Soundmint is bringing innovation to the music industry by creating a new medium for musical compositions. Using web3 technologies, Soundmint is creating a generative platform where musicians can expand on the current limitations of generative music production. Musicians will be able to combine sets of varying music stems and properties, where Soundmint's platform will algorithmically combine and map with visual assets to create a unique musical masterpiece in the form of an NFT living on the Ethereum blockchain.
The NFT marketplace is surging with sales reaching $10.7B in Q3 with demand for generative art still trending positively. Only 1% of total NFT sales are related to music and audio, and Soundmint hopes to lead the charge as generative music NFTs build momentum and demand. Their goal: to make music NFTs fun to collect and becoming the front page of music NFTs.