The technological hurdle of crypto is another issue musicians face getting started with music NFTs. A basic understanding of crypto is required. As explained before custom smart contracts and minting websites add even more complexity.
For example, there is currently a real challenge with ability to handle proper splits. This would be when you want to pay each person involved in the music a certain amount. Each musician in the band may get a buy afghanistan cell phone number list amount of money, but also the label, the producer, and any other party involved.
A great example of this is beat makers looking to replicate the model from Beatstars. There is no equivalent at this time; not with the platforms in place now. It can be done, but you have to write your own custom smart contracts. Keep this issue with splits in mind because it can be a make-or-break decision for you. The money made from NFT sales can be split, but it’s a manual, human process.
The technological hurdle of crypto
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