The NFT FM is a music distribution platform for artists and their fans. By using this platform, people can directly support the artists they love. Therefore, artists have complete control over how they distribute their music. Also, they receive 95% of all their sales on the NFT FM instead of 70% on Apple Music. Moreover, on NFT FM, musicians define the number of NFTs they want to create and the starting price. By allowing artists to develop their own NFTs with full-length audio tracks, the platform enabling musicians to put out unique versions, early releases, and exclusive pieces for their biggest fans.
The VINYL is an ERC20 token that allows voting on the NFT FM platform. Important to note that if you hold NFTs purchased on the NFT FM, you get a $VINYL token for free every month. The team plans to allocate 30% of the total token emission for such giveaways during the next four years.