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First-ever non-fungible token-based rock album is out

Updated: March 08, 2021 15:11 IST Non-fungible tokens, a type of crypto-asset, is becoming popular as several investors and enthusiasts are showing eagerness in spending large sums of money on items that only exist digitally Share Article AAA The album s version with special perks will only be available on YellowHeart.   | Photo Credit: Reuters Non-fungible tokens, a type of crypto-asset, is becoming popular as several investors and enthusiasts are showing eagerness in spending large sums of money on items that only exist digitally (Subscribe to our Today s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) American rock band Kings of Leon released a music album last week as a non-fungible token (NFT), making it the first-ever band to distribute digitised art,

Caleb Followill wrote new Kings of Leon track while recovering from onstage breakdown

Caleb Followill wrote new Kings of Leon track while recovering from onstage breakdown
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The NFT Music Boom - Hypebot

The NFT Music Boom Art and music are in the misdt of yet another period of disruption, as NFTs (Non-Fungible Tokens) make their debut, and the blockchain continues to engender innovation in the ownership and transaction of music, as well as redefining the relationship between artists and fans. Guest post by We are living in a historic time of transformation.The art and music world is changing before our eyes thanks to the potential of NFTs and social tokens. It’s a massive boom that is paving new roads and rewriting the rules. The blockchain is proving to be a truly disruptive and innovative way to track payments, ownership, royalties, and the relationship between artist and fan.

TOP POSTS: Last week s most read posts on Hypebot

Hypebot & MusicThinkTank With the internet and digital technologies driving rapid change within the music industry, articles about new releases and who has been hired and fired are no longer enough. Our up to the minute industry news alongside insightful commentary helps our readers sift through the rumors and developments to find the information they need to keep their businesses moving forward. Hypebot is read daily by more than 30,000 music industry professionals including executives and senior staff of music related tech firms, internet based music sites, every major label group and most indies as well as many managers, artists and members of the live music community:

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