Advantages and Disadvantages of Creating a Music NFT

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Before diving into the advantages and disadvantages of creating a music NFT, let’s take a moment to define what NFTs are. NFTs are unique digital assets that are stored on a blockchain, making them impossible to duplicate or replicate. They are a type of cryptocurrency that represents ownership of a particular digital asset, such as an image, video, or audio file. The blockchain is a decentralized, secure, and transparent digital ledger that records every transaction of the NFT.

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