Welcome to Pianity! In this article you will find all the general information about Pianity and how to get started!

What is Pianity?

Pianity is a music NFT marketplace. With Pianity, musicians and their community can create, sell, buy and collect limited edition tracks, certified thanks to the blockchain. By giving back the status of art to music, Pianity provides a new source of income to artists, allowing them to be more independent and to live better from their passion.

As a creator, your artist profile must be verified in order to publish on our platform. Learn all about how to get verified on the How do I join as an artist? section.

How does Pianity work?

Each token registered to the Pianity protocol is provably unique. Instead of creating artificial scarcity by selling copies of digital goods (like on Bandcamp) we offer an alternative: make one original openly accessible to everyone no matter who owns it, and sell that original token over and over again.

Can my music NFTs disappear? How secure is Pianity?

Storing data on the blockchain is very expensive. Most platforms only store the smart-contract, which can cause the NFT to simply disappear. Very few projects store the data AND the media (video, image and music) on the blockchain. We do.

Actually, on Pianity, your CryptoArt is inseparable from the Smart Contract. They both live together on the blockchain, forever.

What’s up with the multiple editions?

Pianity introduced the same value scale as collectible cards. Each edition comes with a different scarcity based on the number of NFTs available.

The Unique limited edition: A one-off digital music collectible, only 1 NFT available.
The Legendary limited edition: Only 10 NFTs available.
The Epic limited edition: Only 100 NFTs available.
The Rare limited edition: Only 1000 NFTs available.

What are the weekly Rewards?

The creation of value for creators and collectors is encoded in Pianity's DNA. As we rapidly progress with our roadmap, Pianity will continue to unveil amazing features and provide an ever-larger set of possibilities to our community of musicians and collectors.

We introduced an innovative reward-distribution methodology that incentivizes long-term collectors to keep collecting: Profit Sharing NFTs.

Pianity developed this reward-distribution system to valorize collectors for their support to musicians. Every collector on Pianity receives a weekly reward proportional to the size of its NFT portfolio. It is paid in fiat and directly added to your wallet.

Why are Rewards distributed to collectors?

When you buy an NFT you take risks:

Liquidity risk: Your funds are now locked inside the NFT. The only way to recover them is to sell it.

Value risk: The value of your NFT can vary, for the better or for the worst.

It appeared natural that Pianity should help the collectors by providing compensation for the risk taken. So they can support even more musicians.

When are Rewards distributed?

Rewards are distributed every Thursday. It is an automated process that does not need any action from your side.

The annual percentage yield (APY) for collectors is currently above 90%!

How are Rewards distributed?

We compute your weekly reward based on three parameters:

The total value of your NFT portfolio (as of the previous Sunday)
The total value of NFTs in circulation on Pianity
The total amount of the weekly reward.

Your reward is the ratio between your portfolio value and the market value, multiplied by the weekly reward.

Example: If you own 10% of the NFTs in circulation you will earn 10% of the reward distributed that week.

How is the total value of my NFT portfolio computed?

It is the sum of the values at which you acquired your NFTs.

Is my wallet balance taken Into account?

No. Only the value of your NFTs counts.

For how long will the Rewards be distributed?

The rewards are distributed every for as long as you own NFTs in your wallet. If you keep your NFT forever, you will receive it forever.

Start collecting, start earning

How does Pianity fare with Its ecological footprint?

The environmental impact of NFTs is a topic that matters to most of our artists and to us. Before building Pianity we investigated the different options available and we are convinced we made the optimal choice to minimize our environmental impact by partnering up with Arweave.org. Adding to the fact that Arweave is the best blockchain for on-chain storage, it is also about 100 times less energy consuming than any other.

Learn more about Pianity and the environment

Does Pianity have a token?

Pianity does not have a Token. It’s currently a work in progress and will be available very soon. Stay tuned!

Do I need crypto to buy items on Pianity?

No, you don't need to (but you can use them if you want). All prices are displayed in fiat but you can pay by credit card or with cryptos.

How to set-up my account?

To set-up an account on Pianity, you’ll have to sign-up using the button on the top right corner of the home page. Then, you simply have to enter a valid email address, create and confirm your password and agree to the Terms of Service.

Once your email has been verified, your Pianity wallet will be automatically created and you can start collecting!

How do I connect my own wallet?

Users are able to connect their own wallet (Such as ArConnect). External wallets rely on an experimental technology independent of the Service. If you wish to connect your own wallet, follow the instructions here.

Can I export my pianity wallet’s private key?

For security reasons, exporting the Wallet Private Key is not possible.
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