KEY POINTS
American rapper and Wu-Tang Clan member Ghostface Killah has unveiled plans to release his music as part of a Bitcoin-based non-fungible token (NFT) collection.
The announcement came via a post on X (Twitter) on March 18 by Killah, revealing a collaboration with Nakamotos on BTC — the brains behind the NakaPepes Collection — Rare Scrilla, and OrdinalsBot, a platform facilitating Bitcoin inscriptions.
The collection will consist of 10,000 NFTs, available for minting at no cost. Holders will be granted Creative Commons Zero (CC0) IP rights to the music — a licensing mechanism allowing for the free distribution of otherwise copyrighted material.
While specific details regarding the drop date and artworks remain undisclosed, Killah has initiated a giveaway on X, granting winners whitelist access.
This isn’t Killah’s first venture into the NFT space. His involvement dates back to 2021, when he collaborated with the Rare Pepe NFT project, known for its iconic frog meme, to introduce an exclusive Pepe NFT series. Each NFT featured a unique musical composition, with holders securing the rights.
Killah isn’t alone in leveraging NFTs to deepen engagement with fans and enable shared music rights.
In 2023, Justin Bieber‘s “Company” and Rihanna‘s “B**** Better Have My Money” were released as NFTs, granting fans a share of streaming royalties. Furthermore, NFTs have facilitated the release of previously unheard tracks, such as Michael Jackson‘s 1967 recording, “Big Boy (One-derful version),” which debuted as an NFT in December 2023.
NFTs are reshaping the music industry by enabling artists to reclaim ownership, directly engage with fans, and explore alternative revenue streams. Tokenization empowers musicians to monetize their work, distribute digital collectibles, and offer exclusive experiences, fostering deeper connections with their audience.
Industry forecasts paint an optimistic picture. According to Business Research Insights, the global music NFT market reached $1,350 million in 2021 and is projected to reach $15,010 million by 2031, with a compound annual growth rate (CAGR) of 28.23%.
