Although many people associate non-fungible tokens (NFTs) with digital pictures sold as blockchain-based assets, there are many other applicable categories. One fast-growing ecosystem in the NFT industry is music NFTs.

On the surface, music NFTs may appear like the blockchain alternative to buying tracks on iTunes. However, when you buy a track on iTunes, you only buy the right to listen to that music.

There’s no asset ownership on iTunes – only a license to listen to what you’ve just paid for. In contrast, music NFTs let anyone listen to tracks but also confer ownership over that file through an NFT.

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