- Canadian Singer to sell his song on NFTs
- The Weeknd has tweeted that his first NFT collection will be released on the Nifty Gateway
- Nifty Gateway will be doing a one-day auction for the whole song with the visuals and unlimited editions within the sale time frame
Canadian Singer The Weeknd is all set to debut on the NFTs as he tweeted that he will be releasing a song and the digital artwork soon for the buyers to be the owner of this great art piece. The new song teaser will be released soon on the NFT.
Non-Fungible Token Craze
NFTs are a craze and are taking over people’s minds in a big way. It is a money-making machine that has a uniqueness of its own. We all have heard about digital artwork being sold for millions of dollars, but this one is unique as the Singer’s NFT is on a roll, and it will be interesting to see whether it sells well.
The Weeknd
Music Artist The Weeknd was last seen at the Super Bowl halftime show, and he appreciated the fans using his cutouts to promote him. And now he is all set to introduce his NFT music, hoping that more people will participate in his upcoming NFT release.
He is the Grammy winner Canadian Singer who is very popular among the GenZ. The Weeknd tweeted that his first NFT collection will be released on the Nifty Gateway marketplace. Come this weekend. The NFT sale will be of an unreleased song accompanied by the artwork he has made with Strangeloop studios.
The studio is responsible for making concert visuals for the Weeknd and artists like Kendrick Lamar. As per TechCrunch, Nifty Gateway will be doing a one-day auction for the whole song with the visuals and unlimited editions within the sale time frame. There will be three shorter clips with the artwork.
The Weeknd & NFT
NFTs are usually used for digital artwork of late. This is the first time any singer is selling his tickets and the artwork. They are essentially blockchain-based tokens that count as proof of ownership. Here the evidence of ownership will be music and digital artwork.
The Weeknd’s birth name is Abel Tesfaye, and he has come in the group of musicians like Grimes, Kinds of Leon, and Aphex Twin. All of them have participated in the NFTs, which is becoming a lucrative business in the crypto industry. The top 3 NFT marketplaces registered $342 million in trading volume in February. The amount has been more than recorded in all of 2020.
Beeple has been in the news for selling his artwork for $69.3 million via Christie’s auction house. It was the third-highest price that Beeple has received for his artwork. Similarly, The Weeknd is also hoping for a better response from the people and has informed that the new song living in the NFT space will come soon. He is keeping his fingers crossed and hopes the best for the buyers.