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. 7344 Total views News
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 Winklevoss-owned Nifty Gateway yesterday.