cryptocurrency
Madeon Announces Debut NFT Drop
Another day, another NFT drop. This time around, the digital art craze finds Grammy Award-nominated electronic music producer Madeon throwing his hat into the ring. The French wunderkind is set to unveil his debut NFT item, which he has dubbed “THE DISCHEAD.” According to a preview shared by marketplace Nifty Gateway, it seems the trippy visual art will be accompanied by music produced by Madeon. The collection will drop on Thursday, March 18th at 3:30PM PT (6:30PM ET). Check out the preview below. Madeon also shared the origins of NFT, which was designed by the artists responsible for the visuals from his “Good Faith Live” tour, Mollie Tarlow, OSEANWORLD, Shin OSM and Mike Kluge. In a candid Twitter thread, he said the new NFT drop “would be a ...
Watchout Bitcoin, NFTs Looks To Be The Next Crytpo Wave
HipHopWired Featured Video Source: Chesnot / Getty Cryptocurrencies like Bitcoin are currently all the rave with investors, but lately, NFTs (nonfungible tokens) have grabbed the spotlight. Now, you might be asking what the hell is an NFT? Well, per the New York Times, an NFT is defined as “an asset verified using blockchain technology, in which a network of computers records transactions and gives buyers proof of authenticity and ownership. The current boom is mostly for digital assets, including images, GIFs, songs, or videos. Most importantly, NFTs make digital artworks unique, and therefore sellable.” So why should NFTs be on your radar? You should be paying attention to NFTs becuase it is quickly becoming artists, musicians, influencers, and sports franchise’s way to monetize digital ...
Steve Aoki on the Future of Digital Art: “NFTs are a Juggernaut That Cannot Be Stopped”
After selling his debut NFT collection for a cool $4.25 million, famed dance music producer Steve Aoki believes the future of digital art is bright. In collaboration with renowned visual artist Antoni Tudisco, Aoki’s debut “Dream Catcher” collection was sold on Nifty Gateway, one of the NFT industry’s leading marketplaces, to former T-Mobile CEO John Legere. Aoki’s team tells EDM.com that Legere forked over a record-breaking single auction price of $888,888.88 for a piece called “hairy.” “Music has always been what my life is rooted in, but I’ve been a passionate collector of collectibles and various forms of art for as long as I can remember,” Aoki said in a press statement. “NFTs gav...
Azealia Banks Sold an Audio Sex Tape as an NFT for $18,000
What’s that fucking sound? Why, it’s “I FUCKED RYDER RIPPS”, an audio-only sex tape by rapper Azealia Banks that just sold as a blockchain NFT for over $18,000. (Via Vice.) The Non-Fungible Token (NFT) was created by the titular Mr. Ripps and posted on the Ethereum blockchain for 10.00 ETH. At the time of this writing, 1.00 ETH is worth about $1,827.08, which brings the total haul for the heavy breathing to $18,270.80. Now, that 24 minutes and 22 seconds of light cardio belongs to Bond villain user Rulton Fyder, who has the right to do anything they want with it, from whacking off, to helping others whack off, to playing it at parties while passing out drinks. As Banks and Ripps wrote in the product description, “This sale is for the full rights and sole access to the first audio...
Dillon Francis Mints Psychedelic NFT for Charitable Cause
Dillon Francis is diving deeper into the blockchain game by launching a new NFT, which is available now for charity auction. Developed by 3D artist Nicole Ruggiero, the quirky NFT titled “I think there’s something wrong with my phone” features a trippy visual of a translucent, paper-like cellphone interface. Synced to a beat crafted by Francis himself, the music pairs appropriately with the scene at hand featuring a thumping bassline and a swirling chorus of distorted background vox. The sale of the psychedelic visual will go towards an environmentally friendly cause as the artists have pledged to plant 100 trees in the winner’s name. You can make your bids here. Dillon Francis and Ruggiero first connected just a couple weeks ago, when the former purchas...
