Popact The Chainsmokers has released an NFT, offering fans some of the streaming royalties from their new album, So Far So Good. Bloomberg wrote on Thursday (May 12th).
There are 5,000 NFTs, which will be distributed free of charge on May 17th.
According to the report, owners will receive 1% of royalties in bulk from the album.
There is a VIP list that allegedly consists of people who buy concert tickets frequently and super fans who have early access.
Another benefit includes priority access to concert tickets and free merchandise.
One band member, Drew Taggert, said the point was to help the band reunite with their fans.
According to the report, “We were very fortunate to have achieved global success, but at some point we felt really separated from our fan base,” Taggart said.
The band’s new album will be the first album in more than two years.
NFTs face several issues, including cryptocurrencies as well as routs that punish NFTs, and prices are falling in many collections, including the popular Bored ApeYacht Club.
The Chainsmokers NFT is based on the Polygon blockchain, which offers real benefits to fans and can be separated from the pack, so it can be different.
reference: Hype may be shrinking, but NFT use, buyers are growing
NFTs were previously in flux, but a report from Coindesk earlier this year argued that reports of flat sales of NFTs lacked a greater tendency for NFTs to be very strong. increase.
According to the report, the volume of transactions has skyrocketed, but the number of buyers and sellers has only continued to grow.
OpenSea in the NFT market is increasing the number of active collections every week. That is, the collection that made the transaction during that period.
This is important due to the number of possible uses of NFTs that are excellent media such as songs and stocks.
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