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- NetworkNewsWire Editorial Coverage NEW YORK, May 27, 2021 /PRNewswire/ Bitcoin and non-fungible tokens (NFTs) stocks are moving mostly in lockstep, not because the two are the same
NFTs Flipping the Script, Bringing Value Back to Music Artists
NetworkNewsWire Editorial Coverage
NEW YORK, May 25, 2021 /PRNewswire/ With the onset of the digital universe over the last decades, music has been steadily devalued with a race to the bottom pricing to give subscribers access to massive databases of music. Pandemic social shutdowns were another blow to musicians, who now couldn t even generate revenue from live performances. In recent months, the emergence of NFTs, or non-fungible tokens, are breathing life into the industry as musicians are getting creative with ways to generate revenue and better connect with fans. An NFT is, in essence, a collectible digital asset, which holds value as a form of cryptocurrency and as a form of art or culture, and offers artists the ability to monetize their art or music. Music DeFi pioneer
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SINGAPORE, May 07, 2021 (GLOBE NEWSWIRE) via InvestorWire
BAND Royalty ( BAND or the Company ), operated by Singapore-based LIBERTY IS PTE LTD, has just concluded the private presale round of its NFT music art BAND NFT Series 1 collectibles to a small selection of NFT collectors that love music. Within days of this announcement, the top three Diamond Album BAND NFTs sold for a combined 60 ETH (currently valued at over $200,000 USD).
Included in the top three Diamond Album NFTs was the No. 1 minted Double Diamond Album BAND NFT, which sold for 25 ETH (currently valued at over $85,000 USD). As is typically the case with highly sought-after, limited-edition collectible NFTs, the lower the mint number, the higher the perceived market value of that specific NFT minted.