Here to change the way that artists and fans interact forever, cryptocurrencies and blockchain technologies are on tour in the music industry – from digital ticketing to distribution, NFTs are taking over. Let’s take a close look at the top four NFT platforms fronting the way: Centaurify, MusicArt, and Meteora.
Centaurify
Centaurify, a music NFT universe, helps music fans connect to their favourite musicians through NFT tickets, live events and official merchandise. Centaurify’s mission is to disrupt the music business by taking over from the scalpers while giving back control to the artists using blockchain technology.
Scalped tickets are selling at astronomical prices today, and only a small percentage of the original sales go to performers. The live event market is expected to grow 10x in 2025. This means that a lot of money is being taken from people who truly deserve it. Centaurify has created tokenized tickets to combat scalping and empower artists.
Official merchandise produced by musicians is an important part of building artist-fan relationships. Fans can collect mementos from concerts or support artists, but musicians also have another income stream which allows them to produce their work. Fans should proudly wear their band’s logo or symbol. It gives them the feeling of belonging, and helps others feel the same. Centaurify gives musicians an opportunity to make their merchandise available directly via their platform. Fans can also purchase merchandise with confidence knowing it is original and will directly support the artist.
Their platform is still under development but it boasts an impressive list music and crypto partners and backers, such as Solana and Polkadot.
MusicArt
MusicArt, aptly named NFT Marketplace for Music Art is an NFT market that supports the planet. It focuses on music art. MusicArt offers music enthusiasts a fresh way to listen to new songs and artwork. This re-affirms the value of album artwork and allows artists to make extra money by selling their visual outputs through NFTs.
All MusicArt NFTs are hosted on-chain, and are part of a fully open market – NFTs can be transferred out to external wallets or resold. Fixed-price listing and auctions are both supported. This allows artists and sellers to choose the best way to market their products.
Meteora
Meteora, an NFT-based music internet platform, brings artists and listeners together into one metaverse. Lunaris.core’s layer-2 protocol, an industrial-grade layer-2 cryptographic blockchain that allows for secure and instant transactions across multiple blockchains. It keeps the music streaming and keeps it scalable.
In addition to the freedom to own, sell, and trade music NFTs, Meteora offers listeners several unique benefits tuned to maximize their listening experience – to name a few: high-quality streaming, a state-of-the-art app, and an AI module that provides excellent listening suggestions.
Artists have full publishing control and can benefit greatly from the feature set. Artists are able to select from copy-based, streaming or master sales, while also setting their pricing. After making sales, artists can either take payouts immediately or let their profits grow in their account in the form of Meteora’s $MRA token.
Meteora is also a platform for professionals. It creates a community that supports everyone in creating and enjoying music. Meteora offers all of the tools necessary to create labels, manage rights and royalties, sell production services, manage events, administer licenses, and more – everything that professionals need to run their projects.