Pak (formerly known as Murat Pak), a digital artist who rose to fame with NFT (non-fungible token) artwork The Merge, is collaborating with WikiLeaks founder Julian Assange to launch Censored, Assange’s first NFT project.
Censored is a collaboration with Julian Assange. It's about you.
It consists of two parts, a dynamic 1/1 and a dynamic open edition, for you all to participate.
During a Discord discussion, Pak said that Censored is a push to fight for Assange’s freedom: “For me it’s about freedom, and this time my medium is a case.”
Censored drops on February 7, and will include a dynamic limited-edition and a dynamic open edition, in which anyone can participate. While there aren’t many details disclosed as yet, the NFT will incorporate an image that will change over time based on smart contract data.
Jan 24 – Julian Assange won the right to ask the Supreme Court to block his extradition to the US, allowing his lawyers 14 days to make their case.
Jan 24 + 14 days 👇🏻 Feb 7 👇🏻 A *dynamic* @muratpak collection / an unknown outcome for one man’s future.
FreeAssangeDAO is an decentralised autonomous organisation that was formed to help Assange with his legal fight. The organisation follows the precedent set by FreeRossDAO, which raised money for the release of Silk Road founder Ross Ulbricht from prison.
While the Censored NFT collection and the FreeAssangeDAO seem to have no connection, the organisation does plan to bid on the NFT.
Assange, an Australian editor and activist, is known as the co-founder of WikiLeaks, a non-profit organisation that publishes news leaks and classified media provided by anonymous users.
Supporters of Julian Assange cheer outside the Old Bailey in London after a judge ruled he could not be extradited to the US.
WikiLeaks has a large database containing classified information about war, espionage and corruption, mostly gleaned from US government sources. Assange has been confined in Belmarsh, a maximum-security prison in London, since 2019. He may yet be extradited to the US to face numerous charges, such as hacking and espionage.
It was only ever a matter of time before flamboyant and controversial Australian tennis bad boy Nick Kyrgios exploited the burgeoning non-fungible token (NFT) market, and his first Grand Slam title has afforded him the ideal opportunity with the launch of his “King Collection” series.
Thanasi Kokkinakis and Nick Kyrgios. Source: Canberra Times
With boyhood friend and makeshift doubles partner Thanasi Kokkinakis, Kyrgios (above, right) won the Australian Open men’s doubles championship last weekend, the pair sharing a lucrative A$675,000 purse for their trouble.
When $337,500 is Only the Beginning
But for a man of Kyrgios’s prodigious proclivities, that was never going to be enough. For added value, five Kyrgios “reaction moments” from the tournament will be released as NFTs in a limited run of 22 priced at US$399 apiece. The first of each of the five series will be an ‘Ultra Rare Gold’ moment, to be auctioned off over the next five days.
King Collection poster. Source: King Collection
Those five series (with descriptions, one suspects, supplied by Kyrgios himself, though the exclamation points are ours) are:
Bring The Heat: He sets the court aflame whenever he steps out! He is King Kyrgios!
Fly Higher: First Australia, then the world! Nick doesn’t care for limits!
Let’s Dance: This is no last dance for Kyrgios! This is only the beginning!
LFG: He says it how it is! But we won’t repeat it here! (OK, we will then: “Let’s f..king go!”)
Tongue Time: Sometimes the celebration takes over! Control on the court is key, but once you win it’s OK to let loose!
A ‘Hyper Rare Diamond’ NFT celebrating the actual moment Kyrgios and Kokkinakis claimed their doubles title will also be auctioned off as part of the drop at a starting price of (gulp) US$9,999.
Key moment from the ‘Hyper Rare Diamond’ NFT. Source: King Collection
But Wait! There’s More!
If that were not enough, a further drop of 2022 NFTs celebrating the year of Kyrgios’s maiden Grand Slam title will be priced at US$20.22 each. At least most of his fans may find these affordable.
I’m all about the fans and the fan experience so this feels like another great way to connect. NFTs are the future of collectibles and I always want to be on the cutting edge and to advance our sport.
Nick Kyrgios, tennis professional, NFT entrepreneur
The Nick Kyrgios NFT collection (officially and more regally dubbed the King Collection – as in “Nick is here to leave a mark, and to usher in the next gen of sports stars”) – is available to purchase here.
