Top 5 Music NFTs You Should Be Looking At In 2023
The NFT industry’s underlying technology remains in high demand. NFT technology has capabilities that are far beyond the JPEG image. There is a huge demand for NFTs in both music and gaming.
Some projects use NFTs as evidence of ownership, which gives them exclusive rights over the NFT’s contents. NFTs enjoyed an exciting 2022. January began with optimistic highs and record-breaking trades on OpenSea of $4.8 billion. Contrary to popular belief, December brought a hangover. Volumes dropped by 95% and only 283 million were traded.
The Farmacy Fantoms
Styles P’s music NFT project, The Farmacy Fantoms, is a project of rapper Styles P. Each of the 6,666 animated ghost characters have a unique appearance that can be heard on ten different tracks. Holders will be able to access special prices and events for goods bearing the Styles P label in the future. It trades 205 ETH per month. It has 170 ETH in primary and 35 ETH secondary sales.
Also read: What are Music NFTs? How are they changing the music industry?
Despite the wider bear market in crypto, Criteria was a huge drop on Sound.xyz’s music NFT platform Sound.xyz. It is an 8-track EP which combines Allan’s electronic production with Cragun’s hip-hop vocals. The duo released 2,500 NFTs in December with a unique rarity pattern. The drop sold out in less than an hour. The collection was heavily supported and purchased by top music NFTs collectors or “whales”, who bought more than 100 pieces.
It trades 138.67 ETH per month. It has 94.247 Ethereum in primary sales and 44.324 Ethereum in secondary sales.
Moonshot / Gypsy Heart
Violetta Zironi is quickly becoming one of the most consistent independent artists within the space. However, she has charted in top ten four times in seven months. Her debut “Moonshot”, which features artwork by her dad, Disney animator Giuseppe Zironi is still selling well on OpenSea with 19.24ETH traded in December.
Gypsy Heart, her newest collection, is now available for existing fans and holders through an early access mint pass. Zironi earned 40 ETH by selling 500 mint passes (out a total of 5 000) in December. It trades a monthly volume of 59 ETH. It has 40 ETH in primary and 19 ETH secondary sales.
Armin’s All-Access (AAA)
DJ Armin van Buuren created an all-access pass in December. NFT holders will however be granted access to the Web3 fan club. NFT holders will have access to the DJ’s Discord server in a private section. They can also access unreleased tracks, studio live streams and exclusive events. Each NFT includes music from the Dutch producer and 10 variations of digital artwork by Rik Olstenbroek. The duo sold 952 passes at $199 each in December.
It has $210 120 monthly trading volume. It has $189,448 in primary and $20,672 secondary sales.
For the seventh consecutive month, the Bored Ape supergroup has remained among the top ten. Thanks to the steady sales on secondary markets like OpenSea, however, The band began teasing video footage in the studio where James Fauntleroy and Hit-Boy are currently working on the band’s music in December.
25 ETH is the monthly trading volume. It has 25 ETH in secondary and none in primary sales.
Also read: What is Real Estate NFT? What is its impact on the real estate sector?
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.