American DJ 3LAU Sells The World’s First NFT Collection of a Music Album for $11.6 Million

Can you picture having an album of your favorite artist, with a song made to your specifications and that only you could listen to it? Just how much would you pay for that privilege?The well-known

American DJ 3LAU wanted to learn. His fans are ready to pay millions: Particularly, $3,666,666 for one song and over 11 Million collectively for an entire collection of digital art tokenized on the blockchain in the kind of NFTs.Step Aside

, Billboard!The auction for

3LAU’s Ultraviolet album effectively concluded with overall profits of $11,684,101. It was possible thanks to the joint work between 3LAU and Origin Protocol, a platform concentrated on the development of marketplaces on the Ethereum blockchain as well as the advancement of IPFS technology.According to Origin Procedure, the auction was historic, as it was the world’s very first tokenized album ever.The auction included several tiers. The most premium one -the Platinum tier -provided a custom-made tune produced by 3LAU according to the bidder’s tastes and instructions, a physical vinyl, all of the 11 songs NFTs used from the Ultraviolet album, along with unreleased music.The winner of this category was the pseudonym BIDDER65 with a bid of$3,666,666.

Bidder65 was the winning bidder. Image: Origin Protocol

The next category -The gold tier- provided a customized mix, a physical vinyl, and unreleased music. It was awarded to those ranked 2-6 on the list, with the highest bid at $3,555,555.

Finally, the silver tier offered a physical vinyl and 3 tokenized tunes from Ultraviolet to those ranked 7 to 33 of the highest bids.The 33 highest

bidders received a commitment NFT.The NFT Market is Growing Both in Volume and Usage Cases

The NFT market is on fire. It is no longer a niche market exclusive for gamers and lovers of digital kittens. The marketplace has actually moved over $300 million, experiencing exponential growth because the last half of 2020, 3 years after Cryptopunks and Cryptokitties triggered the fever.Now, the usage cases for non-fungible tokens have actually expanded to areas such as art, sports, and memes.For example, the NBA Top Shot group stated that 25,000 users were waiting for the line to purchase their collectibles at the time of its launch, taping a trading volume of $ 32 million on its very first day of trading.Sorare, another platform oriented to the advancement of tokens for the world of soccer, has closed offers with the biggest UEFA clubs.And on the planet of plastic art,

million-dollar and lavish sales are the new norm, with artists like Justin Roiland (the creator of Rick and Morty), Beeple, and a Banksy opposition likewise offering their art collection.And 3LAU is not the only musician to endeavor into developing his NFT.

Currently Lindsay Lohan had actually auctioned off her own Lightning Network-inspired NFT, and reggaeton artist Ozuna releasing first digital blockchain art collection|The Music Universealso announced today the launch of his digital art collection.It seems that in the future, there will be an NFT for everybody. Enjoy reading? Please share: UNIQUE OFFER(Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to sign up & get 10%off fees and 50 USDT when trading 500 USDT(limited offer). PrimeXBT Unique Deal: Utilize this link to register & enter CRYPTOPOTATO35 code to get 35%free bonus on any deposit approximately 1 BTC.You Might Likewise Like: Published at Mon, 01 Mar 2021 00:53:43 +0000

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