However well Kyrgios does with his NFT drop, it will no doubt run a distant second to the Australian Open (AO) Art Ball NFT metaverse project that has generated US$4.4 million (A$6m) in trading volume since early January in the lead-up to the tournament proper, which concluded last weekend.
Art NFT collections are propelling the art world into the modern age using the power of blockchain technology. Cultural art collectors can now own digital artwork as NFTs (non-fungible tokens) to verify ownership and display them in virtual galleries.
Digital Art’s New Frontier
2022, the art industry is now entering a new digital age, allowing artists to create and sell their pixel based art and 3D animations from anywhere around the world. We have seen a dramatic rise in the number of art NFT projects fueling a new appetite to modern art. Not only are there new opportunities for artist to sell, but NFTs also offer the possibility for collectors to purchase art at online auctions and also resell in secondary NFT marketplaces.
Enter Cultural Art
Cultural art focuses on making art from cultural traditions to highlight traditional forms of style and artistic expression. To help you discover great new digital cultural art we’ve compiled a list of ten popular collections from around the globe.
Mark Winklemann, better known as Beeple, is a giant in the NFT space. One NFT collage propelled Beeple into the record-breaking spot of “third most-valuable living artist” with his piece selling for US$69 million.
The American-based artist has both an extensive and well-deserved net worth and social media following. His collection of work is immense, with individual pieces embracing sci-fi and steampunk themes. The works are composed of bright, fluorescent colours, and are truly intriguing to look through. Some of these individual works have been compiled to form the collage that boosted Beeple into the public eye.
Hashmasks is unique in the sense that the collection has been put together through the efforts of 70 different artists. Each of the NFTs in this collection are “the first travellers of Earth”, and comprise various masks, skin and eye colours, and props. The masks have taken strong inspiration from the 1980s works of Jean-Michel Basquiat.
According to the creators, the Hashmasks “forgot their names by the time they arrived to Earth”. This allows collectors the unique opportunity to name their own Hashmasks. To do so you will need to be in possession of name-changing tokens (NCT) – the native Hashmasks currency.
Though the real artist behind the XCOPY name remains anonymous, we do know that XCOPY is a London-based creator presenting a series of distorted visual loops. These somewhat disturbing, yet intriguing, GIFs established XCOPY as one of the pioneers of the cryptocurrency art scene.
If you are sensitive to flashy imagery, XCOPY may not be the artist for you, with quick-moving pixels and bright colours creating truly mesmerising art pieces. You may either not be able to look for too long or have trouble looking away. As for the imagery itself, the pieces are quite dystopian with most featuring macabre, distorted faces. This collection won’t appeal to everyone but there is evidently an immense amount of skill and thought behind each piece.
Blake Kathryn’s work has found a balance between the conceptual and the commercial. Exploring the music, fashion and tech industries, her pieces are extremely ethereal and dreamlike. Kathryn’s vibrant futurist aesthetic is easy to get lost in.
The Los Angeles-based artist’s multidimensional creations have led to several high-profile collaborations across various industries, some of which include Fendi, Smirnoff, Jimmy Choo, even Paris Hilton. Kathryn’s collection feels like scenes from an open-world RPG, which may be due to her main inspirations being science fiction, anime, cinematography and architecture. She is currently working to raise awareness for lesser-known creators.
Giant Swan is a Melbourne-based artist utilising virtual reality technology to explore 3D sculpting. His pieces truly are captivating; featuring glass-like consistencies, they often depict humanoid figures in various surreal backgrounds. Giant Swan creates these environments through extensive depth experimentation and repetitive layering.
Outside of Giant Swan’s NFT creations, he has been an art and experience director for several projects, recently having his works displayed in Melbourne, Miami and Shanghai exhibitions.
Micah Dowbak, aka Mad Dog Jones, operates out of Ontario, Canada, to create beautiful cyberpunk-style pieces of the mundane. Described as bringing a “fresh thematic to the metropolitan aesthetic”, Mad Dog utilises Japanese animation style to make the ordinary seem extraordinary.
His pieces begin as a rendered hand-drawn image or photograph, which is then illustrated over to achieve a gorgeously colourful aesthetic. Mad Dog’s fame extends beyond his NFT success, however. He has had several collaborations with high-profile names including Connor McGregor, Maroon 5, the Jabbawockeez, and Run the Jewels.
FEWOCiOUS takes the spot in this cultural art NFT collections list as the youngest artist. At only 17, high school student Victor Langlois found success and, a year later at just 18, FEWOCiOUS has become the third-best-selling NFT artist.
