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Loud Market – NFT’s premier music market

Loud Market Ltd launched on November 24 the world’s first Music NFT marketplace for buying and selling music in the form of crypto assets.

London, UK, November 26, 2021 (GLOBE NEWSWIRE) –

Loud Market Ltd launched on November 24 the world’s first Music NFT marketplace for buying and selling music in the form of crypto assets.

NFTs have completely reshaped the financial art world in a way that has massively benefited artists and individuals. This decentralized technology, however, has been completely ignored by the music industry, an industry that would benefit greatly from decentralization and redistribution of financial processes. Loud Market is designed to empower artists by making it easy for them to sell their work directly to fans by converting music into liquid, marketable assets.

Currently, over 250 musicians have signed up to post work on Loud Market, with dozens of apps entering daily.

The problem with music:

Did you know: Experts estimate that artists receive only 14% of the total profits of the music industry!

The Loud Market community sees this number as a big deal. While NFT technology has allowed visual artists to freely sell their work, musicians have been left behind at the whim of major record labels and streaming companies. Many low- and mid-level musicians are unable to enter a market dominated by big players, who themselves lose much of their profits to these companies. Additionally, it is increasingly difficult for fans to interact with their favorite artists as marketing and media companies have continued to exercise greater control over the industry.

How does the noisy market solve this problem?

Loud Market will completely restructure the way musicians enjoy their work by removing the complicated process associated with streaming and all unnecessary middlemen. At Loud Market, musicians can sell their music directly to their fans as collectibles and tradable. By structuring the music industry through decentralized NFT technology, Loud Market allows musicians to regain control of their music and regain the level of autonomy that once existed with physical sales. In accordance with this, musicians keep 100% of their sale price, as Loud Market takes 0% fees from all transactions in the market. Loud Market isn’t your standard NFT streaming platform, it’s a property-based marketplace where musicians and fans can seamlessly interact.

Quality of listeners vs quantity of listeners

This new revenue structure will revolutionize the valuation of music. Current streaming structures depend entirely on the number of listeners a song / artist gets. If we replace this system with auction and sale style listings, these songs suddenly become valued by the quality of the listeners.

Two fans can bid on the price of a song much higher than their streams will ever generate

Benefits for artists

The first obvious benefit for artists is that they can choose the starting sale / auction price for their music and then sell directly to fans and consumers. Following this, they keep 100% of the sale price and do not donate anything to the platform. This structure guarantees them instant income from the sale of their music, but the addition of “royalty fees” helps ensure continued income from previously sold NFTs.

Artists can choose a specific royalty percentage which is then integrated into the NFT smart contract. All future sales of this NFT “refund” the chosen percentage of the sale price to the original creator.

A return to artistic freedom

Today, many musicians are faced with the dilemma of continuing to make the music they love, the way they love it, or of “selling” themselves according to specific deadlines, genres and quotas assigned to them. by centralized musical organizations. If artists can list and sell their music directly to their fans, they will be freed from the chains of a centralized music industry. Artists will not have to choose between controlling their production process and earning an income from their work.

In conclusion, Loud Market is the first NFT project to attempt to make such dramatic changes to the structure of the music industry, and the support from the crypto and music communities is overwhelming!

If you are a musician and want to start making money from your work, register at Loud Market now!

For more information, please visit https://loudnft.co and https://loudmarket.com

Website: https://loudnft.co

CONTACT: Name: James Gray Email: [email protected] Organization: Loud Market Ltd Address: 60 Kemp House City Road, London, England, EC1V 2NX


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