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- DJ artist Justin Blau has announced his recent blockchain powered NFT’S single “Everything”.
- NFT’S are tokens that provide digital ownership and scarcity.
- NFT’S can be traded across other crypto platforms even in third party marketplaces.
- 3LAU says that he would prefer these digital collectibles over contracts on organizing concerts and live performances.
- Blau suggests budding artists to make use of this technology to gain popularity and earn money.
DJ Justin Blau aka 3LAU has announced his recent NFT single “Everything”. This album is set to release on 22nd of January 2021. These singles are released on the NFT Gateway website as mentioned by 3LAU. These digital collectibles would provide access to various concerts and performances of 3LAU and this will be done through blockchain technology.
WHAT ARE NFT’S ?
NFT’S are basically non fungible tokens which provide a digital ownership identity and transparency. These can be used to interoperate between crypto currencies as per the customer’s choice and requirements. Generally these NFT’S are acquired in the form of digital assets. For example, in games the luxury of having own skins or weapons relates to it. These can be traded without any permissions from the provider in third party marketplaces. Digital collectibles are connected with crypto currency because they decentralize the importance of mediators. Blockchain technology also plays a major role in the trading of these digital collectibles if the customer wishes to.The standard for NFT coins is mentioned by ERC-721 and the most recent standard is that of ERC 1151.
3LAU’S INTEREST TOWARDS NFT’S
Justin Blau in a podcast mentioned that he preferred digital collectibles being given rather than organizing Fests and concerts with the help of contracts. He felt that people who organized them would have a benefit instead of the artist and the public. So he said that he decided to switch over crypto and particularly NFT tokens which would rather make him more feasible to the public. With the help of these NFT’S, the public can unleash the luxury of having access to all the work of the artist with any mediators. He also advised economically backward artists to opt for this method in order to gain more popularity and automatically more money.
DJ Justin Blau aka 3LAU has announced his recent NFT single “Everything”. This album is set to release on 22nd of January 2021. These singles are released on the NFT Gateway website as mentioned by 3LAU. These digital collectibles would provide access to various concerts and performances of 3LAU and this will be done through blockchain technology.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