Langlois’ art is said to “create snapshots of [his] memories and a mirror into [his] heart”. Originally, Langlois used art in middle school as a tool to beat boredom, which soon turned into a means to process growing up. FEWOCiOUS’s pieces are caricatures consisting of bright colours and linework – carrying over his childhood interest in doodling and transforming it into sought-after artworks.
Refik Anadol – inspired by Blade Runner‘s landscapes.
Inspired by the landscapes of Blade Runner, Refik Anadol uses AI, architects, musicians, neuroscientists and data scientists to develop his works. Combining the physical and virtual worlds, Anadol presents kinetic artworks that appear to have the consistency of sand.
Recently, Anadol has collaborated with NASA, using millions of the space agency’s photographs and inputting them into AI technology to result in an AR sculpture and an NFT room. The immersive technology of this NFT room is making history, such a room allowing viewers to simultaneously interact with technology, space, and art.
The name Hackatao itself has a meaning as distinctive as the art pieces the so-named artist creates, with ‘Hack’ standing for discovering what is hidden under the skin, and ‘tao’ meaning yin and yang. Hackatao’s works encompass some of the main issues plaguing society, the environment, and crypto. They also explore art, psychology and history through the various symbols in the collection.
The bulk of Hackatao’s works consists of humanoid creatures called ‘podmorks’, decorated with doodles. Most of the podmorks are feminine creatures and come in GIF style, moving gently on loop.
Coldie – a collection built around Warren Buffett.
Coldie, an award-winning artist featured among an array of exhibitions, conferences and auctions, has a collection of stereoscopic 3D art built around the face of billionaire Warren Buffett. The imagery is subject to digital distortion and offers a comic-like vibe.
Coldie’s collections are blockchain-themed, aiming to offer a visualised representation of the “disruptive industry”. The main theme listed behind the Warren Buffett collection is the billionaire’s investment in gold without recognising the digital value of Bitcoin – which Coldie describes as “digital gold”.
Conclusion
NFTs are providing a plethora of opportunities to artists and buyers alike. Traditional artists can transform their work into NFTs, allowing them to grow their fanbase and increase their buyer pool. Collectors, on the other hand, can visit the works of artists on the other side of the globe and expand their collections into the digital world.
If you are new to the concept of NFT collecting, you can start smaller. NFTs cater to various budgets, and you don’t have to start at the top to become a collector. Alternatively, you can now own NFTs in video games and across various other intriguing projects. Regardless, NFTs are seeing extreme growth of late, moving away from the niche into the mainstream. This is a space that rewards creativity and provides an inherent feeling of community to those involved.
Cultural art collections are expanding in this digital community, connecting more artists than ever before. Anyone with internet access and an artistic mind can leverage the blockchain however they see fit. This list merely offers you an idea of what can be done with NFTs, allowing you to enter the space with the confidence you need to complete further research. This space is a completely new approach to the art industry, and understanding the founding pillars will help you to positively interact with art globally.
Global fantasy football platform Sorare just landed its biggest ever NFT sale, with the Norwegian football superstar Erling Haaland NFT selling for just over A$1 million (265 ETH).
Fanatic YouTubers followed the auction live on-stream and were both excited and shocked when the auction price just kept going up and up. The eventual winner was Zima Blue, who outbid two rivals willing to bid half a million dollars for the Haaland Unique NFT.
The record was previously held by the Kylian Mbappe NFT, which sold for 116 ETH in late 2021. The Haaland card smashed through the French footballer’s price to more than double the record.
Most expensive footballer NFT auctions. Source: SorareData.com
Sorare User Growth Soaring
The number of users owning at least one NFT on the Sorare platform has grown more than 2,700 percent from 3,055 users in January 2021 to 88,143 users in February 2022.
Sorare is a blockchain-based NFT fantasy football game where fans can own their players and enter them into competitions to win prizes.
The France-based company recently completed a US$680 million fundraising round to scale operations and onboard major football leagues around the world.
If you want to find out more, check out our Sorare Review.
Virtual sporting company Raramuri is hosting the world’s first-ever marathon in the metaverse, where participants can earn digital rewards for running in real life (IRL). The event will take place on June 2, with this year’s annual Global Running Day to be built on the KardiaChain blockchain in what the company is calling its first “run-to-earn event”.
