NFTs aren’t just for artwork and photos; they can also represent ownership of music, podcasts, audiobooks, and other sound media. Audio NFTs offer a lot of flexibility to content creators and are an excellent way to generate revenue. The process of buying and selling audio NFTs may seem complex, but in reality it’s quite simple.
Step-by-Step Guide on How to Buy a Music NFT:
What you’ll need:
- Web 3 compatible browser like Brave, Firefox or Chrome
- MetaMask or other compatible crypto wallet
- ETH Cryptocurrency
Step 1: Visit opensea.io using your Web 3 Browser
Step 2: From the main menu, click Explore, then Music, and click on the song or album you want to purchase.
Step 3: There is usually an option to “Buy Now” or “Make Offer.” Let’s select “Buy Now”. You may be prompted to connect your wallet again, select your wallet from the list, and sign into your wallet.
Step 4: Make sure there is enough ETH in your wallet to cover the cost of the music and the transaction fees.
Tip: Pay attention to what kind of cryptocurrency the seller is asking for. Some sellers ask for Solana, Polygon or other crypto. If you don’t have the correct crypto, you can purchase it on an exchange and send it to your wallet, or use a credit card inside OpenSea to pay for your purchase.
Step 5: Lastly, complete your transaction and download your NFT music.
Now, here is the guide to selling NFT music:
Step 1: First, you’ll need to create audio content, such as a song or album. Then go to an NFT marketplace that allows you to mint and sell audio NFTs. Opensea.io is a great platform to sell your music. You can either sell a single copy or sell multiple copies of one recording.
Step 2: On Opensea, click the “Create” button. You may be asked to connect your wallet or sign a popup to continue. Now fill out the content creation form.
Tip: The default blockchain option is Ethereum, and it is the easiest for both buyers and sellers to use, but choosing Polygon or Solana can reduce transaction costs. In this example, we will stick with Ethereum to keep things simple.
Step 3: When you’re making your selections, click “Create” at the bottom of your form. Congratulations, your music is now an NFT.
Step 4: To list your music NFT on the marketplace for sale, select the NFT and click on the Sell option.
Step 5: Enter how many copies you want to sell. Note that the fewer available copies, the more value each copy will hold.
Step 6: Lastly, enter your desired starting price in ETH and click “Sell.” That’s it! Your Audio NFT is now available on the OpenSea marketplace.
I hope you enjoyed this article. Now you should be ready to buy and sell NFT Music and other audio content on the blockchain.