ODESZA to Release Debut NFT Collection
As lockdown measures and the absence of live music events continue into a second year, the EDM community has recently experienced an explosion in the popularity of NFTs. The items have emerged as a means for artists to gain financial support during a time when many performers’ livelihoods remain uncertain. For those unfamiliar, an NFT, or non-fungible token, is a digital collectible item. NFTs are stored on a decentralized blockchain and can never be deleted or replicated, meaning that the person who buys or obtains one will be the sole owner. In the electronic music space, NFTs often appear as digital artworks accompanied by exclusive music. Following the likes of Flume, Disclosure, and many more, ODESZA is the latest major dance music act t...
Audius’ $AUDIO Token Reaches All-Time High, But Payouts are Still to Come
Music streaming service Audius has seen a recent surge of popularity since its beta phase in October 2019 and ensuing public launch a year later. The controversial blockchain-powered platform’s cryptocurrency token, $AUDIO, has hit a new all-time high after Audius surpassed 3 million active users, according to Cointelegraph. The report claims that the beginning of March 2021 saw the price of $AUDIO go from a low of $0.38 to a new all-time high of $0.79 on March 4th, and spike from $3 million to a record $55 million trading volume. While that’s certainly good news for the project and its decentralized approach to music streaming, Audius still hasn’t publicly shared information on how or when its users will obtain $AUDIO. According to an&...
Dillon Francis and Lane 8 are Beefing About NFTs
It seems the NFT craze is starting to rear its ugly head. Electronic music producer Lane 8 recently took to Twitter to share his thoughts on the current climate of NFTs, or non-fungible tokens, writing that sales of the digital collectibles are “pandering to the ultra rich while excluding the normal fans who built [him] up in the first place.” Hours after Lane 8 published the tweet, Dillon Francis took a screenshot of it and went on to mint the image as an NFT on the Zora marketplace, dubbing the item “cool story bro.” “[D]on’t worry Lane 8 when you make an NFT we will all remember this,” he wrote in the description, along with a smiley face. Francis then shared his newly minted NFT on Twitter, announcing that he would be donating the pro...
Flume Enters the NFT Space With Trippy “Saccade” Digital Artwork
Flume is the latest major electronic music artist to join the wildly popular NFT space. Flume’s foray into the NFT space, which could be one of its most lucrative, is a stunning collaboration with visual artist Jonathan Zawada. Titled “Saccade,” the trippy artwork depicts a polychromatic eye and pupil, which mutates and dilates in awe-inspiring fashion. It’s one of the most intricate NFT drops to emerge during the non-fungible token craze, which has exploded in the EDM landscape. Flume and Zawada’s “Saccade” NFT is accompanied by a hypnotic ambient song produced by the future bass pioneer, the audio of which the winning bidder will receive in MP3 and WAV formats. The rare 1/1 item is the first in a series of NFTs to be offered by th...
Disclosure Produced a New Song Live on Twitch and Minted It as an NFT
Grammy Award-nominated dance music duo Disclosure has thrown their hat into the red-hot NFT ring. Disclosure recently took to social media to announce their debut NFT release, which was streamed live on Twitch via a music production session. Immediately after the song was created, it was minted and made available for purchase on Zora, a major marketplace to buy, sell, and trade limited edition digital collectibles. Watch Disclosure’s Guy Lawrence explain their debut NFT release below. There’s a good chance you’ve found yourself in a Google rabbit hole recently due to the NFT craze. NFTs, or non-fungible tokens, are digital collectibles whose ownership is verified and protected by blockchain technology, ensuring authenticity. The items—often unique pieces of...
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...
Crypto ban: We acted in Nigerians’ best interest – CBN
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system. Mr Emefiele made the declaration on Tuesday, February 23, 2021, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, on its directive to institutions under its regulation. Describing the operations of cryptocurrencies as dangerous and opaque, the CBN Governor said the use of cryptocurrency contravened an existing law. He said given the fact that cryptocurrencies were issued by unregulated and...
