John Legend, the great-allrounder who has already completed an EGOT, the youngest person to do so, is spreading his wings into NFTs. The R&B star is named co-founder and chief impact officer at Our Happy Company, which today (Feb. 2) launches OurSong, its social NFT platform. With Legend in his dual-capacity, Our Happy Company has ambitions for OurSong to “build a better system for creators to be discovered, monetize their work, and engage with fans through NFTs,” reads a statement. The new platform is meant to appeal to those of us who don’t possess a degree in computer science, or have, at the very least, a lifelong tech habit. One of its points of difference is ease of use, for artists and consumers. OurSong users don’t need to hold a separate cryptocurrency wallet outside the...
Over the last couple days, a beta version of a new platform called HitPiece has sparked outrage and confusion throughout the music industry after artists and their teams began finding NFTs of their songs posted on the marketplace without their permission. The NFTs were listed as “available for auction” or as “live” auctions under individual song titles with corresponding album artwork, and while they were characterized as “music NFTs” they did not appear to contain audio. HitPiece’s mission, according to the company’s pitch deck, is to make a “1 of 1 NFT for every song,” allowing “USD and Crypto for payment.” The company launched in December, but it wasn’t until Tuesday that people began to really take notice that it was listing NFTs for artists ranging from XXXTentacion to John Lennon to ...