Keeping an eye on the crossover between NFTs and music, as we do, our ears pricked up at an article in the Korea Times by a new platform called Artify Music. “It is a music streaming service and social network for music lovers,” explained the company. “It is a one-stop music shop, where creators can sell merchandise, tickets, and music NFTs.”
The piece, seemingly a guest column, sets out Artify as a cross between Spotify and an NFT marketplace, where artists can sell their albums to fans as ‘exclusive drops’, and fans can trade those albums with one another “with the artist enjoying royalties from each and every resale”.
Meanwhile, artists can choose to window some of their tracks to album sales only, or make everything free and use Artify’s tip-jar to make money.
The company’s website offers more information on its plans, including the now-traditional (for crypto/blockchain/NFT startups, anyway) white paper setting out its plans. According to its roadmap, the company will launch v1 of its app this September.