Grammy-winning producer Illmind auctions rights to new samples as NFT
Cointelegraph
Published Feb 25, 2021 09:03PM ET
Updated Feb 25, 2021 10:40PM ET
NFTs are being used to explore a new business model that puts music makers back in control of sales and copyright issues. Grammy winning producer Illmind released what he calls the “first ever NFT-backed sample loop/melody pack” on Feb. 25, putting a collection of 10 “melody compositions” up for auction on the Mintable NFT market app.
Based on Ethereum, the NFT is titled “ALORIUM” and contains an exclusive link to a file containing individual audio tracks of the compositions. It also comes with a “royalty-free guarantee” and a contract that gives the NFT owner rights to use the audio files for their own purpose.
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Written By: Cointelegraph
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