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Here Are the Biggest Music NFTs in December as Year Ends 95% Down From January

NFTs had a wild 2022. January started with euphoric highs and a file $4.8 billion traded on OpenSea. By distinction, December ended the 12 months with a hangover — volumes down by 95% with simply $283 million traded in the month.

Still, the crypto winter hasn’t deterred musicians from embracing Web3. December noticed an uptick in music NFT exercise due to legacy artists Armin van Buuren and Styles P, in addition to high-profile drops from crypto-native musicians like 3LAU and Daniel Allan. The first “billion club” NFT was launched, unlocking streaming royalties in a observe with greater than a billion Spotify performs. Meanwhile, the unbiased scene continued to flourish with a seventh-straight month of rising quantity on Sound.xyz – the most important platform for unbiased musicians.

Across the ten largest music NFT initiatives tracked by Billboard in December, gross sales quantity was up 28% in ETH phrases (751 ETH) and 23% in greenback phrases ($949,781) from November. Based on evaluation of gross sales information from 19 completely different NFT platforms, unbiased releases mixed with secondary gross sales quantity on OpenSea, listed below are the ten biggest-selling music NFTs and collections in December 2022.

1/ Styles P – “The Farmacy Fantoms”
Monthly buying and selling quantity: 205 ETH ($249,280 at month-end conversion charge)
Primary gross sales: 170 ETH
Secondary gross sales: 35 ETH
Drop date: Nov. 28

The Farmacy Fantoms is a music NFT venture by rapper Styles P. The assortment of 6,666 animated ghost characters include completely different visible traits and one in every of ten completely different tracks. In the long run, holders can even get entry to occasions and reductions on Styles P model merchandise.

View the collection on OpenSea.

2/ Armin van Buuren – “Armin’s All-Access (AAA)”
Monthly buying and selling quantity: $210,120
Primary gross sales: $189,448
Secondary gross sales: 17 ETH ($20,672)
Drop date: Dec. 13

Superstar DJ Armin van Buuren launched an all-access go in December, granting NFT holders entry right into a Web3 fan membership group. The NFT unlocks an unique part of the DJ’s Discord server, in addition to entry to unreleased tracks, studio livestreams and unique occasions. Each NFT comes with music by the Dutch producer and 10 variations of digital art work by Rik Oostenbroek. The duo offered 952 passes in December, at $199 every.

View the collection on OpenSea.

3/ Reo Cragun x Daniel Allan – “Criteria EP”
Monthly buying and selling quantity: 138.67 ETH ($168,622)
Primary gross sales: 94.247 ETH
Secondary gross sales: 44.324 ETH
Drop date: Dec. 15

Two of the largest names within the unbiased music NFT scene teamed as much as finish the 12 months with a bang. Criteria is an 8-track EP fusing digital manufacturing from Allan and hip hop vocals from Cragun – who beforehand collaborated on Flume’s “Quits” EP. In December, the duo launched 2,500 NFTs with a novel rarity construction. The rarest observe, “Criteria,” has simply 25 editions making it considerably extra priceless than the commonest observe, “Supercharged” with 1,000 editions. “Supercharged” has a ground value of 0.056 ETH ($68) on secondary markets whereas the uncommon “Criteria” has a ground value of three ETH ($3,648).

Criteria was the most important ever drop on music NFT platform Sound.xyz, and regardless of the broader bear market in crypto, the drop offered out in roughly an hour. The assortment was closely supported by the main music NFTs collectors, or “whales,” — many bought greater than 100 every.

View the collection on OpenSea.

4/ Violetta Zironi – “Moonshot” / “Gypsy Heart”
Monthly buying and selling quantity: 59 ETH ($71,744)
Primary gross sales: 40 ETH
Secondary gross sales: 19 ETH
Drop date: April 2022

Violetta Zironi is establishing herself as probably the most constant unbiased artists within the house, showing on this high 10 for 4 of the final seven months. Her debut “Moonshot” assortment — that includes art work from her father, Disney animator Giuseppe Zironi — continues to generate sturdy gross sales on OpenSea with 19.24 ETH traded in December.

Her new assortment Gypsy Heart is now being rolled out to current followers and holders via an early entry mint go. Zironi offered 500 mint passes in December (out of a complete 5,000), producing 40 ETH. The venture will go reside to the general public in January.

View the collection on OpenSea.

5/ 3LAU – “Too Late for Love”
Monthly buying and selling quantity: $58,839 (48.3 ETH)
Primary gross sales: $58,839
Secondary gross sales: N/A
Drop date: Dec. 14

Electronic producer and DJ 3LAU set data again in 2021 with an $11.6 million NFT sale. Since then, he launched the Web3 music platform Royal, permitting followers to personal a share of streaming royalties in tracks by The Chainsmokers, Diplo and others.