Screenshot of Raramuri marathon in action. Source: Raramuri
Metaverse Marathon Mashup
The in-browser event will host 500 registered participants who will run 26.2 miles (42km) IRL and will be traced using their mobile phones or watches. The race data will correspond to an avatar progressing through Raramuri’s virtual course.
According to Raramuri’s website:
The Metaverse Marathon, the first hybrid race of its kind, allows you to focus on what you love and do best in the physical world: RUNNING, while greatly enhancing your experience with the shared metaverse.
The company added that physical marathons hold so many logistical boxes to check that they are currently not accessible to a lot of people. The aim of this race is to bring people from around the world together to run in their home towns, all connected by their course.
The race will be coordinated in such a way that spectators can line the virtual course’s track and support their favourite runners by emoting a thumbs up or sending NFTs (non-fungible tokens) to their wallets as they run by in a watch-to-earn incentive model. Whenever a runner passes a competitor, their phone will buzz. Participants are also encouraged to dress their avatars in costumes showcasing their style, cause or inspiration to make the race more theatrical and interesting.
The metaverse has opened up a world of opportunities, but one Twitter user questioned why participating in a marathon would be the first thing to do:
You can do anything in the metaverse and you choose a run
The project’s backend is built on the KardiaChain blockchain. Runners who complete the marathon will be rewarded with a digital asset – an NFT to commemorate their experience, which will feature their race times and grant them early access to future marathon registrations. Participants will own their NFTs and have their race information permanently recorded on the blockchain.
More and More Events to Take Place in the Metaverse
As the metaverse continues to expand and more companies move into the space, various projects have embraced the innovative platform as a means of hosting. A new project called Animal Concerts is building a virtual touring company to host virtual live music events in the metaverse.
The singles champions at this year’s Australian Open (AO), Ash Barty and Rafael Nadal, pocketed a cool A$2.875 million each for two weeks’ work – but they weren’t the only big winners of the tennis world’s first Grand Slam of the season, completed last weekend.
Fans attending matches in the metaverse had the chance to buy an AO Art Ball non-fungible token (NFT) linked to a specific spot on centre court that marked the winning shot of both the men’s and women’s championships, along with all other finals matches in the tournament.
At no point did we anticipate we’d sell out the public drop in three minutes. As a result, we’ve set the bar extremely high for what NFTs can become in the future.
Ridley Palmer, metaverse and NFT project manager, Tennis Australia
The NFTs were released via a public drop where users could pay to mint an AO Art Ball from the 6,776 available. Fans could therefore literally buy a piece of the action via an NFT that gave them “property” rights to a 19cm x 19cm square of Melbourne Park’s Rod Laver Arena. They stood to win big should the last bounce of the ball fall into their square on the deciding point in any final.
Nadal’s NFT Surges 4000%
The price of bids for the NFT marking where men’s champion Rafael Nadal’s winning shot landed surged more than 4,000 percent during the tournament final, while the AO Art Ball NFTs generally have recorded US$4.4 million (A$6m) in trading volume since early January, according to OpenSea data.
Mens Final – Nadal’s winning shot
Nadal’s AO Art Ball NFT, meanwhile, has yet to change hands – meaning its expected value has escalated from around US$700 (A$981) to US$8,438 (A$11,836) in ether. The latest offer is worth 3.2 ETH, almost 4,168 percent above the floor price.
Barty’s NFT More Than Triples in Value
The day before, on January 29, Ash Barty became the first Australian to win a home Grand Slam in 44 years in taking the women’s title.
Two days later, offers on the AO Art Ball for Barty’s victory shot were coming in at least 1,230 percent above the floor price. That’s more than three times the original price paid, according to OpenSea and Etherscan data. The original minter sold the piece for 0.298 ETH, then worth about US$780 (A$1,107). But the value placed on it by bidders has reached as high as 1.3 ETH, or US$3,632 (A$5,094).
Womens Final – Barty’s winning shot
Keep in mind, though, that high gas fees for transactions on the Ethereum network are additional to the price of minting an NFT.
ApeDAO, a decentralised autonomous organisation (DAO) founded by pseudonymous non-fungible token collector KyloRen, is the third-largest holder of Bored Ape Yacht Club (BAYC) NFTs.
