NFTs that represent ownership of a song, an element of a song (a stem), or a share of royalties of a particular song. Web2 listening platforms (like Spotify) are terrible for small artists, paying artists a fraction of what they should be earning for their work.
With music NFTs, you can make a living by cutting out the middle man (like record producers) and targeting a specific audience, as opposed to needing to “get big” in order to make a profit.
Think of it like Patreon, but with the addition of tokens to prove your fandom and reap rewards from.
Some music NFT platforms:
Sound.xyz has a listening party feature where you can listen to a new song as it is debuted to a live audience.
Royal you can own a piece of your favorite songs, get a cut of royalties, and other perks decided by the artist.
Catalog lets you put out 1 of 1 music NFTs (a more intimate experience than selling 10,000 NFTs for your new album).