Crypto.com announces NFT platform with exclusive content from mainstream artists | CryptoSlate

CryptoSlate

Crypto.com is launching a non-fungible token platform called Crypto NFT, where artists, musicians, and athletes can promote exclusive content for their fans.

Crypto NFT will be launching on March 2th6, and it is currently working with mainstream and digital artists such as Snoop Dogg, Boy George, Lionel Richie, Nathan Evans, Bag Raiders, and others.

How To Get Free Crypto  

Artists joining the NFT craze

Crypto NFT will allow anyone to acquire, trade, and sell NFTs directly through the platform without being a Crypto.com user. Besides credit and debit cards, the platform will accept crypto payments using up to 20 currencies, including Bitcoin, Ethereum, and Dogecoin.

Joe Conyers III, Chief Strategy Officer at Downtown Music Holdings, will be leading the project as the Global Head of NFTs. Referencing the launch, Conyers stated:

“I am thrilled to work with remarkable talent around the world and partner with them to shape the future of this new creative medium. We are looking forward to being a thoughtful curator and innovator, connecting fans and collectors with amazing content creators. We will be looking out for creators and curators with bold vision who are working to push the boundaries of the medium and bring more collectors into the space.”

NFTs hitting the mainstream

The craze for NFTs even reached the mainstream with The TIME Magazine launching three NFTs limited edition covers on March 22, auctioned on SuperRare, a digital art marketplace.

These marketplaces are providing emerging artists with more lucrative opportunities from a royalties perspective. For instance, many musicians have complained about how platforms like Spotify take a big cut for their revenues, making their earnings considerably small.

Coinbase Banner  

Some experts in the music industry argue that crypto art could potentially shift the power structure of many companies, like record labels, by providing artists with independence and a direct connection to their fans. American DJ Steve Aoki’s manager, Matt Colon remarked on the development of NFTs:

“NFTs are built on decentralization, connecting fans directly with creators. The current systems in place are opaque and antiquated. NFTs cut out the middleman,”

With more DeFi platforms developing a space for NFTs, now artists could consider offering their work in these marketplaces instead of relying on record labels to do it for them. Some crypto-users even argue how these companies will have to adapt to emergent technology, similar to DeFi and traditional financial institutions.

Disclaimer: Crypto.com is an advertising partner of CryptoSlate.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

Real-time charts

Price snapshots

More context

Join now for $19/month Explore all benefits

Posted In: Culture, NFTs

Like what you see? Subscribe for updates.

Go to Source
Author: José Oramas


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.