WilsonBlock1000 Radio

Tory Lanez Launches New Content Through Blockchain

Posted by on

The last few weeks and months have seen the rise of yet another concept related to blockchain and cryptocurrencies – NFTs, or non-fungible tokens. Put simply, these tokens work as proof of ownership for various things, from virtual collectibles in video games, to actual pieces of art, to songs and videos. Non-fungible means that every token is unique and cannot be interchanged with another, which is not the case for fiat money – a $20 note has the same value as four $5 notes, but every NFT is unique. Some content pieces have already been sold for extremely high valuations through NFTs, and many artists are turning to them to provide a direct source of income as well as to stay connected with their most loyal fans. NFTs use blockchain to work, and so again we can see the influence of the cryptosystem beginning to work on our everyday lives. Thus, it should come as no surprise that yet another musician, in this case Tory Lanez, is going to put music and other content out via NFTs in the near future.

The Canadian musician has partnered with the blockchain company Bondly.Finance to do so, where he has released three songs as distinct NFTs. This was done as a precursor to his album, Playboy, launching later in the month. Lanez said that this album is the biggest of his career, so he wanted to make sure that his release strategy was correct and got him the most eyeballs. The NFT would give 450 fans the chance to get three tracks from the album before anybody else, while also giving them the opportunity to meet Lanez virtually. Two of the three songs are from Playboy, while the third is from his upcoming 1980s-themed album. This partnership with Bondly.Finance is expected to continue in the future as well, with further exclusive track releases, as well as unreleased music being put out through NFTs.

This is yet another exciting development in the continued growth of the crypto industry, where NFTs are helping blockchain technology become mainstream. We have already seen how this has had an impact in other sectors on a global level, most notably in the online gambling sector. Various online casino operators, especially in countries like Canada which have been very encouraging towards crypto and blockchain, have been using these innovations in their games. For example, players using a Canadian online Bitcoin casino will be able to place bets through cryptocurrencies, while the games themselves will be supported on blockchain networks, making them quicker, more reliable and safer to play. These games have been received extremely favourably by gambling fans, and are a great example of how crypto and blockchain can be used online to improve customer experiences.

The use of NFTs is another step in this direction, and there are a number of other artists taking advantage of this as well. The use of NFTs could be extremely helpful for smaller, independent musicians and artists, as they would allow them to earn revenue directly through the sale of each token, which would bring them more money than streaming services do at present. It is of course beneficial for bigger artists as well, but the use of NFTs, as well as the wider use of blockchain in the content creation space, to prevent piracy and allow fans to directly contribute to the artists they prefer, could be a gamechanger for the way the music industry, in particular, operates. NFTs have various other applications, most obviously in video games where they are being used as proof of ownership of in-game collectibles and upgrades, and there are many other areas where they can be used as well, so we can expect to see them being mentioned frequently in the months and years to come.

The post Tory Lanez Launches New Content Through Blockchain first appeared on UndergroundHipHopBlog.

source https://undergroundhiphopblog.com/news/tory-lanez-launches-new-content-through-blockchain/
Offical Podcast of Mistah Wilson

Comments

Post a Comment

Local Music Scenes

Music Scenes

Adelaide Music Scene African Music Scene Akron Music Scene Alabama Music Scene Alaska Music Scene Albany Music Scene Anchorage Music Scene Arizona Music Scene Arkansas Music Scene Atlanta Music Scene
Australian Music Scene Bakersfield Music Scene Baltimore Music Scene Beverly Hills Music Scene Boston Music Scene Brampton Music Scene Bronx Music Scene Brooklyn Music Scene Buffalo Music Scene California Music Scene Canadian Music Scene Charlotte Music Scene Chicago Music Scene Chicago drill music scene Cincinnati Music Scene Cleveland Music Scene Cologne Music Scene Colombian Music Scene Colorado Music Scene Compton Music Scene Connecticut Music Scene Dallas Music Scene Daytona Beach Music Scene Denver Music Scene Detroit Music Scene Durham Music Scene Finland Music Scene Finnish Music Scene Florida Music Scene Georgia Music Scene Germany Music Scene Ghana Music Scene Greece Music Scene Greensboro Music Scene Hawaii Music Scene Hiram Music Scene Honolulu Music Scene Houston Music Scene Illinois Music Scene Inglewood Music Scene Iowa Music Scene Ireland Music Scene Jackson Music Scene Johannesburg Music Scene Kansas City Music Scene Kansas Music Scene Kentucky Music Scene La Habra Music Scene Las Vegas Music Scene Lexington Music Scene London Music Scene Long Beach Music Scene Long Island Music Scene Los Angeles Music Scene Louisiana Music Scene Louisville Music Scene Maine Music Scene Marion Music Scene Maryland Music Scene Massachusetts Music Scene Melbourne Music Scene Miami Music Scene Michigan Music Scene Milwaukee Music Scene Minneapolis Music Scene Mississippi Music Scene Missouri Music Scene Munich Music Scene Nashville Music Scene Nevada Music Scene New Jersey Music Scene New Mexico Music Scene New Orleans Music Scene New York State Music Scene Nigeria Music Scene NorCal Music Scene North Carolina Music Scene Oakland Music Scene Ohio Music Scene Oklahoma Music Scene Ontario Music Scene Oregon Music Scene Oxnard Music Scene Pennsylvania Music Scene Philadelphia Music Scene Phoenix Music Scene Portland Music Scene Rhode Island Music Scene Rochester Music Scene Sacramento Music Scene Salt Lake City Music Scene San Antonio Music Scene San Bernardino Music Scene San Diego Music Scene San Francisco Music Scene Seattle Music Scene South Africa Music Scene South Carolina Music Scene St. Louis Music Scene Tennessee Music Scene Texas Music Scene Tokyo Music Scene Tulsa Music Scene Utah Music Scene Vallejo Music Scene Vancouver Music Scene Virginia Music Scene Waco Music Scene Wisconsin Music Scene Wyoming Music Scene altadena music scene american music scene local music scene music scene new york music scene northwest music scene pasadena music scene seattle music scene toronto music scene
Show more