Innovative use cases for nonfungible tokens (NFTs) continue to emerge, particularly in the music industry, which has been a fertile ground for use cases of new Web3 tools in recent years, despite the hype surrounding NFTs.
On April 5, the eco-warrior, producer, and DJ Blond: ish revealed a new NFT project that, when purchased, grants access to physical copies of her most recent album on vinyl.
We got in touch with Blond: The vinyl itself is made from “naturally occurring bacteria” that mimic plastic and can decompose in any environment, including the ocean. ish for more information on the use of NFTs as a gateway to unlocking physical items as part of a new music release.
Vinyl records are typically pressed from polyvinyl chloride, or PVC, which releases 12 times as many greenhouse gases.
Artists have used NFTs as a part of album releases and even as a new way to stream music. This most recent vinyl release is a good illustration of the growing phygital trend in the NFT industry, in which digital assets have a physical component.
Muse, a well-known rock band, released an NFT album in August 2022. This was a landmark for the music industry because it was the first new chart-eligible album format in seven years.
NFTs have been utilized in single releases or to promote additional content alongside mainstream music artists like Snoop Dogg, a longtime Web3 champion.
A new subgenre of NFT-driven music for artists whose releases are inextricably linked to NFT projects has even been the subject of discussion.
Sony Music, a giant in the music business, applied for a trademark in September 2022 for music that was NFT-authenticated. In March 2023, Spotify put a new Web3 wallet integration for token-enabled playlists through its paces.