Music world taps NFT digital goldrush
Issued on: 4 min
Paris (AFP) NFT is quickly becoming the acronym of 2021, offering a new way to sell digital art online, and music stars including Kings of Leon and Grimes have been quick to jump on the bandwagon.
For many, it remains a baffling concept, but a NFT ( non-fungible token pronounced nifty ) essentially offers collectors proof that they own a digital artwork by logging that ownership on the blockchain, the online database that underpins cryptocurrencies such as Bitcoin.
In no time, it has taken the art world by storm. Just last week, a collage by digital artist Beeple was sold at auction for $69.3 million, reportedly the third highest-ever sale for a living artist in any medium.
Digital goldrush: Now musicians are jumping on the NFT art bandwagon
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Music World Taps NFT Digital Goldrush
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Lola Le Lann
Lola Le Lann delayed her album when a collaborator was accused of misconduct. Now she’s helped ignite a movement.
MONTPELLIER, France As French actress-singer
Lola Le Lann prepared to release her debut album,
45T., in October 2020, she learned that several women had accused one of her collaborators of sexual assault. She and her label, Sony Music’s Columbia France, decided to delay the project’s release indefinitely, and by November, the Paris public prosecutor had launched an investigation into rapper
Yohann Malory, who had written a song for Le Lann’s album. With lyrics from such a person it would be a bit like slipping a snake down your throat while trying to sing in tune, wrote Le Lann, 24, on her Instagram, without mentioning Malory by name. Malory denies the allegations.