One thing is for sure – the times they are a-changin’."Will of the People," the ninth studio album of the iconic rock band Muse, will be released on August 26 as an NFT and is set to be the first-ever release that will enter the charts in the UK and Australia.įormed in 2014, Muse won NME Award for Best British Band in 2007, 2010, and 2011, MTV Europe Music Award for Best World Stage Performance in 2019, and Grammy Award for Best Rock Album in 20, among many other accolades.īack in 2020, Mused also worked with Dapper Lab’s CryptoKitties project to create digital collectibles. Undoubtedly, the release of an NFT album from a band as big as Muse will set a precedent for big and emerging artists to do the same. In addition, 15% of the resale price goes back to the band and rights owners with each resale. The UK Official Charts Company has made it clear that this will not count as a new sale and will therefore not affect the chart position. Like any other NFT, holders can resell the Muse NFT album on the secondary market. The 1,000 NFT holders will also have their names permanently listed on the linked roster of buyers.
It includes a downloadable version of the album with a different sleeve, the digital signatures of Muse members and high-res FLAC files. Muse’s NFT album costs £20 and is limited to 1,000 copies. Serenade is also a chart-return digital retailer, which allows the album’s NFTs to contribute to Muse’s chart position. However, no album released as an NFT has yet managed to chart. It is important to note that the UK’s Official Charts Company included NFTs as a medium eligible for the charts a few months ago. After fans buy the album with Serenade, a digital wallet is automatically created, and the album NFT is transferred to that newly created wallet. What distinguishes this album from the rest is that it will be released as an NFT.Īccording to Serenade, non-web3 natives do not need a crypto wallet to purchase the NFT. Muse and their label Warner Music UK have partnered with the web3 marketplace Serenade to release Muse’s ninth studio album – Will of the People – on August 26. We will sum up all the data from the world’s paid music streaming services and announce it via daily and weekly charts.” The British band Muse Muse, Crypto and Music Charts According to Korea Music Content Association (KMCA), Choi Kwang-ho: “Although album sales numbers still hold great importance among fandoms, online streaming and downloads are how K-pop releases are mostly consumed. South Korea’s Circle Chart puts great emphasis on digital indexes like streaming and downloads. Nielsen Soundscan also compiles retail and digital sales data as well as streaming activity. The Hot 100 is ranked by radio airplay audience impressions, measured by Nielsen BDS. In the US, the Billboard Hot 100 is still the golden standard for a song’s popularity. However, there is a variable streaming ratio that gives more value to streams from paid subscribers than freemium streams.
For example, the Official UK Chart takes streams, music video views and sales into account. Music charts in various countries and territories take into account different things. Cover art of Muse’s upcoming album How are the music charts calculated?
This unprecedented move is undoubtedly ushering in a new era for the music industry, where crypto and music charts are inextricably linked. Muse are bidding to become the first band to reach the official music charts via an album released as an NFT. When British rock band Muse announced the release of their new album, Will of the People, it looked like any other album announcement.
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