Resources to Explain
NFTs are one of the hottest topics in the music industry, and understandably so. Just in the first few months of 2021, NFTs generated over $60 million for the music industry. For a brand-new revenue stream that barely existed a year ago, that is extremely exciting! While I encourage every music creator and music business to dip their toe into the NFT waters, it’s important to start taking some legal considerations into account before your next big NFT drop.
The potential exists for layers of legal complexities wrapped around the sale of just one NFT such as,
what exactly is being sold, and
who has the legal right to sell it?
To learn more, read my article on NFTs and the legal questions they give rise to here.
Before diving into releasing music as an NFT, read my article on copyright issues surrounding NFTs here.
If you are getting started on releasing an NFT, read my article on how to structure those agreements here.
Have more questions? Contact Colin now.