How to buy a Tory Lanez NFT?


Digital music NFT - Tory Lanez

How to buy a Tory Lanez NFT?

Google is lately buzzed with the question of how to buy a Tory Lanez NFT. If buying a Tory Lanez NFT is something that interests you, you are at the right place. In this article, we will talk more about Tory Lanez digital album, his career, and of course, answer your question about how to buy Tory Lanez NFT album.

How to buy a Tory Laney NFT album?

Before you rush out to buy Tory Lanez NFT, there are four things you should first consider:

In which market do you intend to buy Tory Lanez NFT?

Which wallet do you need to download to log into the platform and purchase NFTs?

What cryptocurrency do you need to fund the wallet in order to complete the sale?

Are the non-fungible tokens you want to buy sold at a specific time, i.e. via a pack or an art drop?

As you can guess by now, some NFTs are only available on specific platforms. For example, if you want to buy, trade or buy Tory Lanez NFT, you will need to open an account with a specific crypto exchange. You can shop using Ethereum from your MetaMask Digital Crypto Wallet. It is also possible to pay with supported fiat currencies like Euro, US dollar, etc.

Digital music art is increasingly common as a method of selling rare NFTs to a hungry buying audience. Users normally must register and fund their accounts beforehand so as not to miss the opportunity to purchase NFTs. Art NFTs can be sold in seconds, so you need to prepare everything ahead of time.

How to buy a Tory Lanez NFT step by step guide

The rapper and producer launched his first NFT album, “When It’s Dark,” on August 10th. Tory Lanez sold millions in just 60 seconds. Many became frustrated about getting their hands on “the first-ever music streaming NFT.” Luckily, the E-NFT marketplace dropped another round of NFTs on August 24.

Before buying the Tory Lanez NFT album, you need to have an account open on a crypto exchange that offers this specific NFT like Coinbase – this is imperative. Next, you’ll have to fund your account with one of the accepted cryptocurrencies. Once you’ve finished that, here’s a step-by-step guide on how to buy a Tory Lanez NFT.

Purchase a Tory Lanez album following these steps

  • Visit E-NFT.com and create your account.
  • You must confirm your email address. Go to your email. Click on the link to complete the process of registration.
  • Then download the E-NFT app and tap in your login credentials.
  • You will get a code on your email. Copy and paste into the Authorization Code field.
  • A guided tutorial will show you around. Once finished, you have to click on Return to E-NFT.com.

Once all this is done, you are ready to buy Tory Lanez’s album.

All the listings you’ll notice on the digital marketplace are NFTs purchased from the first drop. Resellers are setting their own price. Once you see a price that fits you, click on “Buy It Now.”

On E-NFT, you can either buy with a credit/debit card or crypto. But even if you opt for a credit card, you need to pay with crypto. That’s why you need to, before all these steps, fund your crypto exchange account at the outset).

  • Then, click on ‘make a crypto payment now.’

Follow the prompts to buy the Tory Lanez NFT limited edition. When the transaction is complete, you’ll see the digital-music collectable in your wallet.

NFT
NFT stands for non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only. The most popular NFTs right now include artwork and music, but can also include videos and even tweets.

Tory Lanez’s Career

The 27-year-old rapper, named Daystar Peterson, is a Canadian rapper singer-songwriter, and music video director. After releasing his first mixtape in 2009, he released several mixtapes, including Chixtape, before leaving the label and becoming an independent artist. In the early 2010s, he continued to release songs and mixtapes, becoming very popular. He did his first tour, the Lost Cause Tour, in 2014, and also during this period ghostwrote songs for Akon, T.I. August Alsina, Travis Scott, and many others. He is the first rapper to sell his album solely as an NFT. In August 2021, he decided to sell 1 million copies for $ 1. The million albums sold in 57 seconds, a record for the artist.

Whether it’s by beefing up with other rappers and singers or becoming the king of music samples, Tory Lanez is usually always in the headlines. Over the past couple of years, the singer-rapper has made a name for himself in the music industry.

