Nina is a new infrastructure to buy, sell and stream music online. Nina is designed to solve inequity and opportunism in the music industry by providing a new model that doesn't syphon revenue from artists.
After a one time fee, releases on Nina are permanent. This fee handles Solana and Arweave's transaction and storage cost (~$2.50 + $0.01/MB). Nina takes no additional fees to publish a release. (Currently, all transaction costs for artists are subsidized by Nina) The patronage model created between artist and fan serves as a platform agnostic mechanism to provide exclusive experiences to supporters.
When uploading releases to Nina, an artist chooses the edition size, price, and resale percentage of the release. The release will be publicly streamable and purchaseable via USDC - the artist receives 100% of initial sales.
Releases can be sold on the secondary market at a price of the owner's
choosing. The artist receives their chosen percent of secondary
sales and the Nina protocol receives 1.5%, paid by the seller.
In order to ensure the smoothest possible experience, we are rolling out Nina in pieces. Currently, Nina Publishing Credits are required to access the upload page and can be requested here.
Soon, we will make the upload page publicly available and continue shipping new features.
Nina is built on Solana and requires a Solana wallet to make purchaes. We recommend using Phantom Wallet.
If you need any help, hop into our Discord.
First you’ll need to set up a wallet (See above). In your Phantom wallet you can purchase SOL using a credit card by clicking on ‘Deposit’ and then ‘Buy with MoonPay’. You can also buy SOL on an exchange like FTX, Coinbase, Blockfolio, or Binance and send it to your Phantom wallet.
Once you have some SOL you need to get some USDC. All releases on Nina are denominated in USDC which is a cryptocurrency pegged to the US dollar, so that 1 USDC always equals $1. You can swap some SOL for USDC by using the swap function in your Phantom wallet (the middle button). Make sure to keep some SOL in your wallet so that you can pay the network fees when buying releases or swapping between USDC and SOL.
No. All tracks on Nina are freely and permanently streamable by anyone.
Not yet but we are working on it! In the meantime, you can listen to tracks on the Nina website on mobile.
Yes! You can view the Nina code here. Nina is unaudited software and should be used at your own risk.
Nina is built on Solana which is a proof-of-stake blockchain. Proof-of-stake blockchains run on standard servers and do not need to run resource + power intensive operations like proof-of-work blockchains. In fact, it has been posited that the cost of a transaction on Solana uses less energy than a single Google search.
Solana has recently published their 2021 energy use report.
On Nina, all releases are priced in USDC. The USDC used on Nina is SPL-wrapped USDC, native to the Solana blockchain. It is important to make sure that your exchange accepts SPL-USDC. FTX and Binance both accept SPL-USDC (make sure to send to the SPL-USDC address given by your exchange - it should not start with "0x").
You cannot withdraw SPL-USDC to Coinbase, doing so will result in the loss of your funds. In order to withdraw to Coinbase, first convert your USDC to SOL using the swap functionality in Phantom, and then send the SOL to Coinbase.
We understand that interacting with exchanges can be confusing at first and we are here to help. Don’t hesitate to get in touch if you have any questions.