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Non-fungible tokens (NFT’s) are the latest cryptocurrency craze to explode within the music industry. Since they’re related to standard cryptocurrency, NFT’s are like collectible sports cards and essentially serve as a digital certificate of authenticity for “an object, real or virtual,” a tech expert recently penned in the L.A. Times. In theory, an artist can utilize a NFT to create a virtual concert experience or use it as a collectible token that gives its owners access to a virtual or physical performance of the same kind. Welcome to the future. The possibilities for creative customization are endless, but the key is that NFT’s are figuratively concrete and can’t be broken down into smaller amounts. In essence, exclusivity is preferred within the NFT market, which offers an added layer of control for the artist on how they choose to make their art a commodity.

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