Monstercat dance label sells $180K of musical NFTs in two minutes
Major EDM record label Monstercat sees NFTs as a new way to provide alternative revenue streams. Major EDM record label Monstercat has highlighted how non-fungible tokens, or NFTs, can be a successful new revenue stream for artists and the music industry, generating $180,000 in the first two minutes of an NFT collection release.The collection consists of animated video clips with music backing and was created in collaboration with Australian-based digital artist Giant Swan, renowned for his use of VR technology, and Platinum producer Varien, who recorded “The Crown”. It was released on the....
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NFTs must evolve beyond PFPs and the Metaverse to stay relevant in 2022, and Monstercat CEO Mike Darlington explains that music may be next. Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility?Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core component being the integration of a song.One of the first collections was “Audioglyphs,” which cemented....
Coronavirus lockdowns caused the global event organizer to take a new direction, launching a record label and selling digital art. International party brand Space Yacht is preparing to drop its second collection of nonfungible token artworks on the Nifty Gateway marketplace on Wednesday.Titled the “Space Yacht Iconography Collection,” the NFTs feature three of the brand’s core themes: pizza, smiley faces and its trademarked motto, “WE ARE SO F☻CKED.”The artworks also incorporate original music from Space Yacht co-founder Rami Perlman, aka LondonBridge.Twelve months ago, Space Yacht was....
On Tuesday, the Christopher Wallace Estate, managers of the Notorious B.I.G.’s music, fashion, film, and unreleased archives, dropped a collection of 3,000 non-fungible tokens (NFTs) that sold out in ten minutes. The digital collectibles were dropped via the NFT platform Oneof, and owners of the new NFTs now have the licensing rights to the audio of a previously unreleased B.I.G. freestyle. Christopher Wallace Estate Releases ‘Sky’s the Limit’ NFT Collection Dedicated to the Life and Memory of the Notorious B.I.G. NFT collectors had a chance to acquire Notorious....
Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs. According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week's episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the future will be bright for crypto and especially for music NFTs. During the interview, Darlington and Udell explained the....
Non-fungible tokens, or more generally referred to as NFTs, continue to be a hot topic of discussion within the crypto market. Some argue that they have virtually run out of energy, yet a few recent events appear to indicate the contrary. XCOPY, a pseudonymous cryptocurrency artist, has sold almost $24 million worth of NFTs in […]