NFT Music, knocking on the door of a new world of music

From a theoretical point of view, digital entertainment is entering a new phase of development: the realities of reality and virtual reality.

Universal Music Records announced today that it has formed the "Metaverse Group" to create a virtual band using Crypto technology, consisting of four characters from the Bored Ape Yacht Club NFT series.

The Kingship band features characters from NFT, owned by the famous Jimmy. "j1mmy" McNelis recently sold the Bored Ape Yacht NFT at Sotheby's for $3.4 million. Universal Music's "The Next Generation of Iconic Bands" airs the same day at 10:22 p.m.

As the online metaverse grows and evolves, the label will create music for the "theater" group in the environment of cinema and the virtual world. Universal Music will also release NFT as a group as a standalone event, giving priority to existing Bored Ape Yacht Club NFT holders.

NFTs have been around since 2017 and form the basis of crypto products such as CryptoKitties. Last year, with the global spread, NFT entered a period of rapid growth.

Solving the stickiness problem, while music works as smoothly as ever, NFTs have the same tools that can provide true digital stickiness.

With the rise of NFT, more and more musicians got into the experience, and by releasing NTF digital albums or NFT industry music, they gained new releases and revenue.

DJ 3LAU, who was once on the list of Top 100 Global DJs, also launched the first NFT music on the Nifty Gateway platform. Our Lau's song 'Everything' was $999 per NFT in the open air, and 175 songs were sold in 9 minutes, for a total of $174,800.

Buyers will receive NFT graphics, NFT music and real music, and authors can scan to listen to music.

Last year, famous musician deadmau5 released a limited edition NFT compilation on the WAX ​​blockchain. The mix of NFT and the music industry seems to be the difference.

The deadmau5 music release will be the debut and demonstration of NFT in the music industry, and this data suggests that more musicians will be involved in the field of NFT in the future, and music and NFT will integrate more and more deeply.

NFT music design has not only attracted many famous musicians, but many new projects have been created one after another, giving time to the NFT industry. In the future, with the two major developments of sports and entertainment, it can be predicted that music will also be an important factor in the development of NFT.