Deadmau5 and Portugal. The Man will release new single in NFT format and sell units at Art Basel festival in Miami.

The artists will opt for this new modality to commercialize their new song, with which they seek greater visibility and adoption of the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. dentro de la industria musical.

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Deadmau5, uno de los DJ’s most reputed within the ecosystem of electronic music, hand in hand with the bandPortugal. The Manare commercializing their new musical production throughNFT’s.

As such, the artists in question will proceed to market an area or arena, online or offline, in which commercial dealings are conducted. their single “This is fine“through a millionNFT, which are available through the platform a place to buy, sell and store cryptocurrencyMintbase.This service works over the network a network refers to all nodes in the operation of a blockchain at any given moment in time.Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. de Near, one of the platforms frequently used by artists to mint their digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles.

NFT’s to be sold at the festivalArt Basel de Miami

One of the most interesting aspects about theNFT coined by Deadmau5 y Portugal. The Man is that a quarter of the collectibles will be sold during the festival.Art Basel, which is held in the city of Miami.

This was confirmed by a spokesman, who said that a total of 250,000 will be sold.NFT during the festival, which will be available for $1.29 per unit.

Even the mayor of the city of Miami, Francis Suarez, echoed the news and shared the good news with all his followers through his official account an account is essentially a whose purpose is to track the financial activities of a specific asset/ on his Twitter account.Twitter,noneNFT by means ofMintbase.

We are excited to welcome @deadmau5 @portugaltheman to Miami for #ArtBasel and the exciting launch of their “platinum” #NFT music project on @Mintbase with @nearprotocol

— Mayor Francis Suarez (@FrancisSuarez) December 2, 2021

Changes in the music industry model

As such, the music industry is one of the industries that has been changing the most over the last 30 years, since from a superficial perspective it has gone from the sale of CD’s to the commercialization of albums and pieces through platforms such asApple Music oSpotify, which implies a change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. in the models looking for better and better conditions for the artists.

The arrival and rise of theNFT would be marking an interesting change in the paradigm of the music world, since under this modality, concert tickets, tickets for private broadcasts and even albums / musical pieces have been commercialized, all through digital collectibles based inBlockchain.

TantoDeadmau5 comoPortugal. The Man have some experience in the field ofBlockchain and theNFT. In this regard, the famed DJ said in a statement sent to the team ofCoinDesk:

• Defiance launches first NFT-linked ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. tracking companies in the sector
• Snoop Dogg releases NFT “Decentral Eyes Dogg” and auction an auction is a public sale through a bidding process where an asset is sold to the highest bidder. price already exceeds USD $770.000
• Huge Italian luxury yacht for sale in cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. or NFT

Source:CoinDesk,Twitter

Version by Angel Di Matteo /DiarioBitcoin

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