NFTs can also give musicians an opportunity to profit from their work in artistic areas for which they’re less well-known. Think of it as the virtual equivalent of flipping foreclosed homes, auctioning autographs on eBay, or clearing shelves of toilet paper so that you can jack up the price on Amazon during a pandemic. But the most powerful motivation for buying NFTs is the possibility of reaping huge profits by reselling them. You might want to impress people by flashing the contents of your digital wallet. You may, for instance, want to show your support for the content creator. In fact, the same content can be downloaded by pretty much anyone with a functioning internet connection.So why, you may ask, would anyone buy them? There are a number of potential reasons. While an NFT “original” contains metadata that proves its authenticity, trademarks and copyrights are not part of the transaction. One of the biggest debates, when it comes to non- fungible tokens, centers on the question of ownership.

Spotify plans join nft craze