The State Of Music NFTs & June’s Top 10 sellers: Chaos, BT, DEAFBEEF, Snoop Dog, Royce da 5’9” and more

Despite the bottom falling out of the crypto and NFT markets, music NFTs still delivered respectable if not stratospheric sales this June.

Overall the Top 10 music NFT’s delivered $1.1 million in sales according to Billboard based on their analysis of sales data on 14 platforms.

Two trends worth noting:

• There is a precipitous drop in total sales as you get below the top four or five sellers
• None of the NFTs in the Top 10 was released with the involvement of a major label

“Whether the market’s up or down, we’re in the business of how do we help artists reach the most amount of people and how do we help artists make money from their music?” David Greenstein, founder of NFT platform Sound.xyz and former A&R exec at Atlantic, recently told Billboard. “The mission transcends a bull or a bear market.”

1. Chaos – “Chaos Packs” – $492,000 at month-end conversion rates
2. DEAFBEEF – $150,072
3. Royce da 5’9” – “Caterpillar (featuring Eminem and King Green) – $124,911
4. OMGKirby + OMGKirby Genesis – $115,596
5. WVRPS by Warpsound – $63,253
6. Snoop Dogg – “B.O.D.R.” – $44,463
7. BT – “The Orbs” – $42,476
8. Steve Aoki – “Piss on the Dance Floor” – $25,958
9. Cartoon – “No Halo (feat. Asena)” – $21,690
10. Angelbaby – “The Otherside (ft. Gino the Ghost)” – $20,736

More at Billboard.com

Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.