2021 is the first year of NFT. With the explosion of the NFT market, it has brought an unprecedented linkage between encryption technology, the encrypted financial market and artists. More and more artists have joined the creation of NFT. including musicians. Music NFT, as a low-key track last year, music creators use the NFT platform to directly connect with music fans, and establish a closer relationship in the process of creating value and acquiring value.
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The road out of the circle of music NFT
Turning the time back to February 2021, the British record company Lucky Me and Foundation cooperated to hold a special auction to auction musician Jacques Greene's new single "Promise" in the form of NFT, before the auction Readers can hear the first 6 seconds of the whole song, and this work was finally sold for 13 ETH. After this auction, the entire music industry began to boil. People saw the creativity of NFT in future music, and began to look forward to what kind of chemical reaction the collision of NFT and music would bring.
The rapid emergence of NFT has allowed musicians who were unable to hold concerts due to the new crown epidemic to see new ways of activities, and even let unknown independent musicians find a new way of survival to maintain their own lives. Musician Justin Blau (3LAU) raised $11.7 million through the Ultraviolet NFT album auction, and Canadian female singer Grimes sold the music NFT album of "WarNymph Collection, Vol. 1" for $5.8 million through Nifty Gateway. British group Disclosure sold their NFT music single "The Face" for $140,000.
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Summit AscendEX: Witness the birth of explosive models and empower them
At present, music NFT is another cutting-edge content field after art illustration NFT and collectible NFT. The global music market is constantly expanding into new fields and expanding the boundaries of this industry. Compared with other technologies such as Metaverse, music NFT, which contains underlying logic such as blockchain technology and digital economy, is undoubtedly closer to people. This visual and palpable form of digital collection has made music NFT popular in a short period of time.
The emergence of a breakthrough point, like the butterfly effect, caused shocks in the industry. Some high-quality music NFT projects began to show their prominence and gained a firm foothold in the industry. Summit AscendEX has always had a far-reaching vision for the selection of high-quality projects, and never misses projects with potential. For the music NFT track that is gradually making waves in the encrypted world, AscendEX has maintained close attention and cooperated closely with the best of them.
Animal Concerts (ANML) is the latest metaverse music project launched by AscendEX, dedicated to creating a cross-age entertainment experience. Animal Concerts focuses on the experience of time and space and metaverse concerts, and can launch NFTs for music artists. These NFTs include album NFTs, lyrics NFTs, NFT concert tickets, etc.
In the metaverse created by Animal concerts, music fans can purchase various digital assets. This change caters to the consumption habits of contemporary people who are willing to spend money to purchase digital assets. In the Animal concerts ecosystem, you can easily buy concert T-shirts of your favorite singers, and wear these clothes in your favorite Metaverse games.
Animal concerts plans to bring popular artists and their fans together on their platform and create new experiences for them. The concert in this world will be an immersive show, allowing fans to stand on stage with their favorite bands in the comfort of their own living room.
Currently, Animal Concerts has held concerts for Busta Rhymes, Future, Alicia Keys, Meek Mill, Diplo and Gunna. Animal Concerts also co-owns the rights to the new hit single "A Hard Working Man" featuring rappers Snoop Dogg and Billy Ray Cyrus.
Token||Traxx is a comprehensive music platform first launched on AscendEX. Its goal is to create, curate and collect music through NFT, so as to realize the true freedom of music creation. The platform can easily mint the artist's songs, albums and merchandise into NFT, thus technically changing the way fans interact with artists.
With its slogan: "own your sound", Token||Traxx encourages people to find, create and share emerging musical compositions. This method will bring more independent music authors the opportunity to showcase their talents, and the NFT auction of Token||Traxx can be held around specific performance locations.
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The changes brought about by NFT are not only the technological evolution brought about by blockchain technology, but also the driving force for the world to move towards Web 3.0. 2022 is a critical year for the accelerated development of music NFT, and more and more music NFT projects are accumulating strength. As the influence of NFT is growing and digital collections are recognized by more and more audiences and investors, music NFT as a public domain will surely gain wider attention. Summit AscendEX will also continue to empower this sector and contribute its own strength to the development of its ecology.
