Creative Economy Agency

Let’s Compose NFT Songs

The spread of Covid-19 has affected the global economy, especially the music industry that has had devastating effects. Creative Economy Agency (Public Organization) or CEA, as our responsibility for driving the Thai economy, thus has come up with “Let the Music Heal: Let’s Compose NFT Songs”. A project that will take place during December 2021 to August 2022 in order to create new opportunities for those in the music industry. We also anticipate this to meet the consumer demand in the future. 

Let the Music Heal opens up opportunities for singers/musicians, entrepreneurs/creators in the music industry to find a new alternative for generating fame and income by using NFT (Non-Fungible Token) or digital asset that has currently been holding public attention for the past 2-3 years. Participants will receive lessons and training to create their own original song. In addition, their works might be selected for a support fund for developing songs in the form of NFT to continue to produce music and generate income. All the revenue from selling NFT songs will solely belong to the creators themselves. This project is another great opportunity for learning and developing new skills as well as giving new opportunities to workers in the music industry. 
 
This project is divided into 4 parts and basic NFT knowledge is not required to participate;  
 
1. Learning 18 - 19 December 2021

A seminar for participants who passed our team’s selection. This seminar introduces NFT and its use cases for generating income and fame for artists. In addition, there will be an experience sharing from experts in the industry regarding contemporary music production.
 
2. Composing, January 2022

Participants from the 1st part will create their original song within a 1-month period and under a condition that is set by our team by utilizing the knowledge gained from the Learning part. 
 
3. Finalizing, February-April 2022

Participants from part 1 submit their works to disseminate across social platforms. One piece that receives popular vote along with other 9 pieces selected by the committee will receive a 20,000-bath support fund to encourage the continuation of NFT music production.
 
4. Selling (via NFT Marketplace), May - August 2022

All 10 artists that win the support fund will learn how to sell their works in the form of NFT under the close supervision of experts on NFT asset management. Furthermore, they will receive support to help with Minting+Gas fee and public relation to stimulate sales. All revenue generated will solely belong to the artists. 

Selected participants will receive:

1. Sole ownership to the work produced
2. Experience, consultation, new techniques for creating catchy music from renowned experts in the Thai music industry
3. Knowledge regarding how NFT can be a new source of fame and income for music artists.
4. 20,000 Baht support fund
5. All revenue from selling NFTs