NFT
Afterparty NFT Music Festival Shares Full Lineup With The Chainsmokers, Gryffin, SOFI TUKKER, More
The organizers of Afterparty, the upcoming NFT-gated music festival and artistic showcase in Las Vegas, have announced a star-studded lineup for its inaugural edition. Gryffin, LANY, SOFI TUKKER, Bob Moses, TOKiMONSTA, Elohim, and many more join previously announced headliners The Kid LAROI and The Chainsmokers in the assemblage of this two-day digital utopia. Afterparty is shaking up the standard music festival model on several fronts. For starters, each of Afterparty’s 1,500 “Utopian” NFT collectibles doubles as a digital art piece as well as the key to accessing the two-day event. You can gain access to the festival by purchasing a “Utopian” NFT or Afterparty Festival Pass. Afterparty‘s Web3 mission statement is to bring NFT utility to ...
Pussy Riot’s Nadya Launches NFT to Raise Money for Ukraine
Pussy Riot’s Nadya Tolokonnikova has launched a cryptocurrency organization to raise funds for Ukrainian civilian aid groups amid the Russian invasion. Ukraine DAO, a collaboration between Tolokonnikova, digital artist Trippy Labs, and artist collective PleasrDAO, will sell 10,000 NFTs of the Ukrainian flag minted on Ethereum, as well as a separate unique NFT of the flag. Proceeds from the sale will benefit humanitarian groups NGO Proliska and the Return Alive Foundation. Tolokonnikova told Decrypt that the group decided to depict the Ukrainian flag “because it’s not about any specific artists or aesthetics — it’s about something much bigger than all of us, it’s a pure gesture of solidarity.” “Activism is the only reason I joined Web3,” Tolokonnikova added. “Now, when I’m so deeply as...
This Software Lets You Design Trippy Visuals of Your Music—Then Mint Them As NFTs
We know—NFT this, metaverse that. But before you grumble at this umpteenth blockchain tech platform, consider its value for music producers. VOID is a Web3-based platform that allows musicians to generate and customize kaleidoscopic visuals with their own songs. Created by Dutch developer Triptcip, the sequencing software essentially takes your music and spits out a trippy, beat-reactive mosaic. Triptcip’s visual synthesizer, VOID. Triptcip VOID, which Triptcip says is the first of its kind, aims to arm music producers with an easily accessible visual synthesis tool. Visual designers have enjoyed the spoils of the digital art revolution, but many musicians have found themselves stuck in a new kind of limbo. Without a budget to join forces with a capable designer or a trusted partner au cou...
Time Studios talks legacy media and the rise of NFTs
Cointelegraph spoke to Keith A. Grossman, President at TIME, about the legacy media company’s recent moves into the Web3 space. According to Grossman, TIME seeks to “modernize the relationship our brand can have with its community.” Some of these moves include creating 1:1 NFTs of their flagship magazine covers, the option for digital subscribers to pay in crypto, and the launch of their TIMEPieces NFT project collaborations. Grossman stated that an important result of all of these initiatives is the “opportunity to tap into the great creativity emerging within the NFT community and connect this with the larger distribution channels we have already established via TIME Studios.” One artist that has connected with TIME Studios, the TV and film production division of TIME, is Doug, the artis...
OpenSea’s trading volume marginally above LooksRare’s – Here’s why
LooksRare has fallen back in trading volumes after it was confirmed that developers cashed out more than $30 million in wrapped ETH OpenSea suffered a phishing attack over the weekend that resulted in $1.7 million in stolen NFTs The NFT marketplace space has been in a frenzy over the last few days. The two major players – LooksRare and OpenSea, have made headlines for different reasons. LooksRare’s woes In LooksRare case, issues first emerged from reports that came out last week indicating that the marketplace’s developers had taken out at least $30 million in ETH rewards. While a LooksRare team member clarified that the finances were intended to compensate for the unpaid work and investment the team completed during the project’s development, the marketplace seems to hav...
Steve Aoki Says He Made More Money From NFTs In 1 Year Than a Decade of Streaming Royalties
The most fervent purveyors of NFTs have remained adamant in the technology’s ability to spark a paradigm shift in music, whereby the silos of power transfer from centralized companies and labels back to the artists. Now, Steve Aoki, one of the earliest adopters of the Web3 blueprint, has shared some eye-opening comments illuminating how his bets on NFTs are paying off. At a private Gala Music event, Aoki said he’s made more money from NFTs in the past year than he has through streaming royalties over the last decade, Decrypt reports. “But if I was to really break down, okay, in the 10 years I’ve been making music…six albums, and you [combine] all those advances, what I did in one drop last year in NFTs, I made more money,” Aoki explained. Released last year on ...
