Blockchain
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Adventure Club’s Leighton James and Impossible Brief Launch NFT Clothing Brand, “Overpriced.” [Exclusive]
In a space which has seen nothing short of a meteoric rise in the last several months, Adventure Club solidified themselves as early adopters of NFT technology. With his latest venture, Adventure Club’s Leighton James is striving to push the sector forward in ways previously unexplored. James has joined forces with with Impossible Brief to launch Overpriced., a new NFT venture that intersects high-end fashion and blockchain technology. In less than a week, Overpriced. is set to make a splash with their first release, an NFT hoodie with an eye-popping starting bid of $25,000. It seems NFTs are fetching higher and higher valuations by the day, and while we’re clearly still figuring out how to price them, it’s safe to say that no one knows the value of a...
Zedd Announces Immersive “Diorama” NFT With New Music, His Most Ambitious Visual Project Yet
In the increasingly oversaturated world of NFTs, Zedd sought out to create something that stood out. In his words, he wanted to create “the best NFT there is.” By the looks of it, his latest effort in the very least certainly deserves to be in the conversation. The immersive visuals guide us through a journey of miniature rooms and environments to the inimitable sounds of Zedd. In his announcement, the Grammy-winning artist explained that initially he was using one particular synth to soundtrack the clip, but upon seeing the finished product, he returned to square one to switch things up. The final result is a melody that morphs with the visual environments, appropriately framing the mood and tone of each scene. At the tail end of the journey, the camera takes us into one of th...
Someone Bought Lindsay Lohan’s Electronic Music NFT for $85,000
The auction for Lindsay Lohan’s new NFT has concluded with a winning bid of 85,484.09. No, this is not an April Fools’ joke. Lohan’s NFT (non-fungible token) sale comprised a motion graphic featuring animated butterflies that flap their wings in unison with a digitized Lohan’s blinking eyes. The artwork is soundtracked by a new song called “Lullaby” in which she sings over an electronic beat produced by Manuel Riva. Lohan’s item was sold on FansForever, a marketplace that touts itself as a hub to invest in exclusive celebrity NFTs, and purchased using the Tron (TRX) cryptocurrency. Prior to the end of the auction, the former Disney actress had shared a preview and referred to the sale as “history in the making,” later claiming in a sinc...
Calvin Harris Believes NFTs Could Revolutionize the Music Industry
International dance music superstar Calvin Harris is just the latest in a revolving door of musicians and performers to board the NFT (non-fungible token) train. And he believes the space has the potential to revolutionize the music industry, according to comments made during his recent appearance on the Clubhouse-hosted Good Time Show. Harris appeared on Good Time Show last week to promote his new NFT collection “Technofish,” a collaborative series with music video director Emil Nava. Harris and Nava’s NFT collection has since sold, with the final piece going for a whopping $108,888.00. A teaser image of Calvin Harris and Emil Nava’s “Technofish” NFT,” which sold for over $108,000. Calvin Harris/Emil Nava Harris recognized...
Oil and Water: How ArtGrails.com is Changing the NFT Space Through Unusual Collaborations
In the business world they say “you can mine either mine for gold or you can sell pickaxes.” In brothers Avery Andon and Alec Monopoly‘s case, they’ve got both bases covered and then some. Andon, a veteran art consultant and founder of ArtLife Gallery, and Alec, a prolific visual artist and pop culture phenomenon, are the latest to join the NFT arena, and they’re tackling the space thoughtfully, from all angles. The duo recently launched ArtGrails.com, an NFT platform bringing a uniquely collaborative vision to the flourishing blockchain-powered digital art space. The launch also saw the minting of several new pieces from Alec Monopoly himself, a renowned street artist who is taking the opportunity to explore new artistic avenues. ArtGrails.com launched with a...
