JPEG NFTs are the first type of NFTs having their huge wave. And there is (imho) no doubt that there will be lots of other NFTs categories following. The question is wen and which category will be next.

During the last months it started to look like as music NFTs could get their fair share of attention. Music NFT projects got launched, investments were announced and a far broader aspect of the music business than streaming

https://audius.co/

got covered:

mint & sell your songs

https://www.mintsongs.com/

https://www.sound.xyz/

https://beta.catalog.works/

get a share of royalties

https://tokentraxx.com/

https://royal.io/

produce your music & mint as NFT

https://www.arpeggi.io/studio

https://www.mayk.it/

please feel free to add projects not covered in the list in the comments 🙏

- and if, what will be the catalyst?

I think web3.0 in general and in particular NFTs will eventually enable a richer and more diverse music ecosystem. But I think there are some challenges on the way. And probably there won’t be a sparkling pfp moment but a slow but steady development. Because …

• how to flex with music NFTs?

• streaming has a great UX. How will a NFT based product - competing with streaming - look like? -> Does it need such a product?

• several pfp projects have "metaverse" somewhere on their roadmap (which is kind of a narrative at the moment ;-)). Is there a place for music NFTs in the metaverse? Does something comparable to metaverse exist for music NFTs?

• Does it need a "lighthouse project" like BAYC or mainstream artists going full music NFT?

• legal clarity?

Looking forward to feedback and discussion.