Music NFT sales in 2021: What we learned - Water & Music

For Water & Music's inaugural collaborative research report, over 40 of our community members across industries, geographies, career stages and skill sets came together to try to make sense of the immense challenges and opportunities that lay ahead for music/Web3's future.

Musicians have sold $70M+ worth of NFTs to date. 63% of sales revenue came from independent/unsigned artists.