Community discontent has led to a vote on the question of whether to dissolve the DAO. Available evidence suggests that soon, the DAO will be no more:
81 Bored Apes + Mutants are potentially about to be sold by the 3rd largest holder @ApeDao_, pending an ongoing divided & heated community vote to liquidate the DAO.
According to Montana Wong, co-founder of creator economy-based product studio Sprise, ApeDAO was established with the goal of becoming the largest holder of BAYC NFTs. The DAO itself is governed by a token $APED, which represents voting rights within the DAO and fractionalised ownership of the DAO’s treasury, which at 11,562 ETH translates to approximately US$31.7 million at the time of writing.
Using these figures, the $APED token ought to be trading at around US$16, however in reality it is closer to US$8. Since August, the floor price of BAYC has risen from 20 ETH to 100 ETH, suggesting a fivefold return. However, $APED holders have seen their values decline from US$10 to US$8 over the same period.
The problem, then, is quite simple. The DAO’s governance token has failed to keep pace with the value of the treasury’s holdings. It’s the equivalent of any listed company having net assets worth US$100/share but finds itself persistently trading at US$50/share.
However, unfortunately for ApeDAO, it seems as if discontent has been brewing for some time, given that the community recently shot down a proposal to “professionalise” the DAO:
ApeDAO’s proposal to professionalise. Source: ApeDAO
The Proposal
For the reasons listed above, a proposal has been put forward asking whether the DAO should liquidate all assets. At the time of writing, 64.39 percent of $APED holders were in favour of liquidation, although this was down from 82 percent just yesterday:
Screenshot of the vote. Source: ApeDAO
Assuming the vote is passed as expected, the DAO would need to be liquidated, meaning all of its assets would be sold.
However, since the DAO’s assets are locked up in a multi-sig wallet, requiring four signatures, there is still one major potential roadblock. At present, only one has voted in favour of liquidation. It remains unclear whether the remaining signatories will end up voting in favour of the liquidation and/or release funds by signing the final transaction. As Montana Wong notes:
Even if the liquidation vote passes, there is always the possibility that the multi-sig signers do not proceed with the actions.
Web3 isn't perfect and we still need humans-in-the-loop. Delegation of actions to multi-sigs is one of them.
The lesson in the ApeDAO saga is, however, clear – decentralisation within the context of Web 3.0 appears to be one of degree. In the end, as in this case and in much of the real world, those with power are likely to have the final say, independent of the community’s wishes.
Along with LooksRare’s incredible performance, OpenSea, the world’s leading marketplace, recorded an astonishing US$2.1 billion, more than half of the total trading volume for August 2021, the highest monthly figure recorded thus far.
PhantaBears Hold Out Apes
The trading volume observed on OpenSea has been driven by the new “PhantaBear” collection, which recorded 17,124 ether (US$53 million) in sales over the past seven days. “Bored Ape Yacht Club” took second place, recording 16,658 ether (US$51.5 million).
Other factors contributing to OpenSea’s record include the number of active users on the platform, which currently sits at 260,369 and is fast approaching last month’s all-time high of 362,679 users.
The NFT craze doesn’t seem to be ending and January’s record numbers are testament to that. As all sectors of the industry hit new heights, one particular NFT sector’s performance deserves special mention – NFT games. During Q3 of 2021, NFT games generated approximately US$2.3 billion in revenue and witnessed growth throughout the year.
Exciting developments are also taking place in the e-commerce space as Shopify offers its merchants NFT minting services. The platform recently opened its NFT beta that allows participants to mint and trade their own branded NFTs on its platform.
Justin Bieber Buys a Bored Ape NFT for $1.3 Million
As the craze continues, more and more celebrities are getting on board the NFT train, such as rapper Eminem and tennis ace Serena Williams, with pop star Justin Bieber the latest to check in to the Bored Ape Yacht Club. Bieber is now the proud owner of Ape #3001, which he bought for 500 ether – around US$1.3 million at the time of writing.
Justin Bieber’s Ape #3001. Source: OpenSea
The ape includes a New Punk Blue background which only 12 percent of apes have; a Black T that only three percent of apes share, sad eyes coming in at six percent rarity, dark brown fur at 14 percent rarity, and a bored unshaven mouth shared by 16 percent of apes.
If the NFT space continues to pump out such exhilarating news as it has in recent times, we may well witness another more impressive month ahead. Or, we might even see an NFT bear market coming up, if you believe the words of Gary Vee.
