NFTs are starting to reshape the music industry in various ways. In a modern streaming service-dominated environment, there are substantial issues related to fair royalty payments. Still, with the use of NFTs, artists can be more independent and efficient in connecting with their fans in various ways. 

Now let’s look at the best NFT music marketplaces and platforms in the world of music NFTs.

Best NFT Music Marketplaces on Ethereum

Nifty Gateway

Nifty Gateway is one of the biggest players in NFT music sales. However, it is also one of the most difficult platforms to get accepted on, due to its focus on catering to the top musicians. 

Type of blockchain: Ethereum

Payment types: $ETH, debit, and credit card

Platform fees: 5% +30 cents on every secondary sale

Who is it perfect for?: Highest caliber artists and celebrities

Auction style: Buy It Now, Timed and Silent

Royalties for secondary sales: Subject to customization

Origin Protocol

Origin Protocol’s platform is centered around a higher degree of NFT customization, lower fees, and making it more accessible to all types of creators. The platform aims to become a leader in powering decentralized and peer-to-peer marketplaces.

Type of blockchain: Ethereum

Payment types: $ETH, $DAI, $OGN

Who is it perfect for?: For slightly more proficient tech and crypto users who have a particular campaign in mind

Auction style: Highly customizable

Royalties: Highly customizable

OpenSea

OpenSea is the largest marketplace in the world for crypto-collectibles and NFTs, and their music NFT section is for sure one of the most active. Anyone can access it, and after initializing your account, you can create and sell NFTs without paying the gas fees. This platform is ideal for creators on a budget.

Type of blockchain: Ethereum

Payment types: $ETH, $WETH, $DAI

Platform fees: 2,5%

Who is it perfect for?: For a creator of any size and budget

Auction style: Buy It Now and Timed Auctions

Royalties: Subject to customization

SuperRare

SuperRare is a curated digital art platform that aims to improve and maintain their music NFT section. The application process is quite selective, and is not accessible to all types of creators.

Type of blockchain: Ethereum

Payment types: $ETH

Platform fees: 15% to the gallery + 3% to the marketplace

Who is it perfect for?: Well established artists and creators with a sizable following

Auction style: Scheduled Auctions, Reserve Auctions, Open-Ended Offers, Buy It Now

Royalties: 10% of every secondary sale

Rarible

Rarible is another easily accessible platform that, despite being originally more focused on digital artwork, is also seeing an increased volume of music NFT sales.

Type of blockchain: Ethereum

Payment types: ETH, WETH, DAI, RARI, ATRI

Platform fees: 2,5 %

Who is it perfect for?: Creators of all sizes and budgets

Auction style: Buy It Now, Open-ended offers

Royalties: Customizable

Alternative & Innovative NFT Music Marketplaces 

Opulous

Opulous is a platform created by Ditto Music, and it aims to create an ecosystem where creators and their fanbase can earn together. Opulous allows creators to sell NFTs with embedded royalties from a particular song or album, allowing fans to become direct stakeholders in the music. This concept massively impacts the music promotion incentives of the fanbase.

Type of blockchain: Algorand

Payment types: $OPUL

Who is it perfect for?: Artists and creators that want to connect with their fanbase

Audius

Audius is a music streaming service that operates by paying artists revenue from streams. Audius creates the timestamps of the content, allowing artists and fans to become decentralized node operators that further support the network. The platform aims to become a leader in the “B-Side” and behind-the-scenes content bundling. We are definitely going to see more of Audius after their partnership and integration with TikTok last year.

Type of blockchain: Ethereum & Solana

Payment types: $AUDIO

Who is it perfect for?: Artists and creators that want to connect with their fanbase in a stronger way

One Of

One Of is a Quincy Jones-backed music NFT exchange that claims to be the low fee, greener version of what’s currently available. The exchange’s concept relates to creating a wide range of buying options, allowing even low budget enthusiasts to take  part in the NFT music world. Additionally, One Of tries to facilitate the wide mass adoption of this technology in music.

Type of blockchain: Tezos

Payment types: Credit and debit cards

Who is it perfect for?: Both music enthusiasts that want to get involved with music NFTs at a more accessible level and more high-profile artists

Triptcip

Triptcip is the first audiovisual NFT art project in collaboration with electronic music producers. The music platform launched in July 2021, and gives musicians the power and freedom to create a mind-blowing, full package NFT without having to rely on visual artists.

Type of blockchain: Ethereum

Payment types: Crypto

Who is it perfect for?: Musicians who want full control over the music-making and selling process.

Noizd

Noizd allows both musicians and collectors to enjoy music without any middlemen and hidden fees. Users can buy and sell the full rights to incredible, unreleased, original music. Artists are in no way obliged to sell the rights to their music, however, by doing so it encourages collectors to root for the musician’s success, so both sides can benefit.

Type of blockchain: Ethereum

Payment types: $NOIZD and crypto

Who is it perfect for?: Creators and buyers who want an innovative music NFT marketplace

TokenTraxx

TokenTraxx is an innovative music curation platform with a focus on transferring power into the hands of musicians and fans. It is the brainchild of notable house DJ, Tommy D and co-founder Miles Leonard, formerly the chairman of Parlophone Records, and Warner Music.

Type of blockchain: Polygon

Payment types: $TRAXX and crypto

Who is it perfect for?: Creators and buyers who want an efficient and innovative music NFT marketplace