NFTs (non-fungible tokens) are taking the world by storm, and for good reason! This new feature gives the power back to hardworking creators, giving them the maximum value and exposure they deserve. As a company built by artists, for artists, we are all about this emerging trend.
Now, DAD can help set up your NFT, covering all gas costs as well as provide marketing resources to help maximize the value of your efforts.
What is an NFT?
NFT stands for non-fungible token. Most NFTs are part of the Ethereum blockchain. Ethereum is a large and well-known cryptocurrency, like Bitcoin, but its blockchain also supports smart contracts, including NFTs. These non-fungible tokens store extra information that makes them work differently from, say, a regular Ethereum coin.
Artists should consider doing an NFT to connect with fans directly and build brand awareness in a unique and cutting-edge way while raising funds for your next album, project, etc.
Who can we work with?
We are currently very selective over who we can work with on NFTs. Why? — While this feature is relatively simple to set up, financial results are not always guaranteed. We can work with:
- DJs and producers
- Record labels
What we bring to your NFT:
- Gas setup fees on exchange(s) as well as additional funding if needed
- Ability to act quickly to set up and execute your NFT campaign
- Engaging with exchanges to ensure that the campaign receives prominent support
- Creative structuring and digital marketing solutions to enhance and differentiate your campaign
- Marketing and PR expertise
- Decades of expertise in music metadata, copyrights and rights administration
- Core distribution platform and royalties/collections/analytics
Are NFTs for real?
NFTs have become hugely popular with cryptocurrency users and companies alike because of the way they are revolutionizing the gaming and collectibles space. Since November 2017, there has been a total of $174 million spent on NFTs. Recent music-related successes in this space include Grimes, 3LAU, Illmind, and others.
Why do this with DAD?
A variety of exchanges are available with NFT’s. That being said, anyone can do them on their own if they do the research and understand how it works. You certainly do not have to work with us exclusively if you do not want to.
The reason we’re doing this is because we feel that solely creating an NFT isn’t enough. We believe that you need a smart, strategic, tactical, and marketing-driven approach to ensure that your NFT does well in this market.
You do not have to be a digital distribution client to work on NFT’s with DAD. This application process is highly selective, and we will reach out to you directly if we feel that our services have potential to add value to your efforts and help make your NFT reach maximum value.