note: I originally wrote this for a musician friend who had a vague understanding of NFTs. This is directed to musicians. PRIMER NFTs are simply: digital containers that hold any form of media. We then create scarcity by setting limited editions (i.e. you can make a music NFT to be a 1/1, so only one person can own it, creating demand, thus creating value). NFTs also have an embedded “smart contract” in them that allows the creator to set percentages on how much royalties they receive every t...
