Poised to Upset the Music Publishing Industry, NFT Technology Lends Control Back to Musicians

Having carved his own path in the music industry for over three decades now, celebrated guitar icon Joe Bonamassa is working on his latest project with Heritage Auctions, where he and longtime business partner Roy Weisman are set to come up with one of the most fascinating, high-value offers by simply changing the rules of the NFT game.

The truly extraordinary duo sets Joe as the first artist to sell his music publishing in an NFT as part of this digital and physical collection. What truly ups the stakes in the world of art and music is the value.

The purchaser of the NFT will be able to own the master recording of the NFT piece of music.

These tokens are transforming the corporate world and Joe’s ingenious use of the new technology is now letting other musicians build their own businesses.

Joe’s auction is unique and stands to restructure how artists make and sell their art. This unbelievable lot comprises 13 items separately tokenized on the Ethereum blockchain, with each physical item likely to have a digital NFT element. This lot is a dream come true for any thoughtful collector of antique gear or NFT investor looking to expand their portfolio.

Some of these 13 items are incredible, they include, for example, 1 vintage guitar from Joe’s collection, a 1959 Gibson Les Paul Standard. A handwritten lyric sheet and 1 original cover art design. There’s even a personal “Nerdville” museum tour and lunch with Joe himself.

After realizing the beauty of NFT’s in the music world and their ability to let musicians prosper and cut out the middlemen, they are launching a music agency to help independent musicians find investors and form a community so people hungry for their music can find them.

Needless to say, it’s Joe and his clever thinking that is leading this revolution. No guitarist has ever received as much attention in the music and business media as Joe. To potential auctioneers, Joe inspires people to get in on the action. “Enjoy your NFT and thank you very much for participating. And by the way, show this to all your friends. Hell, you own it!”

Content Sources: top hints and technical information have been taken from https://www.bbc.co.uk/news/technology-56371912, https://en.wikipedia.org/wiki/Non-fungible_token, while the article has been written by Mr. David, an NFT Consultant from Dubai, United Arab Emirates.

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