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Hello Band-in-a-Box lovers

I am so excited to release my very first music NFT! If you are interested in collecting NFTs then I would really appreciate your support in purchasing this. Current price is 0,0003 eth (about $1). Lets do this thing and see where it takes us.

https://www.mintsongs.com/editions/130294

Produced 100% with Band-in-a-Box

PS: for those who are concerned with the legality of this here is proof of my license

Last edited by JoanneCooper; 03/28/22 10:15 PM.

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I'm always intrigued by TLA's

Hope this is absolutely successful for you, Joanne.

Now, to check on that NFT bit.


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Originally Posted By: AudioTrack
I'm always intrigued by TLA's

Hope this is absolutely successful for you, Joanne.

Now, to check on that NFT bit.


grinIn case you have been living under a rock grin NFT = Non-fungible token. supposedly the next best thing for artists......perhaps after Spotify?

I am not sure where this thing goes but I've got my toe in the water. I am also trying to purchase my first music NFT....


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Originally Posted By: JoanneCooper
Originally Posted By: AudioTrack
I'm always intrigued by TLA's
Hope this is absolutely successful for you, Joanne.
Now, to check on that NFT bit.


grinIn case you have been living under a rock grin NFT = Non-fungible token. supposedly the next best thing for artists......perhaps after Spotify?

I am not sure where this thing goes but I've got my toe in the water. I am also trying to purchase my first music NFT....

Not living under any rock happening here Joanne. Thanks for actually describing the term. Must be more common knowledge in your parts. I genuinely doubt I'm the only one who wasn't familiar with the term, so the 'under a rock' comment was perhaps a little unnecessary. Good luck. I do hope it's very successful. I know you work hard.


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I had to read up on NFT's so you brought me out from under my rock Joanne. Good luck with the experiment. It sounds promising.

Charlie


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Originally Posted By: AudioTrack
Originally Posted By: JoanneCooper
Originally Posted By: AudioTrack
I'm always intrigued by TLA's
Hope this is absolutely successful for you, Joanne.
Now, to check on that NFT bit.


grinIn case you have been living under a rock grin NFT = Non-fungible token. supposedly the next best thing for artists......perhaps after Spotify?

I am not sure where this thing goes but I've got my toe in the water. I am also trying to purchase my first music NFT....

Not living under any rock happening here Joanne. Thanks for actually describing the term. Must be more common knowledge in your parts. I genuinely doubt I'm the only one who wasn't familiar with the term, so the 'under a rock' comment was perhaps a little unnecessary. Good luck. I do hope it's very successful. I know you work hard.


Apologies Trevor. It was meant as a joke but I realize it was in poor taste.

On a lighter note: my first NFT has been sold out! To one collector! This looks very positive. Im'gonna try another song smile


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Perhaps we aren't living on the digital cusp smile but we are internet savvy, have licensed 26 songs via the net, released many songs on the various platforms, create/maintain our website including occasional HTML encoding and conduct nearly all our financial activity on the net; however, NFT is a term we had zero familiarity with. So live and learn! smile

Hope it proves productive for you.

J&B

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Its the next big thing in buying stuff you can't touch with money that only exists as code. Can't see how that can go bad. But more power to those who make it work!


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I can see NFT transactions for something that is not reproducible, like an original painting. But what prevents the person who buys a music performance in digital form from marketing it further?

I don't think I want to go there, but best of luck.

Joanne, since forum rule #7 requires explicit permission from PG Music for advertising, have you checked with them as well? You should be OK since you used only BIAB.



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Originally Posted By: Matt Finley
I can see NFT transactions for something that is not reproducible, like an original painting. But what prevents the person who buys a music performance in digital form from marketing it further?

Absolutely nothing. The idea is that you're buying an NFT, which makes you the owner of that NFT as far as that blockchain system goes. Whatever the NFT points to, in this case an MP3, obviously remains as reproducible as ever.

It's all about collectability and saleability. If you have an NFT of an MP3 and can convince somebody to buy it from you, you might make money. The blockchain is there to support this sort of transaction. But it has nothing to do with playing music, the fact that the MP3 is involved at all is a technicality. You might as well be buying and selling NFTs of the number 17.

