I sold the First Metal Music Festival NFT in History
The NFT is here and has made beyond an impact. Both a loved and hated craze, but, who’s to complain when the world has crazed long before this over many quite strange things… Here are a few to remind you. Tickle me, Elmo. Beanie Babies, WWJD Bracelets, Giga Pets, Duck Dynasty are a few that come to mind.
With that being said, I knew absolutely nothing about NFT’s beyond that it's a digital photo that people can own and sell. I understood as much to relate that to a work of art. What value is placed on that work usually comes from the brand associated with creating it. If it's a local, unknown band or artist, there usually is no real demand therefore the price is commonly a bit lower. A more well know brand or artist, of course, charges more for the commodity.
I started looking into this as the owner of Summit Music Festival in Akron, Ohio, I wanted to find a way to cross-collaborate our festival with an NFT.
After spending some time researching, I could not find any other metal music festival NFTs that had been listed. This further drove my vision of creating the custom artwork from a close friend that could draw my vision.
Utilizing OpenSea mainly from a simple google search of “the easiest way to launch an NFT” that was the top recommendation. After needing to transfer money to a digital wallet and then into a digital currency (ETH) was my choice, I paid the fees to list and was off to the race.
My first NFT was listed and live. After careful consideration, I decided to put a fair listing price of a few hundred dollars (fractions of ETH) and the listing was live for up to 30 days. This is a 1 of 1 item and can not be found in 10,000 multiples.
Once I had my link, I simply shared it around groups, online, social media, and before i knew it…IT SOLD! Someone had purchased the First Metal Music Festival NFT in History! A glorious day. It worked.
A random and sort of fun idea has now turned into something I will forever cherish in a funny way. I see a lot of potentials for artists and musicians to utilize this as a way to communicate and share exclusive content to their fans in unique ways.
Do I see this changing the entire industry forever, not so much as perhaps it could be a fad? We will see is some years down the road what becomes of the NFT. Will it last or face the same fate as the others listed above? Stay tuned to find out.
