NFT Music Streaming Player: The very first time on the market
NFT music enthusiast? Then here’s something you might be interested in. It’s now an NFT music streaming player.
YellowHeart is a Web3 marketplace for music. Tickets and membership. The site accepts both crypto and credit card payments. In 2021, YellowHeart released the first ever NFT album and tickets with Kings of Leon. Since then, the company has worked with, among others, Maroon 5, Julian Lennon, ZHU and Jerry Garcia.
Now the platform has introduced the first ever NFT music streaming player. The hope is that it will drive mass adoption of the new music format.
Many artists have already released NFT songs. This way, it puts almost all of the profits back into their pockets. However, some fans have been skeptical of NFT’s music. This is because they cannot stream subsequent NFT songs and albums. But on services like Spotify and Apple Music, they can do this seamlessly.
Level Playing Field
By releasing an NFT music streaming player, YellowHeart says they are trying to level the playing field. With it, fans can stream all their NFT songs in a single player. This is in contrast to opening individual songs in an app.
Josh Katz is the founder and CEO of YellowHeart. “When I started working with YellowHeart before the pandemic, while we were building our product on the backend, my primary focus was to educate artists and industry leaders about how transformative NFT music can be for the larger space. Since we made great strides in 2021 and provided out the first major NFT album and tickets, is one of the biggest bottlenecks we’ve faced in making NFT content easily digestible for fans. Bringing a Web3-friendly streamer into the room puts this roadblock to bed. Our hope is that it will continue to drive mass adoption, allowing us to combine the best of old and new music formats with NFTs.”
If fans take up this new streaming service, artists will find it easier to connect fans with all the other benefits programmed into NFT music that they can’t get on platforms. This includes concert tickets, vinyl records and merchandise.
NFT Music: Streaming
The new NFT streaming product is designed to provide mass adoption of the NFT music format.
Yellowheart says platforms like Spotify and Apple Music give artists around 0.003 to 0.005 cents per stream. But YellowHeart’s NFT streaming player gives artists most of the profits.
They also say the player can expand beyond music to TV and movie content.
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