How to price your Music NFT

As a musician, you’ve probably heard a lot about NFTs (non-fungible tokens) lately. They’re all the rage, and for good reason. NFTs offer musicians a new way to sell their music and receive payments for it that is much more direct than traditional methods. However, if you’re thinking of creating an NFT, you might be wondering how to price it. Here are a few things to consider when setting a price for your NFT.

The first thing to consider is the length of the song. If you have a shorter song, you might want to charge less for it since people won’t be listening to it for as long. On the other hand, if you have a longer song or an album of songs, you might want to charge more since people will be listening to it for a longer period of time. You should also consider the quality of the recording. If it’s a high-quality recording, you might want to charge more since people will be getting a higher-quality product. If it’s a lower-quality recording, you might want to charge less.

You should also consider what type of NFT you’re creating. If it’s just an MP3 file, you might want to charge less since people can easily find MP3s online for free. However, if you’re selling an exclusive access pass to your live stream concert or an unreleased track, you’ll be able to charge more since these are rarer items that people will be willing to pay more for.

Finally, you should consider your own time and effort when setting a price for your NFT. If you spent months working on an album, you’ll be able to charge more for it than if you just recorded a single track in a couple of hours. You should also factor in any additional costs, such as hiring someone to design your NFT or paying for marketing materials.

So, How Much Should You Charge?
Now that we’ve answered the question “what’s the value of an NFT?”, we can move on to answering the question “how much should you charge?” This is where things start to get a bit more subjective. There are really two schools of thought when it comes to pricing an NFT:
1) Price it according to what people are willing to pay
2) Price it according to what it actually costs you to make

There’s no right or wrong answer here; it really depends on your own personal preferences. If you’re more interested in making a quick buck, then you’ll probably want to go with option 1 and price your music NFT according to what people are willing to pay. On the other hand, if you want to ensure that everyone who buys your music NFT gets their money’s worth, then option 2 is probably the way to go.


NFTs are a hot commodity right now, and as a musician, you might be considering creating one yourself. When pricing your NFT, there are several factors to consider, such as the length and quality of the recording, what type of NFT it is, and your own time and effort that went into creating it. By taking all of these factors into account, you’ll be able to set a fair and reasonable price for your NFT that will maximize its earning potential.