As a seasoned analyst with a keen eye for emerging trends in the digital space, I find this latest move by Celia Inside on Celosphere particularly intriguing. With my years of experience tracking the evolution of web3 and its associated technologies, it’s clear that music NFTs are quickly becoming a force to reckon with.
Music NFTs by Celia Inside are now available on Celosphere, signifying a notable milestone for the platform.
1,000 Non-Fungible Tokens (NFTs) are being launched and gathered, with each token costing 3 CELO (CELO). Among these NFTs, 500 display the original track, while the remaining 500 highlight a remix version of it.
On Celosphere, these NFTs represent some of the earliest music-related NFTs ever offered, adding historical significance to their debut.
Music Non-Fungible Tokens (NFTs), which function as proof of ownership for particular songs or albums, are becoming increasingly popular within the online world known as web3. These NFTs give artists innovative methods to interact with their audience and sell their work directly, creating a new revenue stream.
These Non-Fungible Tokens (NFTs) can symbolize diverse items ranging from a solitary song to an entire album, providing unique ownership or privileged entry to the purchaser.
During the period from August 19th to the 24th, there was a significant surge of approximately 23.4% in NFT sales, culminating in nearly $100 million worth of transactions. This increase saw nearly 43% more individuals participating as buyers, totaling around 468,822, and over 41% more sellers joining the market at approximately 223,433.
NFT traders are showing a growing interest in blue-chip collections and emerging projects.
Details of the NFT drop
The song titled “iridescent wave: remix party” includes two variations of the track “Show You How.” The initial tune, a lively dance anthem, is accompanied by a remix created by Salti, a Venezuelan-American drag artist who won a remix competition held in June during Pride Month.
Celia Inside is a web3 artist-producer active since 2021 and was selected as a finalist for the Celo Creators Fund by Boys Club. Her blog, “iridescent wave,” highlights women and QPOC artists in the web3 scene.
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2024-08-26 18:36