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Join the discussion here and watch Rico Nasty’s “OHFR?” video above. Beacon Bloom are an electronic trio from New Zealand. Elon Musk is getting in on the NFT gold rush by selling a new electronic music track he’s apparently produced as an NFT. An alternate model of the late MF DOOM‘s music video for his 1999 monitor ‘Lifeless Bent’ is being launched as an NFT.. Director Adam Bhala Lough, who additionally helmed the track’s unique video, told Pitchfork that he and the colourist are the one two individuals who have seen the alternate video, which has been remastered. By findyoursounds April 16, 2021 April 16, 2021. The NFT sales boom has touched off a mainstream music industry gold rush, which some proponents argue could become a long-term boon to artists … By choosing I Accept, you consent to our use of cookies and other tracking technologies. The visual was shot by Adam Bhala Lough, who claims that he and the colorist of the remastered video are the only two people who have seen the alternate version. Subscribe to get the best Verge-approved tech deals of the week. To learn more or opt-out, read our Cookie Policy. March 24, 2021. The dance music duo made their NFT debut by producing a brand-new song live on Twitch, then immediately minting that track as a single-copy NFT and putting it up for auction. A new and unreleased version of MF DOOM‘s “Dead Bent” music video is being sold as an NFT. Yes, you’ve heard that right — it’s a song about non-fungible tokens, which Musk appears to have minted (or plans to mint) on the blockchain. It’s worth noting here that Musk is a huge proponent of bitcoin. Investing in the biggest artists in the world, such as Don Diablo or Kings Of Leon, will be a smart thing to do as these artists have a lot of prestige. An unreleased version of MF DOOM‘s “Dead Bent” video will be unveiled to the highest bidder in an upcoming NFT auction. It’s loosely a techno song if you want to dig into the genre (with some electro house vibes thrown in), and that’s appropriate considering Musk named himself the “technoking” of Tesla in a real filing with the US Securities and Exchange Commission this morning. How Do Audio NFTs Work? Rico Nasty isn’t the first musician to join the NFT marketplace. Leave a Comment on World’s first NFT integrated music video!! By Jacob Kastrenakes @jake_k Mar 1, 2021, 6:06pm EST ... Grimes is the latest artist to get in on the NFT … NFT is tracked on blockchain to provide the owner with proof of permanent ownership, essentially eliminating unauthorized ownership in the market and making each transaction traceable. Including images and short videos set to music. The HODL acronym, though it’s believed to have potentially originated as a drunken misspelling of the word “hold,” is both online slang and a kind of rallying cry for the bitcoin community, because it ostensibly encourages crypto enthusiasts not to sell their tokens. Youngme, Mihir, and Felix discuss the hype surrounding NFTs (non-fungible tokens). As for the song itself, well... there’s not a lot to say. Several musicians have already gotten a jump start on the trend, and Rico Nasty is now the latest. Crypto Music. On Friday, Rico Nasty announced that she’ll be teaming up with her “OHFR?” video creator Don Allen III to sell artwork from the video as an NFT. Video As An NFT The excitement has been about NFTs being a means of selling digital art but the tokens can also be music, video clips and apparently virtual kittens., we’ll get to the kittens later. It’s not very good, though by the standards of Musk’s previous work in the electronic music scene — the certifiable not-quite-a-banger “Don’t Doubt ur Vibe” — I’d say it’s an improvement. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Grimes auctioned 10 NFTs for $6 million, including unique images and short videos set to her music. Grimes was one of the first to sell her artwork as an NFT, raking in $6 million in just one day. Demo video of the Listening right Music NFT can be viewed here. Disclosure created a song from scratch live on Twitch then immediately minted it to be sold as an NFT. The 411 on NFTs: NFTs are crypto tokens that represent a certificate of authenticity. The looping video attached to the song Musk posted to Twitter on Monday displays the words “Vanity Trophy” orbiting around a golden orb affixed to the top of … It’s also not clear on which platform Musk intends to sell the NFT. A token is non-fungible if there is only one of its kind. They also dig into recent music industry … Apodaca plans to release an NFT of his most famous video clip. In February, DJ and music producer 3LAU made $11.6 million selling music NFTs in only 24 hours. Music sold this way tends to be new pieces specifically for an NFT sale, not preexisting songs that have already been commercially released. So the “non-fungible” part here means something unique and the “token” part can be taken, in the case of music, as shorthand for a digital item such as a song, an image or a video. NFTs in the Music Industry An NFT functions like a cryptocurrency, but unlike currencies such as Bitcoin, it allows you to invest in real products. We also don’t know if the song has a name, but we have some clues. World’s first NFT integrated music video!! Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. (Photo by MEGA/Getty Images) ... music, videos, collectibles, trading cards, video game virtual items, or … newsletter, invested $1.5 billion in the cryptocurrency, real filing with the US Securities and Exchange Commission this morning, certifiable not-quite-a-banger “Don’t Doubt ur Vibe”, Two Coinbase employees exchanged NFT rings with their wedding vows, Hackers stole NFTs from Nifty Gateway users. Together, Ryan Ferris, James Allen and Joss Doge have created their own unique, genre-fluid universe. the most unique nft art, performed by Google translator and fragments of sound mixes and all this is under the control of a person. At various points in the short video, the words along the trophy shift from “computers” to “never sell” while a female vocalist sings lyrics over top like “NFT for your vanity” and “computers never sleep.” Did I mention that the trophy also has little gold dogs, or “doges” if you will, rotating around it, too? This still holds true in … Rico Nasty Is Selling A Clip Of Her 'OHFR?' Tesla invested $1.5 billion in the cryptocurrency last month and plans to accept it as form of payment for its electric vehicles in the future. Nightmare Vacation is out now via Atlantic/Sugar Trap. NFTs, which stand for Non-fungible tokens, are a way for creators to make a profit off their digital content using blockchain technology. Instead of minting audio tokens, you're storing and streaming your music on the blockchain via a dApp platform. The NFT will be made available for bidding on SuperRare starting March 22 at 9 am EST, followed up by a conversation with Rico Nasty on Clubhouse. Artists will have the choice of the minimum value an NFT is sold for, and a percentage commission on future sales. An alternative version of the late MF DOOM‘s music video for his 1999 track ‘Dead Bent’ is being released as an NFT. Just a few days later, Canadian musician Grimes made $5.8 million in 20 minutes. Rico Nasty is a Warner Music artist. Musk did not include a link to the NFT, so it’s not clear if it’s already live or if Musk plans to initiate the sale at a later date. Grimes sold a series of digital artworks, including images and short videos set to music, for close to $6 million. NFTs can be sold or re-sold and sales primarily happen on the Ethereum blockchain (this is a decentralised network for trading with Ether which, in cryptocurrency terms, is Pepsi to Bitcoin’s Coca-Cola). 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