In 2023, #MusicNFTs need balance and long-term thinking to be sustainable.
What will Nifty Music do?
"Floor Drops", a thread π§΅ππ½ 1/12
What will Nifty Music do?
"Floor Drops", a thread π§΅ππ½ 1/12
- 2022 was great! π₯
At @NiftyMusicApp, we've helped independent artists generate over $1 million in sales last year.
How can we do better? ππ½ 2/12
At @NiftyMusicApp, we've helped independent artists generate over $1 million in sales last year.
How can we do better? ππ½ 2/12
- Long-term logic βΎ
Promoting Music NFTs is hard.
With Floor Drops, we want to ease the stress on the web3-music supply chain, making the creation, community building and sales process more sustainable long-term FOR ALL ARTISTS.
How? ππ½ 3/12
Promoting Music NFTs is hard.
With Floor Drops, we want to ease the stress on the web3-music supply chain, making the creation, community building and sales process more sustainable long-term FOR ALL ARTISTS.
How? ππ½ 3/12
- Wholesale model π°
With a Floor Drop, an artist releases a music single, and drops their "floor price" to just 0.01 $ETH.
The NFTs are sold wholesale, with a minimum buy-in of 5 and no max mint. π
Supply: 500-1.000
And... ππ½ 4/12
With a Floor Drop, an artist releases a music single, and drops their "floor price" to just 0.01 $ETH.
The NFTs are sold wholesale, with a minimum buy-in of 5 and no max mint. π
Supply: 500-1.000
And... ππ½ 4/12
- We design rarity + art π
Floor Drops offer a complete rarity structure + generative art, powered by Nifty Music. π₯
As usual, well-crafted drops are our guarantee. β
We make sure that the trading game is properly designed and fun to play. π₯³
The effects? ππ½ 5/12
Floor Drops offer a complete rarity structure + generative art, powered by Nifty Music. π₯
As usual, well-crafted drops are our guarantee. β
We make sure that the trading game is properly designed and fun to play. π₯³
The effects? ππ½ 5/12
- Easier profit πΉ
Collectors buy the NFTs low-cost so they become "retailers", potentially making easier profits. π€π½
Great discounts for early supporters means a healthy secondary market. (a win for the community! π)
Example: ππ½ 6/12
Collectors buy the NFTs low-cost so they become "retailers", potentially making easier profits. π€π½
Great discounts for early supporters means a healthy secondary market. (a win for the community! π)
Example: ππ½ 6/12
β‘ Buy 5 NFTs at 0.01 $ETH from an artist.
β‘ Sell 2 at 0.025 $ETH to fans who missed pre-sale.
β‘ break even and still hold 3 NFTs.
5 x 0.01 = 0.05 π΄ out
2 x 0.025 = 0.05 π’ in
Total spent = 0
NFTs owned = 3
Future profits = ? π
So... ππ½ 7/12
β‘ Sell 2 at 0.025 $ETH to fans who missed pre-sale.
β‘ break even and still hold 3 NFTs.
5 x 0.01 = 0.05 π΄ out
2 x 0.025 = 0.05 π’ in
Total spent = 0
NFTs owned = 3
Future profits = ? π
So... ππ½ 7/12
- Learn NFT trading π
For new collectors, Floor Drops provide a low-risk environment to practice trading and discover NFT culture, while supporting an artist. πβ€
And...ππ½ 8/12
For new collectors, Floor Drops provide a low-risk environment to practice trading and discover NFT culture, while supporting an artist. πβ€
And...ππ½ 8/12
- Organic, sustainable growth π
Floor prices will rise organically (they all start at 0.01 ETH) so there's less incentive to "pump your bags", making the NFT social ecosystem more relaxed for everyone. π
(Less shilling! π±π)
The best part ππ½ 9/12
Floor prices will rise organically (they all start at 0.01 ETH) so there's less incentive to "pump your bags", making the NFT social ecosystem more relaxed for everyone. π
(Less shilling! π±π)
The best part ππ½ 9/12
- Steady income for artists π΅
Artists releasing a single every 2 months would generate up to 30-60 ETH in a year (+ secondary royalties).
They can relax and focus on the rest of their career.
Music sales are covered. β
Final thoughts ππ½ 10/12
Artists releasing a single every 2 months would generate up to 30-60 ETH in a year (+ secondary royalties).
They can relax and focus on the rest of their career.
Music sales are covered. β
Final thoughts ππ½ 10/12
- Original promise π€π½
"Reward collectors for discovering new music and allow artists to focus more on creating and less on selling."
This was the original promise of NFTs, let's fulfill it in 2023! βπ½
Artist's mental health is important! π§
ππ½ 11/12
"Reward collectors for discovering new music and allow artists to focus more on creating and less on selling."
This was the original promise of NFTs, let's fulfill it in 2023! βπ½
Artist's mental health is important! π§
ππ½ 11/12
- Mass adoption β
We all want to onboard more people to music NFTs in 2023.
The #NFT space is ripe and hype is simmering down.
Now it's time for balance and long-term thinking. β―β
Floor Drops offer all this in an elegant package. π 12/12
Recap ππ½
We all want to onboard more people to music NFTs in 2023.
The #NFT space is ripe and hype is simmering down.
Now it's time for balance and long-term thinking. β―β
Floor Drops offer all this in an elegant package. π 12/12
Recap ππ½
Floor Drops are tradable Music NFT collections for everyone!
Music. NFTs.
Pure and simple.
Easy entry. Less hype.
A natural evolution of the digital ownership of music. π§¬
Key points ππ½
Music. NFTs.
Pure and simple.
Easy entry. Less hype.
A natural evolution of the digital ownership of music. π§¬
Key points ππ½
Nifty Music Floor Drops =
π Rarity structure (+art) for everyone
π Sustainable long-term
π’ Easy entry for new artists + collectors
π Learn trading
π³ Pay with ETH or credit card
π° 0.05 for 5 unique NFTs
π’ Supply: 500-1000
ππ½
π Rarity structure (+art) for everyone
π Sustainable long-term
π’ Easy entry for new artists + collectors
π Learn trading
π³ Pay with ETH or credit card
π° 0.05 for 5 unique NFTs
π’ Supply: 500-1000
ππ½
Our first artist to test Floor Drops is...
@fifirong!! π€©
π Whitelist open
β‘ niftymusic.academy/floor-drops
(100 spots only)
And... ππ½
@fifirong!! π€©
π Whitelist open
β‘ niftymusic.academy/floor-drops
(100 spots only)
And... ππ½
Who else can do a Floor Drop with us?
Everyone, including you! π₯³β€
Apply here at the bottom of the page β¬
niftymusic.academy/floor-drops
Everyone, including you! π₯³β€
Apply here at the bottom of the page β¬
niftymusic.academy/floor-drops
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