Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Unsigned artists earn more money with music NFTs than Spotify


A significant number of unsigned artists have essentially used music NFTs to maintain their own status. What if one day, every music artist can create a living without relaying on big music companies?

For instance, Iman Europ, an unsigned singer and songwriter from Los Angeles, California, who earned 22.2 ETH (approximately $60,000) by selling five singles and a music video as NFT. By comparison, she made just $300 a month from playing on multiple platforms like Spotify & Apple Music.

In fact, Iman currently has 4 million listeners on these platforms. Moreover, streaming platforms, mainly distribute huge revenue reductions back to record labels and distributors. Just a small percentage goes to independent artists

In addition, as reported by FreeYourMusic, an artist needs more than 200,000 streams to make $1,000 in Spotify. If this trend continues, more independent artists will surely embrace music NFT.

Actually, with NFT tech, artists can also easily bypass the intermediaries of the music industry for financing. This is efficiently shown by Daniel Allen, who paid for his long-running play Overstimulated in October 2021. He raised a total of 50 ETH (around $140,000 at the time) via Instead, sponsors enjoy 50% of the original Overstimulated master royalties.

Currently, it appears so. Delphi Digital lately announced that the popularity of artists on Spotify does not actually influence NFT sales on the Catalog. Sales revolve around 1 ETH, regardless of the artists’ Spotify streams. This indicates that collectors are aiming to back lesser-known artists on Web 3.0.

Considering that music NFTs have changed the lives of independent artists, it has been a long time since they have been widely accepted. For more information about quality independent artists and their work, you can always begin with marketplaces like Sound, Royal, Decent and Catalog.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts

Leave a Reply

Your email address will not be published. Required fields are marked *