Music NFTs and Their Role in Video Games

by doli89 | May 1, 2023

Music plays a big role in video games, and NFTs can make the process of finding music easier for game developers.

The Web3 game industry or NFT game is growing rapidly. Research from Absolute Reports shows that the value of the NFT game industry could grow to reach $2.8 billion over the next six years. At the same time, the flow of investment funds into the NFT game sector is also quite heavy, and all of this has made more and more people believe in the potential of NFT games in the future.

But the NFT gaming industry is not a stranger to face issues. As pointed out by Axie Infinity, which is one of the most popular NFT games at the moment, NFT games have a tendency to depend too much on the economic aspect. In fact, without being accompanied by strong fun aspects, NFT games will generally have difficulty surviving in the long term.

As we know, video games were created so that people can have fun. Of course, earning money from playing NFT games is what triggers the fun. However, when a player starts to lose money, the fun will immediately disappear, and this is what often happens in most NFT games.

To foster a strong fun aspect, NFT game developers actually have many options other than just designing a good economic system. But one option that is often overlooked is music. In fact, music has always had a big role in the gaming industry since the beginning of the industry.

What is NFT music?

NFTs don’t always have to be digital artwork or avatars with thousands of combinations that can be used as profile photos on social media. Music can also be used as NFT, and lately the music NFT industry continues to experience positive growth, as can be seen from the many music NFT platforms in circulation.

NFT is the blockchain version of the music we buy from platforms like iTunes. The difference is, when we buy a song on iTunes, we actually only buy a license to listen to the song. Buying NFT music on the other hand means that we will get full ownership rights to the music work.

Sometimes, buying NFT music can also give you royalty rights, as the local NFT music platform Netra does. Long story short, NFT Music is here to simplify the complicated process that has always been associated with obtaining music licenses, and this convenience can also be enjoyed by game developers.

The benefits of music NFTs for game developers

Instead of having to rely on the inefficient method of buying multiple audio packs, game developers now also have the option to buy music NFTs individually. In this way, their search can be more targeted, and after getting the music they want, the audio files can be directly integrated into the game. All without involving convoluted contracts, artists can get fair compensation for their work instantly.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

RECENt NEWS

April 2024 Contest

Another contest is around the corner! On March 30th, 2024, we will begin our next giveaway! This time we will be giving away two $50 Amazon gift cards for two lucky winners! Once the the contest page is live, don't forget to sign up! I also want to remind everyone...

read more

Starfield Gives Birth to a New Generation of Classical Music

After experiencing a fairly "brutal" drought of first party games over the past few years, Microsoft finally has one flagship game in 2023. Obtained from the purchase of Zenimax and hence, Bethesda, the game ended up being an action RPG based on space exploration -...

read more
RELATED NEWS

April 2024 Contest

Another contest is around the corner! On March 30th, 2024, we will begin our next giveaway! This time we will be giving away two $50 Amazon gift cards for two lucky winners! Once the the contest page is live, don't forget to sign up! I also want to remind everyone...

read more

Starfield Gives Birth to a New Generation of Classical Music

After experiencing a fairly "brutal" drought of first party games over the past few years, Microsoft finally has one flagship game in 2023. Obtained from the purchase of Zenimax and hence, Bethesda, the game ended up being an action RPG based on space exploration -...

read more
backdrop-graphic

Search here

Latest news posts search