- 220 ETH in 9 months.
- 840 holders roughly
- 0.05 ETH/$77 mint
The average gain per holder who minted would be about 0.21 ETH, which today equals about $330.
Let’s break it down further 👇🏻🧵
Let’s say you minted a Moonshot for $77.
In less than a year you’ve made your investment back, plus $330.
Let’s say you bought a Spotify yearly subscription for $99.
In 1 year you’ve made absolutely $0 back.
Lol.
Now let’s look at it from the artist’s perspective. 👇🏻🧵
An independent artist can spend an average of $30K for a 5 songs album.
In the last YEAR I made about $300 from Spotify.
That is LESS than the average ROI for each one of 840 music NFT minters in less than 1 year.
See where I’m getting at?
Now… 👇🏻🧵
WHY MUSIC NFTs?
When you buy a music NFT, you allow an artist you believe in, to work on their business and career (instead of having to get a side job) and grow their presence.
And then you get the return.
WHY NOT SPOTIFY?
When you pay for a Spotify subscription, the money doesn’t go to the artist.
That way, you are consuming the Artist’s music for free… pushing them to stop making music because they cannot pay their bills.
And no one makes a return.
Again, LOL.
MORE REASONS WHY MUSIC NFTs
On top of what said above, music brings people together. Cheesy but true.
So a strong community is a given. Hence why the fast and steady growth of the artist.
And finally.. the exposure potential for music is massive.
Movies, brands… 👀
CLOSING THOUGHTS
If you allow an artist to make their art, they will work harder than any founder, because they do it for love. Those that TRULY love it.
They will not stop.