You can make a variety of different versions of a song on your album. You’re not limited to the album version alone. Making different versions of a song allows you to have material for other purposes such as licensing, giveaways, rewards to fans and Street teams, and making rare items like NFTs.
For instance you can take your song and record
- Acoustic / unplugged versions
- Live version
- Acapella version
- Instrumental version
- Demo version
- Outtakes version
- The making of version.
You can also release the stems from the master recording- like your bass track, drum track, and vocals so you can get other people to make remixes of your work.