NFT on Fire: Wie der Rolling Stone reported, the US rock band Kings of Leon will also release their new album “When You See Yourself” in the form of non-fungible tokens, which are stored on a blockchain and thus represent digital property. In addition to the release of the normal album, fans will be able to buy three different crypto tokens that will provide access to additional content. An NFT also includes a golden ticket with which you can attend a concert by the band.
While the regular album can be heard in the stream on Spotify and Co, the NFTs will be on YellowHeart can bid in an auction. The blockchain is supposed to guarantee that there is only a limited number of pieces that fans can buy. Around $ 50 should be charged per token. Sales will start on Friday March 5th, parallel to the album launch.
NFT: Trade in the artistically valuable crypto tokens explodes
Blockchain is conquering the art world
NFTs are currently taking the arts and culture world by storm. The trade in tokens, which represent digital works of art, went through the roof in February, as reported, after artists like Beeple and Grimes sold their works in the millions via new NFT platforms. More and more artists are hoping that blockchain technology will open up a new source of digital revenue and make special offers to their fans.
So far, NFTs have been popular with crypto nerds who traded them on platforms like Nifty Gateway. The digital equivalents to basketball trading cards are also very popular in this area. With the entry of a popular rock band like Kings of Leon, the topic has become even more mainstream.
What is behind the crypto trend of non-fungible tokens, Jürgen Höbarth?
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