Music NFT Standards Considerations

The main considerations for new Music NFT standard which should be applied: These points were scooped from MintSongs & Catalog Working Group.

• Backwards compatibility for frozen metadata, once the metadata gets frozen ie uploaded on chain we should be able to work with them afterwards

• More optionality and powerful royalties that don’t lean too heavily on the intricacies of the Web2 space without complying past standards, this has to be new but usable

• Token as primary metadata authority for aggregators, data integrity and control the rights of artists and labels, allowing these roles to function as composable permission-less structures

• Expanding scope of ERC-1155 — use Music Token Standard instead of Music NFT

• Type of data has to be future proof, if we are going to create a standard we have to make sure it will be useable in the future too, metadata should have 3 types of metadata: descriptive, ownership & performing rights, recommendation data — tags

• Metadata should also cover 3 levels of the product — album release, recording data, composition data about rights grated with the sale

• Existence of album tokens with interoperability with song tokens

• Reference name of metadata standard as version number

Source: https://anettrolikova.medium.com/music-nft-standards-overview-696ba3ee889c Reference to: https://www.notion.so/mintsongs/A-better-music-token-metadata-standard-260506f3a5b342c6b0c893892f37e711