Last edited by Mark Hayes; 03/30/22 11:08 AM.
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OK, Mark, thanks for that, I think. Then if someone bought my music, it could be re-marketed legally in any way and the composer and publisher do not make anything further? No, thank you.


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You're purchasing a link in the blockchain that says you "own" what the link points to.

You might wonder what rights are conferred to the purchaser of the music NFT.

It's not "unique access", since anyone can go to the web page and play the song themselves. This is probably a grey area, since Joanne's mechanical license is only for "25 Digital Downloads", and that doesn't seem to be enforced by the website. But that's an issue for the website to enforce, not Joanne.

The purchaser of the musical NFT can't sell a copy of the NFT, because they don't have a mechanical license for that. The mechanical license that Joanne purchased gives her the limited right to create covers of the song. This wouldn't be necessary if she owned the mechanical rights to the song herself (say, one she wrote herself).

But this mechanical license doesn't transfer to the person who purchased the NFT, so they wouldn't be able to make copies of the NFT without purchasing a mechanical license for themselves, the same as Joanne needed to.

The purchaser of the musical NFT also don't have the right to play the NFT publicly, as that would require a public performance license.

The only transferable right the purchaser has is to sell ownership of the link.

So the actual value of an NFT is... zero. It's pure speculation.


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Vocal control, you say. Never heard of it. Is that some kind of ProTools thing?
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Originally Posted By: Matt Finley
OK, Mark, thanks for that, I think. Then if someone bought my music, it could be re-marketed legally in any way and the composer and publisher do not make anything further? No, thank you.

Hi, Matt.

See my response above. Since the owner of the NFT doesn't have a mechanical license, they can't re-market the NFT itself.

The only thing they can sell is the link. Which gives the rights to... sell the link again.


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Vocal control, you say. Never heard of it. Is that some kind of ProTools thing?
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AFAICS it's a bit like buying a signed limited-edition print. Other people can have copies of the print, but only the buyers have the signature.

I do find it a decidedly odd concept.


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https://en.wikipedia.org/wiki/Non-fungible_token

Quote:
NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files, do not necessarily convey the copyright of the digital files, and do not prevent the creation of NFTs with identical associated files.

NFTs have been used as a speculative asset, and they have drawn increasing criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams. The NFT market has been compared to a Ponzi scheme.

Last edited by Mark Hayes; 03/30/22 12:25 PM.
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NFTs are an interesting concept for sure and I don’t think anyone really knows where they are going. They could all just go to zero.

They have been quite successful for pieces of digital artwork (think JPEG). Sure they can be copied/ printed/ emailed/ displayed on your website but the blockchain knows who the “actual owners” are. So you can’t sell your “copy”. Sure you can “look” at it but you can’t sell it. It’s like having a photo of the Mona Lisa in your home. What joy would you get out of looking at it if you didn't pay anything for it? You sure can't sell it as an original. Even if you have the perfect "forgery" of a painting you can't sell it because the blockchain has a record of it and who the rightful owners are.

Edited to add. I think from an artist's perspective they are great because every time the NTF is resold you get a percentage. So unlike the “Napster” model, the artist is getting compensated for their work in perpetuity.

Last edited by JoanneCooper; 03/30/22 08:15 PM.

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To my way of thinking NFT's are as likely to be pirated and resold as anything else.

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Originally Posted By: TRYUK
To my way of thinking NFT's are as likely to be pirated and resold as anything else.

That is the beauty of the block chain. They can’t be pirated.


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Good Luck in your NFT endeavors, Joanne!

If anything this will be a good education to us all in the experiment.

Despite some of the negativity, I'm excited to see where this goes like I am a new tech toy.




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Originally Posted By: sslechta
Good Luck in your NFT endeavors, Joanne!

If anything this will be a good education to us all in the experiment.

Despite some of the negativity, I'm excited to see where this goes like I am a new tech toy.


Thank you Steve. Just tried it out with one of my original songs. Only put one copy on and it sold immediately.
I also purchased one but can’t see where you figure out how much is the going price if you want to sell it! It is a learning curve all round.

If you guys are interested I can keep you all informed. Let me know.

Last edited by JoanneCooper; 03/31/22 04:06 AM.

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Play-along with songs you know and love, download SGU files
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