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Are Music NFTs Dead?

It's been a tough bear market for music NFTs, but the possibilities here are just beginning.
Are Music NFTs Dead?
William M. Peaster William M. Peaster
Jul 18, 2024 • 4 min read
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This week, Cooper Turley, creator of the onchain record label Coop Records, kicked off a wave of debate in the NFT scene by arguing that the original paradigm of music NFTs had failed. 

Of course, there are a few things to parse here:

Regarding that first point, I do think NFTs as basic MP3 files (many of which may prove temporary via IPFS) aren’t compelling as a distribution avenue if they aren’t 1) wrapped up in a larger interesting project, or 2) aren’t used in more expansive ways. 

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William M. Peaster

Written by William M. Peaster

1028 Articles • View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.

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