Releases on Nina are semi-fungible tokens, similar to NFTs, issued on the Solana blockchain. There are a few key differences in practice:
- There is no edition # distinction between units of a release, so all purchasers of a release have the same item.
- Releases are priced in USDC - essentially US Dollars, so they are not volatile and do not encourage speculation.
- There currently is no resale marketplace on Nina to trade or speculate on releases.
In practice this format publicly verifies you actually own the releases you collect - so you can do things like unlock bonus material from an artist and ensure permanent access to the music in your collection