Black Market Records becomes the first music label in Africa to try out NFT, the new modernized way of selling music.
In their catalog were Mbuzi Gang, Thee Exit Band, and Exray’s brand new song remix featuring his Excellency William Ruto among other renowned names in their label.
Since their launch in Africa BMR has taken tremendous efforts to make sure that they have paved ways for their artists, help them network and facilitate their brand enrichment. With NFT taking over BMR has already got the upfront ladder and given out financial exposure to their artists who believe me will thrive.
Now that the artistes are bound to become successful and so will their value of the music NFT they’ve invested in.
During a brief conversation with BMR CEO and founder, Cedric Singleton said that “Finding the value of ownership is very essential and through NFT we are going to generate more revenues for the artists we have signed”.
He went further to say that Black Market Records has been proven to be the only label in Africa that could provide a trusted workflow to render these services.
One fast-growing ecosystem in the NFT industry is music NFTs.
Music NFTs may appear like the blockchain alternative to buying tracks on iTunes however when you make the music purchases as a Non-Fungable Token there is proof of ownership. All that the artistes need is a compound fanbase of artistes who are willing and ready to make the purchases.
Their Music can be used as an investment asset, not just entertainment thus changing the dynamics between artists and fans.
Don’t sit back there and wait on this to pass by, get to learn and know about it.