After more songs, he released “Say It,” the first single from his debut album in 2015. The song was a huge hit, reaching No. 40 on the Billboard Hot 100. He released several other songs on the album and performed on Jimmy Kimmel Live! The album, Je t’ai Dit, was released in 2016, reaching No. 4 on the Billboard 200. The album’s second single, “Luv,” is Lanez’s highest single on the Billboard Hot 100 in # 19. By this point, Lanez had gained a reputation for sampling classic songs from different periods in the history of music.

In 2018, Lanez released two albums. These were Memories Don’t Die and Love Me Now. For his great success in the music industry, Lanez amassed a net worth of $ 4 million, according to Celebrity Net Worth. On August 12, 2021, Tory Laney sold millions of copies of his NFT album called “When it’s Dark.”

He currently boasts 18 million Spotify listeners per month. Also, he has accumulated 2 billion YouTube views. The musician plans to reach corporate mogul status through tech, music, food, and fashion.

What is an NFT?

You can think of NFTs as a digital certificate of authenticity.

In real life – classical works of art, antiques and other historical items are often auctioned with a receipt certifying that they are genuine.

NFTs serve the same goals but for digital items.

They allow mp3s, GIFs, videos, jpegs, and just about any other file format to be certified as unique.

This technology provides a new kind of “ownership” for digital files that were not possible before.

NFTs can be bought, collected, sold, and even destroyed, just like physical items.

Thanks to the blockchain, these come with transparent transaction history and prices visible to anyone with an internet connection.

The process of turning your work into NFT is known as “minting”

“Mining an NFT” is how your digital art becomes part of the Ethereum blockchain – a public ledger that is immutable and tamper-proof. Just like metal coins are minted and put into circulation, NFTs are also tokens that are “minted” once they are created. Your digital artwork is represented as an NFT so that it can then be bought and traded in the marketplace and digitally tracked as it changes collectors in the future.”

So minting refers to the act of creating a new token on the Blockchain that will be forever attached to that content.

When an artist creates an NFT, they attach a built-in commission (usually 10-30%) that they will receive each time the work is resold in the future.

So this is a great opportunity for digital artists, but also a whole new opportunity for investors !!

Music and creation: The impact of NFTs on the music industry

As explained above, creators and musicians use NFTs in different ways. Yet a question remains: what will be the long-term benefits of NFTs for independent artists? And more pragmatically, how can you sell your music using NFTs?

NFTs are part of a whole new ecosystem to sell their creations and works, in addition to physical media like vinyl and CDs and streaming with Spotify and Apple Music, among others.

Fans can now collect videos, a portion of your music, or visuals depending on how much you value them. In addition, virtual reality and artificial intelligence techniques only expand the possibilities for creating rich and immersive digital experiences. The possibilities are endless with NFTs.

Since it is the market that determines the value of an NFT if demand increases its price as well. When fans buy your NFTs they are investing in your music project. By gaining notoriety, your NFTs will increase in value.

This is a way to receive royalties on every recorded transaction. Imagine for a moment the following situation: You create an exclusive release and sell only 100 physical copies for € 10 each. 5 years later, these copies could be sold on eBay for 1000 €. If you sell the copies linked to an NFT you receive a 10% commission as a creator. Nowadays, when there is an exchange of CDs or vinyl, the creator does not receive a commission but in the case of NFTs, it is possible to incorporate a program that allows the creator to receive a share of the sale price at each transaction.

What are the main concerns related to NFTs?

NFTs have value in the digital world, but technically it’s easy to make a copy of your creation. With your songs on Spotify, you receive royalties for each stream (and you keep 100% of the royalties by distributing with Spinnup). A track released only as an NFT can be copied and downloaded without purchasing the NFTs, although the listener will not have a valuable digital file, they will still be able to enjoy your music.

There are no regulations or rules surrounding the purchase of NFTs yet, which can cause concerns between sellers and buyers. NFT services are believed to be reliable, but new services appear every day. You have to remain vigilant and do your research before working with a particular service.

The world of NFTs is brand new and continues to evolve every day. We hope it will provide an interesting new ecosystem for artists and their fans.

The post How to buy a Tory Lanez NFT? appeared first on FinanceBrokerage.



Source link