Inside the Sale of Coachella’s Lifetime Passes and $1.4 Million NFT Collection
Coachella, one of the world’s most illustrious and profitable music festivals, recently announced the launch of three NFT collections: Sights and Sounds, Desert Reflections, and Coachella Keys. NFTs (non-fungible tokens) are digital assets—such as photos, visual artwork, or audio—stored on a blockchain. The tokens are immutable and they are purchased, sold, and traded using cryptocurrency. Coachella launched its own native NFT marketplace, which was built by FTX for the Solana blockchain. The festival’s three collections offer a range of digital photos, soundscapes, and posters that can be redeemed for real-world experiences. Perhaps the most significant, however, is the Coachella Keys collection. Each of its 10 collectibles grant their owners lifetime passes to Coachella. Afte...
DJ-Themed DJenerates NFT Collection Partners With Moonwalk to Deliver Premium Dance Music Experiences
Dance music’s famous faces have been immortalized through the immutable power of blockchain technology. DJenerates, an NFT collection supported by many of dance music’s biggest names including Benny Benassi, Carl Cox, Maceo Plex, and Paul Oakenfold, is turning the likenesses of superstar DJs into NFTs. The collection of 10,000 avatars additionally incorporates algorithmically driven concatenations of hundreds of unique potential traits to develop a host of unique, nightlife-inspired characters. Following the collection’s season one release, which completely sold out in just four days, DJenerates is taking major steps to build community and utility around their tokens, starting with a partnership with Moonwalk. Moonwalk provides the digital infrastructure for NFT crea...
LooksRare official explains reason behind the recent cash-out
The LooksRare team on Monday confirmed it had received in excess of $30 million in rewards The report and explanation provided raised split opinions within the LooksRare community The team behind NFT marketplace LooksRare has revealed that it cashed out $30 million in ETH, much to the community’s disapproval. One member of the team elucidated that the earnings the team received have never been secret, providing details to prove so. The team member, Zodd, said that the funds were directed to more than ten team members. He explained that to keep the project afloat, the contributors worked around the clock for more than six months without any remuneration until their first WETH earnings came through. He added that the members collectively incurred up to 7 figure pre-launch costs. “...
UK taxman seizes NFTs in a $1.89 million tax fraud probe
The UK tax authority seized three NFTs in relation to suspected VAT fraud Three persons have been arrested in connection to the incident The HMRC cautioned against attempts to conceal assets using crypto The United Kingdom’s tax authority, Her Majesty’s Revenue and Customs (HMRC) has conducted an NFT seizure in a suspected event of VAT repayment fraud. According to a report first sent out by BBC, the HMRC confiscated three NFTs & $6,750 worth of other crypto assets and arrested three individuals with alleged involvement in the $1.89 million swindling attempt. The tax authority did not reveal the names of the individuals but said they used 250 illegitimate firms to conduct the suspected fraud. Following the apprehensions, the authorities have established an investigation into the f...
New Music Industry Content Moderation Service Helps Take Down Unlicensed Metaverse NFTs
The music industry’s prominent rights-holders are rapidly taking action to protect their assets in the world of Web3. In the wake of an explosive NFT scandal involving the sale of unlicensed musical content, Digital Content Protection, an anti-piracy group, has launched a service to help ensure the rights-holders are protected from copyright abuse in the metaverse. Web 3.0 technology, including NFTs, has the ability to revolutionize the creator economy. However, in its current form, the field remains an unregulated Wild West. As Torrent Freak notes, Digital Content Protection is currently working alongside major labels Sony, Universal, and Warner in order to facilitate takedowns of unlicensed digital content. “DCP uses a pool of experienced professional...
UN approves NFT standards initiative led by Tencent
Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs) . The project, dubbed a “technical framework for DLT-based digital collection services” will be the world’s first U.N.-approved standards initiative for NFTs, according to state-owned local media. The U.N. agency for information and communication technologies, The International Telecommunication Union (ITU) approved the project, which is expected to complete an initial draft by the end of 2022, according to a report from the South China Morning Post. Currently, any recommendations advised by the ITU only become mandatory and enforceable when nations adopt them as law. “The international stan...
