TheTopSpotOnline | NFT Marketplace
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The Problem - Top Spot

The Problem

Remember when an up-and-coming artist would walk up to you with a CD in hand asking you to buy their music for $5. Well, streaming platforms have taken away this kind of transaction for the up-and-coming music artist.

 

Today an artist would have to get over 2,000 streams before earning that same $5. The Music Stream NFT at TheTopSpotOnline promises to bring back the days of those intimate transactions between fan and artist. Indie-artists can start earning money for their music again.

 

Currently established musicians and artists are experimenting with selling their music tracks, albums, and covers as NFTs in auctions rather than through traditional markets.

The Music Stream NFT at TheTopSpotOnline will put established artists back in the driver seat of their careers. Making it easy to launch Music Stream NFT collections for existing and upcoming releases on streaming platforms.

 

In 2021, the Music NFT market value was estimated to be close to $1.240 billion. According to a recent forecast, the Music NFT market will reach a value of $42 billion by 2032.

 

We are showing that there is a different way to utilize Music NFTs that will work in concert with streaming platforms but still allow musicians to make direct sells to fans with Music Stream NFTs from TheTopSpotOnline.

The Music Stream NFT at TheTopSpotOnline is a non-fungible token that is tied directly to a song on a streaming platform. The metadata for a Music Stream NFT at TheTopSpotOnline is the liner notes from CD's and album covers. Something to read when listening to the song on a streaming platform.

 

TheTopSpotOnline captures data for Music Stream NFTs generated on their respective streaming platforms including:

  • Stream Counts
  • Current Playlists
  • Total Playlists
  • Current Playlists Reach
  • Total Playlists Reach
  • Current Charts
  • Total Charts

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