Why Musicians Need to Create More Products to Sell

By Dwight Miller - June 1, 2023
Why Musicians Need to Create More Products to Sell

In the past musicians had a most 4 products. They had songs, albums, live shows and merchandise, that’s it. 

That’s all the products a musician had to offer. 

Web3 is offering musicians an opportunity to create many more products. Here is a list of some of the products a musician can offer fans today

NFTs (Non-Fungible Tokens) and Web3 technology offer new opportunities for musicians to monetize their work and connect with fans. Here are some types of products that musicians can create using NFTs and Web3:

Digital albums: Musicians can create and sell digital albums as NFTs. These NFTs can be limited-edition or have unique features that make them more valuable to fans.

Concert tickets: Musicians can sell concert tickets as NFTs, which can be authenticated on the blockchain and provide fans with a more secure and transparent way of purchasing tickets.

Virtual merchandise: Musicians can create virtual merchandise such as virtual clothing, accessories, or other items that fans can use in virtual worlds. These items can be sold as NFTs and can be traded or resold among fans.

Exclusive content: Musicians can create exclusive content such as behind-the-scenes footage, unreleased tracks, or personalized messages for fans. These items can be sold as NFTs, providing fans with unique, collectible content.

Royalty streams: Musicians can use NFTs to create royalty streams, where fans can buy a share of the musician's future earnings. This allows fans to invest in the musician's success and can provide a new source of revenue for musicians.

Overall, NFTs and Web3 technology offer exciting new ways for musicians to connect with fans, monetize their work, and create unique, valuable products