On a lighter note: my first NFT has been sold out! To one collector! This looks very positive. Im'gonna try another song
This is interesting. I have questions if you don't mind.
First, if am I understanding this correctly,
- you set up this song as an NFT with 25 copies to sell
- you sold 25 of these to one collector but they could have sold to multiple (up to 25) collectors
- they sold for approximately $1 each
- you got 90% of that amount (approx. $22.50)
- if the NFT collector (who bought all 25) sells any or all of these down the road you will receive 10% of that sale amount
- and you continue to earn 10% on all future sales (if any) of these NFTs
1) were there any fees at all to do this (not including the license fees because it is a cover)?
2) did the collector who bought this already know you and your music?
3) why did you choose a cover instead of one of your originals? I assume it was in the hope that song name recognition will help it's success chances?
4) how would one promote their NFTs? I assume, just like Bandcamp and Spotify, you couldn't reasonably expect to be randomly discovered.
5) was the process from start to finish easy or complicated?
6) what made you choose mintsongs?