Magic NFT Collection FAQ
1) Where can I buy Magic NFT Collection?
We have partnered with RCRDSHP platform to sell our NFT Collection.
Link: https://app.rcrdshp.com/storefronts/magic-records-mythicals
Grab Them While You Can! We Usually Sell Out within Minutes
2) What’s so unique about the Magic NFT Cards?
Each Card represent one of our Magic Releases and each card will only be MINTED ONCE. This means each card will be unique and there will only ever be 1 supply of this release card. (This will make the card extra scarce & may improve the long term value of the cards for resale)
3) What is the price for each card?
Each card will start at $100 USD (With a $20 increase every 30 Card Releases)
4) What’s the benefit of owning Magic NFT Cards?
Cards Owned: ONE (1). Benefit: Get access to our exclusive Discord. (Interact with Magic Records & Me)
Cards Owned: FIVE (5). Benefit: We will turn your favorite song into a Magic cover song and you will own 20% of all the future revenue that’s generating on the song. This includes but not limited to earnings on Spotify, Apple Music/Itunes, Youtube Music/Google Play, Facebook Videos, NetEase, etc.
Cards Owned: TEN (10). Benefit: You will receive bulk downloads of our FULL MUSIC Catalog (Over 1000+ Songs) with downloads updated every month.
Cards Owned: FIFTEEN (15) Benefit: We will make a second track for you and you will own 25% of all the future revenue that’s generating on the song.
Cards Owned: TWENTY (20). Benefit: You will be considered VIP client. You will have access to the owner of Magic Music. Let’s chat and discuss what we can do.
5) Additional Questions & Concerns on 20% Revenue Sharing
How to receive $$? We use Repost Network to distribute our music. We have auto-split setup so when you are added to the system, You will receive 20% of the $$ automatically from them. (Magic Music do not pay you and you do not need to trust us to get your $$) Link: https://www.repostnetwork.com/
When do you pay? Repost Network have a 2 month lag then pays out every month. Example: you will receive January $$ at the last day of March.
How much $$ can I actually make? We generate on average 250k-500k streams in 1 year on Spotify conservatively speaking. Each 1000 streams is about $2-$5 depending on the country that’s listening to the music. This is Spotify ONLY estimates. We did not include the estimates for all the other streaming platforms. Keep in mind, we do not guarantee any specific streams. Some songs do go super viral and some songs may do worse.
How long do I co-own the song for? On average, 10 years.
Would I lose my co-own song status if I resale my card to someone else and I have less than 5 cards? No, you will continue to collect passive income on that specific track
How do we get started if I own 5 cards? Message me (Magic Records) on discord!