The new Muse album, “Will Of The People,” will be the first-ever chart-eligible NFT album. The album, which will drop on August 26, is set to enter the UK and Australian charts. This event would make it the first NFT album to chart.
The Muse NFT album, which will be sold at £20 a piece, is limited to 1,000 editions. Fans who manage to get their hands on the digital pressing get a downloadable version of the tunes as high-resolution FLAC files. They also receive a different sleeve and the digital signatures of the three Muse members. Last but not least, the 1,000 holders will have their names permanently listed on the linked buyer list. As with any other NFT, the holders of the Muse NFT album can resell the NFT on the secondary market. If they do, 15% of the resale price will go straight to the band and their team.
Last April, the UK Official Charts Company approved NFTs as a chart-eligible format. Indeed, the British band The Amazons were one of the first bands to release an NFT version of the album in the hope of charting. What makes the Muse NFT album special is the fact that there is a great chance that it will actually chart and reach the number one spot.
In conclusion having such a big band show that NFTs can serve as just another release format will undoubtedly have an impact on other artists. Indeed, according to Sebastian Simone, there are similar release plans for other Warner acts.
She is a writer based in the India. She loves to write about the things that spark her interest like tech, art, blockchain, metaverse and NFTs.