Check out our write up on the Top 9 Music NFTs of 2021 to see a whole range of NFT releases done by musicians.
If you are interested in releasing the next generation of music memorabilia, it’s time to consider a NFT Concert. Don’t cut up your performance into short highlights. Instead, release the full length concert recording unlocked by NFTs. Fill out our Artist Application to learn how you can become a part of our initial launch.