What Is NFT & How Are Rappers Such As Post Malone, Lil Yachty, Azealia Banks - Even The Late MF DOOM - Cashing In?
Non-fungible tokens (NFT’s) are the latest cryptocurrency craze to explode within the music industry. Since they’re related to standard cryptocurrency, NFT’s are like collectible sports cards — and essentially serve as a digital certificate of authenticity for “an object, real or virtual,” a tech expert recently penned in the L.A. Times. In theory, an artist can utilize a NFT to create a virtual concert experience or use it as a collectible token that gives its owners access to a virtual or physical performance of the same kind. Welcome to the future. The possibilities for creat...
Source: hiphopdx.com