Muse’s new NFT album tops the charts
Muse, a famous British alternative rock band, is riding the music charts thanks to their new NFT album.
Theirs was certainly a bold and avant-garde move.
The NFT album, which is currently topping the charts, is their ninth album and is titled “Will of the People” a limited edition collection by one of the most popular British bands.
The sales figures for Muse’s NFT album
The album in question – The will of the people – are sold as many as 51,500 copies in the first week alone.
It is necessary to point out that only a part of the copies sold and on the market were in the form of non-fungible tokens.
In fact, the band decided to issue only 1000 NFTs of their album to the market as a whole.
These numbers also confirm that the band’s new musical NFT is even more rare and valuable than previously thought.
Doing some quick math, it turns out that if all tokenized versions of the record were sold in the UK, they would account for 1.96% of the total.
The digital release of Will of the People includes a downloadable version of the album and features an alternate cover digitally signed by members of Muse!
This is the band’s seventh project to reach the top of the charts, thereby winning the same number of charts as Elton JohnPaul McCartney, George Michael, the prodigy and the killers.
Music and NFTs
The music industry has been turned upside down over the years and continues its inevitable evolution to this day.
The Non Fungible Tokens seem to be emerging as the best next step for all music bands.
It’s safe to say that Muse’s choice to release some copies of their album in the form of NFTs was certainly a groundbreaking choice.
What are the benefits of using NFTs in the music industry?
First of all, applied to music, NFTs make it possible to makes the audio file unique and give one certification of ownership to those who purchase it.
In fact, this tool has already been used by other famous faces in the music community.
A few examples: Grimes sold a collection of music videos for 6 million dollars on the Nifty Gateway market. Even Calvin Harris, The Weeknd, Deadmau5 and Steve Aoki have successfully sold their first Non-Fungible Tokens.
Kings of Leon, on the other hand, associated their latest album with three different NFTs: the first entitled to limited edition vinyl, the second granted access to the front rows of future concerts, and the third to exclusive collectibles.
As for the Italian music scene, we find the singer Marco Castoldi, alias Morgan, who some time ago decided to embark on his own journey into the NFT world by putting the unreleased track “Premessa delle Premesse” up for sale at OpenSea.
The auction actually ended only after a few hours with a bid of around 21,000 thousand dollars from the famous NFT fund Poseidon DAO.
