The music world is now clearly exploring and exploiting NFTs, with the most recent being Muse, or rather frontman Matt Bellamy.
The NFT of Muse’s frontman
In the case of Matt Bellamy, the Cryptograph platform has announced that the Muse frontman has released a version of Guiding Light recorded with Jeff Buckley’s guitar and immortalized by artists Liam Mannier and Perry Cooper.
The artwork in NFT format will be auctioned off on 16 July at 12 AM EST on Cryptograph. Proceeds will go to Passage Charity to help the homeless.
This is not Muse’s first crypto and blockchain collaboration. In September, they launched a collaboration with the famous CryptoKitties.
Gué Pequeno among creators of Binance
Italian rapper Gué Pequeno is one of the 100 creators of Binance, which launched its NFT marketplace on 24 June.
His project is called Hard2Kill and is inspired by the 8bit video games of the 1980s.
The Rolling Stones and other music stars who have chosen NFTs
Music seems to be going hand in hand with NFTs. Many stars are experimenting with this system to market their unique blockchain-based products.
For example, Mick Jagger‘s latest song, Eazy Sleazy, with Dave Grohl, became an NFT that sold for $50,000 on Nifty.
Katy Perry has also launched her own line of NFTs that have nothing to do with music. Her non-fungible tokens focus on celebrating her Las Vegas home.
But the real pioneers were Kings of Leon, the first to release an NFT album.
Then there are the cases that went wrong, like the one involving Jay-Z. The NFT sale of his 1996 debut album Reasonable Doubt ended up in court because partner Damon Dash was not authorized. The case is curious because there is limited case law on the subject.
Therefore, the whole case should be watched closely to see what impact it will have on the music industry, which has found NFTs to be the new frontier of innovation.