In December, 3LAU launched his first single of the 12 months, and his first NFT drop since 2021, “Too Late for Love.” Released through his platform Royal, the producer offered 330 gold tokens, every representing 0.1165% of streaming royalties within the observe, and three diamond tokens, every granting 3.8488% of streaming royalties in addition to backstage entry to 3LAU occasions for all times.

6/ Offset and Metro Boomin – “Rick Flare Drip”
Monthly buying and selling quantity: 42 ETH ($51,072)
Primary gross sales: 39 ETH
Secondary gross sales: 3 ETH
Drop date: Dec. 1

The first ever NFT from Spotify’s “Billions Club.” “Rick Flare Drip” has greater than 1 billion streams on Spotify, and now followers can personal a small piece of the long run streaming income. The royalties had been unlocked via a partnership with Bijan Amir — one of many producers on the observe. “This is my first foray into Web3 and crypto,” mentioned Amir. “I wanted to do something meaningful when I did. I love the idea of fans getting a share of my rights, instead of me selling a share of my masters to some investor.” The NFTs had been offered through Anotherblock, a Web3 platform that sells streaming royalties in a number of the world’s largest tracks.

View the collection on OpenSea.

7/ KINGSHIP – “Key Cards”
Monthly buying and selling quantity: 25 ETH ($30,400)
Primary gross sales (in Dec): N/A
Secondary gross sales: 25 ETH
Drop date: May 2022

The Bored Ape supergroup secured its seventh-straight month on this high 10 due to constant gross sales on secondary markets like OpenSea. In December, the group started teasing video footage from the studio the place producers Hit-Boy and James Fauntleroy are presently engaged on the band’s music.

View the collection on OpenSea.

8/ Rae Isla – “Rocks”
Monthly buying and selling quantity: 23 ETH ($24,320)
Primary gross sales (in Dec): 20 ETH
Secondary gross sales: 3 ETH
Drop date: Nov. 28

Independent singer-songwriter Rae Isla was featured in November after promoting the primary 600 NFTs from her “Rocks” venture — a set of 1,000 NFTs made up of 4 tracks, every with completely different rarities and art work launched via Nifty Music — a music NFT accelerator. Isla returned to the highest ten in December after promoting the remaining 400 and capturing an extra 3 ETH in secondary gross sales on OpenSea.

View the collection on OpenSea.

9/ WVRPS by Warpsound
Monthly buying and selling quantity: 20 ETH ($24,320)
Primary gross sales (in Dec): N/A
Secondary gross sales: 20 ETH
Drop date: January 2022

WVRPSound is the largest music NFT venture ever when it comes to buying and selling quantity. Since launching in January final 12 months, the gathering of AI-generated music and animated characters have earned greater than 6,000 ETH in quantity (roughly $7.3 million). In December, the venture gave away an album of AI music to holders which triggered a recent wave of buying and selling exercise.

WVRPSound additionally introduced a software for artists to create multitrack NFT albums. Now, a whole album could be minted as an NFT with interactive buttons to skip tracks. It sounds easy, however this hasn’t been completed earlier than at scale. Until now the one different instance was an early experiment by an indie band known as Talk Time. WRVPSound made the know-how open supply for anybody to make use of.

View the collection on OpenSea.

10/ Sammy Arriaga – “Pixelated”
Monthly buying and selling quantity: 17 ETH ($20,672)
Primary gross sales (in Dec): N/A
Secondary gross sales: 17 ETH
Drop date: June 2022

Bringing nation to crypto, Sammy Arriaga is a singer-songwriter that launched an NFT venture known as “Pixelated” again in June. Based round 12 completely different variations of 1 tune, Pixelated is a set of 4,000 NFTs, every with a novel pixelated profile image which Arriaga’s followers use throughout their social media accounts. The Pixelated venture has loved regular quantity on secondary markets like OpenSea because the launch, however quantity picked up in November and December.

View the collection on OpenSea.

Methodology: The chart was compiled utilizing information from major music NFT gross sales throughout 19 completely different NFT platforms, unbiased releases and mixed with secondary quantity information from OpenSea. Data was captured between Dec. 1 – Dec. 31, 2022. Conversion charges from crypto to US {dollars} had been calculated on Dec. 31.

Disclosure: The creator owns music NFTs from Reo Cragun and Daniel Allan, nonetheless, the above listing is predicated purely on gross sales information.

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