Since LooksRare quickly positioned itself as OpenSea’s biggest rival after launching just three weeks ago, questions have been asked about the platform’s trading figures.
Users have been buying and selling non-fungible tokens (NFTs) between wallets they control in an effort to manipulate daily rewards, a practice known as wash trading.
The launch strategy of @LooksRareNFT was amazing. But something’s fishy in the 7b valuation based on marketplace volume mostly comprised of wash trading https://t.co/qZv428lrzW is perception everything?
LooksRare Generates $8.3 Billion Volume in Three Weeks
NFT analytics firm CryptoSlam has now reported the extent of the practice, noting that LooksRare has generated more than US$8.3 billion since launching on January 9, the vast majority of that volume in wash trading. Although the full extent is yet to be officially confirmed, initial estimates are extraordinarily high:
92% of LooksRare's $9.5 billion in trading is wash trading.
That means they've done $760mm in ACTUAL NFT SALES.
That's more than Rarible, SuperRare, Foundation, Makersplace, KnownOrigin, and Async did combined in ALL OF 2021.
Most of it appears to derive from royalty-free collections, which means sellers don’t have to pay creators a secondary sale fee. Larva Labs’ Meebits tops the wash-trading list with US$4.4 billion, followed by Terraforms (US$2.9 billion), Loot (US$705 million), and CryptoPunks derivative CryptoPhunks (US$251m), with another $US62m attributed to other projects.
Why Users Are Selling NFTs at Vastly Inflated Prices
Users who buy and sell NFTs on the LooksRare site are offered a percentage of the day’s total sales via the site’s own LOOKS token. Those users then game the system by selling NFTs back and forth between their own Ethereum wallets via artificially inflated prices, with the aim of earning more in LOOKS rewards than they’d spend on LooksRare’s 2 percent marketplace fee and the Ethereum network’s own gas fees.
LooksRare also provides Wrapped Ethereum (WETH) rewards for users who stake their LOOKS tokens in the platform, providing further incentive to accumulate and then hold a large number of them. The community reward models set LooksRare apart from OpenSea, but with trading rewards at their highest level during the platform’s first 21 days, some users are clearly abusing the system.
🤝 Join us in welcoming none other than… @warnermusic to The Sandbox! 🎶
Their LAND will be the first of its kind in the #Metaverse which will feature live concerts & music experiences from WMG’s huge roster of musical talent!
According to Sebastien Borget, chief operations officer and co-founder of The Sandbox, the partnership “brings the open metaverse one step forward in the direction of fan-owned and community-driven initiatives”.
We’re shaping The Sandbox as a fun entertainment destination where creators, fans and players can enjoy first-of-a-kind immersive experiences and be more closely connected to their favourite musical artists through non-fungible tokens (NFTs).
Sebastien Borget, chief operations officer and co-founder, The Sandbox
Warners the First Major Music Label in the Metaverse
The unprecedented initiative, which marks Warners’ first foray into the NFT metaverse, will see WMG digital land in The Sandbox host concerts and other live experiences featuring artists represented by the label. The Warners roster includes Ed Sheeran, the Red Hot Chili Peppers, Coldplay, Madonna, Charli XCX, Kylie Minogue and Rita Ora.
The Sandbox will provide some of those artists with another outlet to engage with fans, experiment with virtual entertainment, and generate new revenue streams while reaching a global community.
Sandbox Now Rivals Decentraland
Digital land remains in high demand, and consistent high trading volume in The Sandbox has made it one of the most competitive rivals to Decentraland in the metaverse sphere. According to the company, The Sandbox will hold a LAND sale in March to allow music fans to buy LANDS adjacent to the WMG property.
During a single week in late November, investors purchased more than US$100 million worth of virtual land, the majority of it coming from The Sandbox.
Other Metaverse Musical Projects
In December, another new project called Animal Concerts announced the formation of a virtual touring company to host virtual live music events in the metaverse. Through that project, artists can earn up to 50 percent of revenues from both ticket and NFT sales.
Earlier this month, a new blockchain-based music platform built for creators and investors was announced, intending to address the biggest challenge facing artists in the music industry today: raising capital. Opulous, as it’s called, allows fans to bankroll their favourite artists by harnessing the power of DeFi. They can also benefit from music sales as part copyright owners, thanks to NFTs.
All of which helps goes some way to prove that the world of NFTs is not all about mindless frivolity and outrageous prices.
