• Token: a digital collectible (aka an NFT), or a custom cryptocurrency (aka coin) such as Portugal. The Man’s $PTM coin

• Token-Gating: a common tool used by music artists to give fans that collect your “token” access to exclusive content and perks.

• Utility: use cases for NFTs beyond just being unique digital assets.

• Wallet: a digital wallet that stores your NFTs and cryptocurrency.

Let’s set the scene. You’ve minted and sold out of your first NFT, the fans are buzzing with excitement, but they keep asking you “what’s next?”. How are you going to keep them occupied while you work on your next release? Well, what if you gave your NFT holders access to exclusive BTS content from the making of your last single, previews of unreleased music, early access to merch, or voting rights on your next music video?

Sounds pretty complicated to execute, right?

Nope! MINTCHIP makes token-gating easy.

Token-gating is a tool used by music artists to reward their fans who collect their NFTs (or coins), by giving them exclusive access to content, merchandise, events, or any other perks they can think of. You can kind of think of this like password protected content, except the password is your token, and the protected content is anything extra you want to reward your token holders with. Token-gating is a simple way to add utility to your music based NFTs, for your web3 community.

As a Web3 music artist, you can use token-gating to reward your fans at different levels of their fandom, by making some perks only accessible to holders of one or more of your music NFTs, or to holders of a combination of music NFTs and coins. There are really no restrictions on what you can give back to your web3 community! Here are some ideas to help you get creative:

• Unreleased music

• Pre-sale tickets to a show

• Entry into your private album release party

• Voting rights on the concept for your next music video

• Raffle for backstage passes to an upcoming show

• Exclusive merch + discount codes

• Access to a private Discord server to connect with you, and other token holders

• Remix competition of unreleased tracks

• 1-on-1 communication with you

• Virtual or IRL meet and greets

• Access to virtual events, such as a metaverse concert

• BTS image and video content from the making of your last single

With MINTCHIP, it’s a simple process.

1. Create your web3 website with MINTCHIP’s no-code drag and drop builder (it only takes a few minutes).

2. Create a new page by either selecting from our token-gating templates, or creating your own from scratch. You can populate the page with whatever you would like - such as new music, exclusive merchandise, exclusive content, concert tickets, or whatever you dream up.  Your imagination is the limit!

3. In the page’s settings, select which token(s) fans will need in order to access the page. Tokens can be music NFTs minted through your MINTCHIP website, NFTs from other NFT marketplaces, or custom coins. You can even do custom combinations to access certain features i.e. holding 3 unique NFTs allows you to schedule a video meet and greet call.

Whew! You’ve made it this far… take a deep breathe and relax. Now you know the who, what, when, where, and why of token-gating. Think your fans will love some token-gated content? Enter your email below to get early access to MINTCHIP, and all the token-gating tools your heart desires

https://mymintchip.com/early-access?display=iframe