Lately, Google is busy with the question of how to buy a Tory Lanez NFT. If buying a Tory Lanez NFT is something that interests you, you are in the right place. In this article, we’ll talk more about Tory Lanez’s digital album, her career, and of course answer your question about how to buy Tory Lanez’s NFT album.
How to buy a Tory Lanez NFT album?
Before you rush to buy Tory Lanez NFT, there are four things you should first consider:
In which market do you plan to buy Tory Lanez NFT?
What wallet do you need to download to log into the platform and buy NFTs?
What cryptocurrency do you need to fund the wallet to complete the sale?
Are the non-fungible tokens you want to buy sold at a specific time, ie via a bundle or art drop?
As you can already guess, some NFTs are only available on specific platforms. For example, if you want to buy, trade, or buy Tory Lanez NFT, you will need to open an account with a specific crypto exchange. You can buy using Ethereum from your MetaMask digital crypto wallet. It is also possible to pay with supported fiat currencies such as Euro, US dollar, etc.
The art of digital music is becoming more common as a method of selling rare NFTs to a hungry buying audience. Users typically need to sign up and fund their accounts beforehand so they don’t miss out on buying NFTs. Art NFTs can be sold in seconds, so you have to prepare everything in advance.
How to buy a Tory Lanez NFT step by step guide
The rapper and producer released his first NFT album, “When It’s Dark,” on August 10. Tory Lanez sold millions in just 60 seconds. Many were frustrated to get their hands on “the first music streaming NFT”. Fortunately, the E-NFT marketplace launched another round of NFTs on August 24.
Before purchasing the Tory Lanez NFT album, you must have an account open at a crypto exchange that offers this specific NFT such as Coinbase; this is imperative. You will then need to fund your account with one of the accepted cryptocurrencies. Once you are done, here is a step by step guide on how to buy a Tory Lanez NFT.
Buy a Tory Lanez album by following these steps
- Visit E-NFT.com and create your account.
- You must confirm your email address. Go to your mail. Click on the link to complete the registration process.
- Then download the E-NFT app and tap on your login credentials.
- You will receive a code in your email. Copy and paste into the Authorization Code field.
- A guided walkthrough will show you around. Once finished, you must click Return to E-NFT.com.
Once all this is done, you are ready to buy the Tory Lanez album.
All the listings you will notice on the digital marketplace are purchased NFTs from the first launch. Resellers are setting their own price. Once you see a price that works for you, click “Buy It Now.”
At E-NFT, you can buy with a credit/debit card or crypto. But even if you opt for a credit card, you have to pay with crypto. That is why you should, before all these steps, fund your crypto exchange account from the very beginning).
- Then click ‘make a crypto payment now’.
Follow the prompts to purchase the limited edition Tory Lanez NFT. When the transaction is complete, you will see the digital music collectible in your wallet.
Tory Lanez’s career
The 27-year-old rapper, named Daystar Peterson, is a Canadian rapper, singer-songwriter, and music video director. After releasing his first mixtape in 2009, he released several mixtapes, including Chixtape, before leaving the label and becoming an independent artist. In the early 2010s, he continued to release songs and mixtapes, becoming very popular. He went on his first tour, the Lost Cause Tour, in 2014, also during this period he wrote ghost songs for Akon, T.I. August Alsina, Travis Scott and many others. He is the first rapper to sell his album solely as NFT. In August 2021 he decided to sell 1 million copies for $1. The million albums sold in 57 seconds, a record for the artist.
Whether it’s going strong with other rappers and singers or becoming the king of music samples, Tory Lanez is always making headlines. In recent years, the singer and rapper has made a name for himself in the music industry.
After more songs, he released “Say It,” the first single from his debut album in 2015. The song was a huge hit, peaking at number 40 on the Billboard Hot 100. He released several other songs on the album and performed on Jimmy. Kimmel live! The album, Je t’ai Dit, was released in 2016, peaking at No. 4 on the Billboard 200. The album’s second single, “Luv”, is Lanez’s highest-charting single on the Billboard Hot 100 at #19. By this point, Lanez had built a reputation for sampling classic songs from different periods of music history.
In 2018 Lanez released two albums. These were Memories Don’t Die and Love Me Now. For her huge success in the music industry, Lanez amassed a net worth of $4 million, according to Celebrity Net Worth. On August 12, 2021, Tory Laney sold millions of copies of her NFT album called “When it’s Dark”.
It currently has 18 million Spotify listeners per month. Additionally, he has amassed 2 billion views on YouTube. The musician plans to achieve corporate mogul status through technology, music, food and fashion.
What is an NFT?
You can think of NFTs as a digital certificate of authenticity.
In real life, classic works of art, antiques, and other historical items are often auctioned with a receipt certifying that they are genuine.
NFTs have the same goals but for digital items.
They allow mp3, GIF, video, jpeg, and almost any other file format to be certified as unique.
This technology provides a new type of “ownership” of digital files that was not possible before.
NFTs can be bought, collected, sold, and even destroyed, just like physical items.
Thanks to the blockchain, these come with a transparent transaction history and prices visible to anyone with an internet connection.
The process of converting your work into NFTs is known as “minting”
“Mining an NFT” is how your digital art becomes part of the Ethereum blockchain, a public ledger that is immutable and tamper-proof. Just like metal coins are minted and put into circulation, NFTs are also tokens that are “minted” once they are created. Your digital artwork is rendered as an NFT so that it can then be bought and traded on the marketplace and tracked digitally as you change collectors in the future.”
Thus, minting refers to the act of creating a new token on the Blockchain that will be forever attached to that content.
When an artist creates an NFT, they attach a built-in commission (usually 10-30%) that they will receive each time the work is resold in the future.
So this is a great opportunity for digital artists, but also a whole new opportunity for investors!
Music and creation: The impact of NFTs on the music industry
As explained above, creators and musicians use NFTs in different ways. However, one question remains: what will be the long-term benefits of NFTs for independent artists? And more pragmatically, how can you sell your music using NFT?
NFTs are part of a whole new ecosystem to sell their creations and works, as well as physical media like vinyl and CDs and streaming with Spotify and Apple Music, among others.
Fans can now collect videos, a piece of your music, or images, depending on how much you value them. Furthermore, virtual reality and artificial intelligence techniques only expand the possibilities of creating rich and immersive digital experiences. The possibilities are endless with NFT.
Since it is the market that determines the value of an NFT if the demand also increases its price. When fans buy your NFTs, they are investing in your musical project. By gaining notoriety, your NFTs will increase in value.
This is a way to receive royalties on every recorded transaction. Imagine for a moment the following situation: You create an exclusive release and sell only 100 physical copies for €10 each. 5 years later, these specimens could be sold on eBay for €1,000. If you sell the copies linked to an NFT you receive a 10% commission as creator. Today, when there is a CD or vinyl trade, the creator does not receive a commission, but in the case of NFTs, it is possible to incorporate a program that allows the creator to receive a portion of the sale price in each transaction.
What are the main concerns related to NFTs?
NFTs have value in the digital world, but technically it’s easy to make a copy of your creation. With your songs on Spotify, you receive royalties for each stream (and keep 100% of the royalties when distributing with Spinnup). A track released only as NFTs can be copied and downloaded without purchasing the NFTs, although the listener will not have a valuable digital file, they will still be able to enjoy their music.
There are no regulations or rules surrounding the purchase of NFTs yet, which may raise concerns among sellers and buyers. NFT services are believed to be reliable, but new services appear every day. You should remain vigilant and do your research before working with a particular service.
The world of NFTs is brand new and continues to evolve every day. We hope it provides an exciting new ecosystem for artists and their fans.