ILLENIUM Announces Debut NFT Drop to Celebate 5-Year Anniversary of “Ashes”
To celebrate the five-year anniversary of his debut album, ILLENIUM is pushing his chips into the NFT craze. The electronic music wunderkind took to Twitter today to announce his first-ever NFT collection, a celebratory drop that will commemorate 2016’s Ashes LP. For those in need of a definition, NFTs, or non-fungible tokens, refer to unique digital collectibles that are sold and traded using blockchain technology. Fans can purchase the items using various forms of cryptocurrency. Check out ILLENIUM’s announcement below. When Ashes dropped back in February 2016, it effectively propelled ILLENIUM on the path to superstardom that he glides through today. The 12-track album featured a number of songs that longtime fans consider to be classics, like the Echos-assisted &#...
Ja Rule’s Fyre Festival NFT Fetches $122,000 Bid
In a bizarre reversal of fortune, Ja Rule has monetized his involvement in the infamous Fyre Festival in a way no one could have predicted. The rapper is the latest celebrity to join the NFT craze, and has successfully auctioned off a piece of Fyre Festival history. This particular NFT is of a 48″ x 60″ poster that once hung in the company’s office, and in addition to the digital file of the asset, the winner will also receive the physical version. Like so many other NFTs as of late, this festival poster fetched a jaw-dropping winning bid. An anonymous buyer took home the work for $122,000. The original painting was created by Tripp Derick Barnes, an artist Ja Rule found on Instagram, who was paid around $2,000 for the job. The poster most recently wa...
Calvin Harris Shares Preview of NFT Debut With Never-Before-Heard Music
As the NFT hysteria continues to grip the arts sector, dance music luminary Calvin Harris is the latest to enter the fray. Harris’ debut NFT drop is a joint effort with longtime collaborator and creative partner Emil Nava, who has worked with the Grammy Award-winning artist on a bevy of videos, graphics, and live show visuals. The nature-inspired digital art collection, dubbed “TECHNOFISH,” features five kaleidoscopic videos alongside exclusive, never-before-heard music. Check out a preview of “TECHNOFISH” below. Considering the immense carbon footprint of NFTs, or non-fungible tokens, Harris has opted to direct a portion of the funds from sales to organizations working to reduce carbon emissions. “Working with decarbonization advisor Aerial a ...
Joe Conyers III, Crypto.com’s Head of NFTs, on the “World-Building” Intersection of Digital Art and Music
He’s a music executive of over a decade, a four-time consecutive Billboard Digital Power Player, and now the new head of Crypto.com‘s soon-to-be-launched NFT platform. It may sound like an unlikely transition going from Chief Strategy Officer at Downtown Music Holdings to the Wild West of blockchain technology, but for Joe Conyers III, there’s a discernible through-line: a passion for helping artists share their stories. With new artists entering the space everyday, the rise in NFT popularity has been nothing short of meteoric. While Conyers acknowledges there’s a bit of a “gold rush” right now to tap into the trend, he still sees a long runway for growth for the space. “We have a very interesting art movement happening,” Con...
Blockchain Usage in Finance
Most people hear the term blockchain and automatically think of cryptocurrencies, like Bitcoin. We are living in an age where cryptocurrencies actually increasing in their popularity each given day, an example of it is the increasing demand for crypto trading apps. While this is still one of the most popular uses for blockchain technology, it’s still capable of much more. Let’s look at why and how this innovation is used in finance. Blockchain is a unique type of data storage. All types of information, including account numbers and transactions, can be stored as an encrypted code. These codes connect to each other to form larger blocks of data, and then blocks are chained together. The information is stored all over the world rather than in one place. Because data is encrypted ...
Grimes Releases New Music via Cryptocurrency Art Auction, Rakes in $6 Million
Grimes has released new music, but it’s not available as a physical release or via streaming services. Instead, the unreleased material accompanies cryptocurrency art pieces in WarNymph Collection Vol 1, a collaboration with her brother Mac Boucher which made Grimes more than $6 million via auction. The art isn’t physically available, either, but comes in the form of non-fungible tokens (NFT). WarNymph contains 10 different pieces. As Exclaim points out, Earth is accompanied by the unreleased track, “Ærythe”, while Mars is soundtracked by “Mars Theme”. The collection was made available on the NFT marketplace Nifty Gateway and sold out in 20 minutes. A percentage of proceeds from the sales will be donated to environmental NGO Carbon 180, presumably in an attempt to offset the electrici...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...