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Nation singer Parker McCollum, higher referred to as The Gold Chain Cowboy has introduced the discharge of his first-of-its-kind 2022 Fan Membership NFT on MusicFX, the most recent NFT platform from CurrencyWorks.
MusicFX is revolutionising the music business one expertise at a time as a completely new stage for music fan engagement, giving new which means to social forex for artists and occasions.
Coin Rivet spoke with CurrencyWorks and MusicFX’s co-founder Cameron Chell who spoke about NFTs within the music business and basically.
He defined NFT’s enable for an precise digital product that’s distinctive or will be restricted to a quantity and never copied.
“This is a digital product that can have scarcity, security and versatility,” he stated.
“Their basis within blockchain means that consumers do not need to worry about fakes, or counterfeits – issues that have plagued the music industry for years in the events, ticketing and memorabilia spaces.
“Versatility, in that almost anything can be tokenised as delivered to the end-user through an NFT and it doesn’t need to just be a song, artwork or video.”
When speaking about artists engaging with fans in novel methods, Chell stated NFTs are positively among the many future potentialities.
“It’s an area of engagement that is not being overlooked at this moment in time but I think people do underestimate what is possible with this technology, and we’re aiming to change that thinking with MusicFX,” he famous.
He additionally added that whereas he believes NFTs can revolutionise the best way we strategy many points of client and business transactions and interactions, he doesn’t, nonetheless, suppose they may change the demand for conventional engagement.
“In fact, some of the benefits we will extend to members of MusicFX will be that type of engagement, but the gateway to those experiences will be delivered through an NFT,” he opined.
“I think NFT’s can be utilised in many different ways, this could be one of them.
“As much as I’m sure both sides would like, it’s just not practicable for an artist to meet and spend time with every single fan.”
The reality is, NFTs could possibly be utilised to bridge that to some extent via private content material that might be distinctive by their encoding via the blockchain.
Additionally, as a result of shortage or uniqueness of that content material, it has worth as a collectible and will be traded with different followers/collectors.
Singer Parker McCollum revealed to Coin Rivet that he was at all times eager about discovering new methods to attach together with his followers and supporters.
“I didn’t just want to put a song on an NFT, I wanted to put an experience on one, and CurrencyWorks have done that for me,” he stated.
He additionally admitted he can not keep in mind the place he first heard about NFTs however added he is aware of they’ve been fairly massive information within the music business for some time now.
“I think a lot of indie artists were using them, to begin with, but I’ve seen the Rolling Stones, Shawn Mendes, and Mike Shinoda all release NFTs,” he famous.
He additionally revealed that, although he’s nonetheless not an energetic investor in NFTs, he “wouldn’t rule it out”.
“I’ve seen some pretty cool things done on NFTs, so I’d definitely consider it,” he added.
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Let's simply say he has the magic contact in the case of $$$.
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