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Rarify crypto art7/1/2023 Throughout the interview, the duo repeatedly referenced the power NFTs put back into the hands of artists. He touted it gave him the ability to maintain rights to his content and rarify the song to increase its value as a limited edition item. In the livestream, Goplen shared his experiences creating an NFT based on a single song and auctioning it on the GhostMarket platform. This can give musicians more control over distribution and sales. The creator determines the amount of the asset to make available, minting as few as one NFT or as many as they’d like. For example, musicians can create NFTs for a song or album by including the content, cover art, and a brief description. It is a way of digitizing asset ownership. In recent months, GhostMarket launched the uMint NFT Factory that allows users to simply mint custom NFTs.Īn NFT is a unique digital item, comprised of code representing an asset on the blockchain, such as a piece of art or a song. GhostMarket is pioneering the NFT space by building a platform that supports multiple networks, something that doesn’t currently exist on the market. GhostMarket is an explorer and NFT marketplace that offers cross-chain support for the Neo and Phantasma blockchains. The two talked about non-fungible tokens as an alternative method to derive revenue from a musician’s song. GhostMarket founder, Vincent Geneste, and musician, Jesse Goplen, recently joined the Music Entrepreneur Club livestream to discuss the NFT marketplace. GhostMarket’s NFT marketplace offers artists new methods to distribute content and novel ways to interact with fans.
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