The Weeknd announces exclusive collection of NFT music and artwork - Marseille News
The Weeknd is one of the latest artists to join the music industry's latest marketplace: NFTs.The musician will auction an exclusive collection of music and artwork hosted on Nifty Gateway at an auction.Limited auction which will take place on April 3 at 2 p.m.ET.
Interested buyers will be able to join in the flash sale where three visual works will be auctioned off.Each artwork, created in collaboration with Strange Loop Studios, contains a filtered segment of a new song from The Weeknd, and attendees can purchase any amount of artwork during the limited time it is available.
After the full collection auction, a 24 hour auction will take place where buyers can place their bids to unlock the full song, without the limitations of any filters.The Weeknd will not stream the song to the platforms.streaming or any other form in the future, so only the winner will hear it.
"Blockchain is democratizing an industry that has always been kept closed by gatekeepers.I've always looked for ways to innovate for fans and change this archaic music biz and see NFT allow creators to be seen and heard." more than ever on their terms is deeply exciting, "The Weeknd said in a statement." I intend to contribute to this movement and I can see that very soon it will be incorporated into the mechanics of the music industry.
Posted Date: 2021-04-04