Singer-songwriter creates new love song as an NFT on Rarible
Writing songs is fairly simple, especially for those who write for a living. However, selling it is always a challenge as most celebrity artists are either unapproachable or have a big firewall between them and the outside world. There are usually many people who serve as primary contacts for celebrities. They become part of this chain which can be pretty difficult for songwriters to work with.
There is room for artists to make their manager’s information publicly available. One still needs to dig a lot to find the right contacts. Even then, it’s like trying to move a mountain to get their yes or no for the songs. Then there is always this concern of copyright infringement and plagiarism, especially with so many sets of eyes on the original lyrics created by you. It especially applies to newcomers who have not yet established themselves or have made the right contacts in the industry.
With this kind of project, the downside is that an eager investor can grab this song and then later directly sell it to celebrities for a much higher price or relist it for sale on the blockchain. Either way, it seems to be a win-win situation for the original author because the author will get royalty as long as the song is sold on the blockchain.
NFTs have been of great interest lately. Some have sold for six to seven figures and resold for much higher. It makes these a good investment for the investors out there.