Record companies are in full conquest of the metaverse
. While Warner Music Group recently integrated The Sandbox
it is the turn of Sony Music and Universal Music Group to join forces with a NFT
.
The two labels have announced that Bob Dylan and Miles Davis will settle down on the blockchain with a collection of NFTs sold on the marketplace Snowcrash.
Bob Dylan takes to NFTs
Bob Dylan and Miles Davis are the latest celebrities to take on NFTs. Sony Music and Universal Music Group will release collections of non-fungible tokens around these two artists later this year. The new NFT works will go on sale on Snowcrash, a Solana-based marketplace of which Bob Dylan’s son is one of the co-founders. Remember that the folk singer marked the history of these two record companies and that UMG spent around 400 million dollars for its catalog of songs in 2020, while Sony won the rights to his recorded music for more than 150 million dollars last year.
Enough to give Snowcrash a chance to compete with other more prolific platforms in terms of trading volume on the blockchain, such as MagicEden or Salanart. Especially since Sony and Universal are planning a broader integration of their artists. Dennis Kooker, head of digital business at Sony, said, develop a range of opportunities for artists with a focus on creating accessible and user-friendly experiences for creators and fans alike “. So that would only be the beginning.
Source: CoinTelegraph
See the price
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- Very large NFT library
- Many payment options
- Reasonable transaction fees
Main market place for the purchase and sale of NFT, OpenSea is the platform that references the most digital works. Its ease of use and low fees compared to other platforms make it a good place to start the NFT adventure. We simply regret that crypto-currencies are the only means of payment offered.
Main market place for the purchase and sale of NFT, OpenSea is the platform that references the most digital works. Its ease of use and low fees compared to other platforms make it a good place to start the NFT adventure. We simply regret that crypto-currencies are the only means of payment offered.
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