If you’re looking to invest in music and get involved in crypto, buying NFTs is the perfect way to do this. Let us explain how you can get your hands on productive music royalty shares, and buy NFTs through Fractis.
You may have heard talk of NFTs being on their way out. Maybe you feel like you missed the boat on this particular trend or craze. We’re here to let you know that that’s not the case!
When people think of NFTs, they tend to go straight to the profile picture/avatar based stuff. We’re talking about bored or degenerate or something or other apes. People use cryptocurrency to obtain ownership of a copy of some artistic image. The wording there is important…
We’re saying “a copy of” because buying an NFT doesn’t mean you own the art itself – the intellectual property does not become yours by default. You simply buy the right to display the image as your Twitter profile picture, or similar. You’ll also get a certificate of authentication that sits securely on the blockchain, proving you bought the NFT.
If this is sounding a lot like buying bragging rights, you’re not far off.
Instead of stagnant NFTs that don’t offer much value, Fractis offers NFTs that work for everyone – the sellers and the buyers. In this case, for the artists and the fans. Investing in fractional music royalties provides instant revenue for artists, as well as passive income for both artists and fans.
Learn more about it here!
How to Buy NFTs on Fractis
Anyone can buy NFTs on the Fractis marketplace. You don’t have to be a big business with a hefty budget. Also, you don’t have to have heaps of crypto or investment knowledge and experience. Fractis is designed to be accessible for anyone and everyone who loves music, and wants to help build a better industry for the future.
Getting started, so you’re ready to buy NFTs is easy! With just a few simple steps, you’ll be ready to invest in artists you love, or flex your A&R muscles and bet on the next hot thing.
Create a Wallet
To buy NFTs, you’ll need to set up a crypto wallet. Here, you’ll be able to securely store your cryptocurrency, and any NFTs you purchase.
Fractis is built on the Solana blockchain, and uses its native currency Sol. This means you’ll need to create a wallet that supports Sol. We recommend using Phantom. You can use it as a browser extension, or on the mobile app.
Once you’ve created a wallet, you’ll need to add funds to it. This means you’ll need to buy some Sol tokens. If this sounds a little alien to you, don’t worry! Your Phantom wallet is ready to help you out.
You can buy crypto directly from your wallet, as Phantom has several exchanges already linked. You can buy Sol using FTX Pay and a credit card.
To do this, open your wallet and click “Deposit”. Then hit “Buy or Transfer”, and select FTX Pay. A new window will automatically open, where you can create an FTX account and purchase Sol.
Connect Your Wallet to Fractis
Now that you’ve created a wallet and filled it with Sol, you’ll need to connect it to Fractis. This couldn’t be simpler. Just tap the “Connect Wallet” button in the top right corner of the homepage, and your wallet will be connected. After this, you’ll be able to buy NFTs on Fractis!