Music streaming platform Rocki has announced its first NFT sale as it prepares for beta launch.
The lucky winner is “westcoastbill” – a user who appears to have sniped Tyler Winklevoss by $50 at the last minute.
The token was listed on social money platform Fyooz, where buyers, most likely fans of the rapper, bought $YACHTY for $15 each.
A blockchain-based streaming site is betting tokens can win over artists and fans.
Audius, a streaming service built on Ethereum, has raised $3.1 million from Multicoin Capital, Blockchange Ventures, Pantera Capital and Coinbase Ventures.
The driving firm behind the K-pop movement, SM Entertainment, said it's planning to launch a cryptocurrency focused on engaging fans with artists.
Award-winning rapper Mims is to talk about his new artist-focused blockchain project, and perform, at a crypto event this month.
A newly funded startup called Blokur aims to use the ethereum blockchain to better manage rights within the music industry.
British singer and songwriter Imogen Heap has discussed how blockchain technology could help empower musicians.
The decentralized, open-source nature of the blockchain ledger could dramatically shift a number of paradigms in the music industry.