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- HitPiece is a platform offering authentic music artist NFTs.
- It was auctioning music of artists illegally earlier.
- Now the founder of the platform confirmed that they are not into the fraud business.
HitPiece Coming Up With Authentic Music Artists
Music industry is among the biggest creative sectors across the globe. And with the increasing use cases of Non-Fungible Tokens, artists in this space are feverishly rushing to offer unique experiences to their fans. In recent news, a music nft platform HitPiece announced that they are re-launching themselves, this time with the authentic artists listed as creators.
Recently, GALA Film made an announcement that they will join forces with Stick Feature Productions, where as a part of deal, Snoop Dogg will narrate his tracks through Gala Music.
Earlier this year, HitPiece was claimed to be selling the music albums of famous artists ranging from the legendary band The Beatles to Taylor Swift. The artists got upset as soon as they became aware of the fact that some unknown entity to them is selling their works unauthentically without using their permission. This led to the uproar against the platform.
Things Have Taken Turn it Seems
It appears that the platform has learned their lesson and now is off towards a fresh start. This time legitimately. The founder of the platform said that they have learned their lesson from the past, and are re-launching themselves with authentic musicians. If users visit the HitPiece website, they can see artists like King Midas, Uffy, Lil Gotit and more as the listed artists on the platform.
The founder of the platform said that they are not into illicit business now. He also said that they are looking forward to working with authentic record labels. They are in talks with some of them currently.
In other news, MetaSing, another music NFT platform, raised 3 million USD in funding. As per the team information of the platform, ex-employees from prominent organizations like Meta, Spotify, Twitch are involved in the development of the platform.
The platform also features its own tokens BEAT and DJC. The holders of the MetaSing NFT on this platform can earn rewards by activities like singing, listening and creating the music.
Music is becoming a vital element of the NFT sector as it is among the most admired sectors. There are hardly any individuals on this earth who do not like any kind of music. And while both the NFT and Music sector hold great potential, a blend of both these spaces can create something wonderful for the stakeholders in the industry.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
