Audiostock, one of the world's largest royalty-free stock music services, has announced its entry into the NFT business using blockchain technology.
Audiostock aims to promote the use and sales of NFT in order to increase opportunities for music creators, and to clarify rights information by recording purchasers and rights holders of music works on the blockchain.
Utilizing Blockchain to Clarify Rights Information
In entering the NFT business, Audiostock has announced the launch of "Music License NFT," a new type of music license that converts the license itself to NFT.
By converting the license to NFT, a record of the purchaser and rights holder will be kept on the blockchain, clarifying rights information.
This makes it possible to prevent unauthorized use by third parties.
AudioStock, Inc. commented that it will continue to utilize NFT to build a music distribution system that music creators and users can use with peace of mind.
Japanese Traditional Music -WAGAKKI-" is now available on "OpenSea
On Wednesday, December 14, 2022, three " Music License NFTs " created in collaboration with Audiostock, Inc. and music creators active on Audiostock, will be available for sale on the world's largest NFT marketplace, OpeanSea". The three works are now available on OpeanSea", the world's largest NFT marketplace.
All three music license NFTs are "Japanese style" music, which is in demand both in Japan and overseas, and were produced by recording live performances of Japanese instruments in a recording studio.
Music License NFT" can be purchased by one person per work, and the purchaser can use the music for various contents such as apps, games, and videos within Audiostock's terms of use.
Music creators will receive revenue through Audiostock when their works are purchased by "OpenSea".
Music License NFT" will be available at "OpenSea" and can be purchased at the " Japanese Traditional Music -WAGAKKI-" OpenSea sales page. Please check it out if you are interested.