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Skip to main content Monstercat s NFT Drop With RAC and José Delbo Lowers the Barrier to Entry for Fans (EXCLUSIVE) Kristin Robinson, provided by FacebookTwitterEmail Independent electronic label Monstercat returns for its second-ever NFT drop this week, featuring work from comic artist José Delbo and Grammy-nominated producer RAC. The collections of NFTs, called Ikon and Odyssey, will be sold via marketplace Nifty Gateway. Non-fungible tokens, unique digital assets which are sold using blockchain technology, have become the music industry’s most lucrative fad of 2021, amassing over $70 million to date, according to data collected by Water + Music. Proponents of NFTs often note that the technology could help artists engage with fans as well as raise capital in a new way, but the highest grossing NFT drops have left most fans out of the fun. ....
Pete Gamlen In the past two weeks, digital non-fungible tokens have grown from a niche interest to mainstream million-dollar sales. “It was one of those moments in my life where I was like, Holy shit, recalls DJ-producer 3LAU, “‘I think we just changed everything. That holy-shit moment, shared by most of the music business, was his Feb. 25 auction of 33 collectible NFT non-fungible token versions of his 3-year-old album, Ultraviolet, that sold for $11.7 million (one NFT went for $3.6 million) which included vinyl, unreleased music and the chance to record with 3LAU. That’s real money for a virtual good, setting a record for the primary sale of an NFT collection at the time and making history as the first album to be tokenized. ....
Pete Gamlen In the past two weeks, digital non-fungible tokens have grown from a niche interest to mainstream million-dollar sales. “It was one of those moments in my life where I was like, Holy shit, recalls DJ-producer 3LAU, “‘I think we just changed everything. That holy-shit moment, shared by most of the music business, was his Feb. 25 auction of 33 collectible NFT non-fungible token versions of his 3-year-old album, Ultraviolet, that sold for $11.7 million (one NFT went for $3.6 million) which included vinyl, unreleased music and the chance to record with 3LAU. That’s real money for a virtual good, setting a record for the primary sale of an NFT collection at the time and making history as the first album to be tokenized. ....
Monstercat announces the strategic acquisition of Silk Music and the formation of the Monstercat Silk brand. Author of the article: Stuart Derdeyn Publishing date: Mar 03, 2021 • March 4, 2021 • 4 minute read • Japanese electronic producer DJ Shingo Nakamura. Photo by Koji Sato /PNG Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content Getting mellow grooves on at home is the pandemic trend. Health regulations mean nobody is raving right now. Monstercat Silk launched last month with this in mind. We apologize, but this video has failed to load. ....