The American rock band Kings of Leon has announced their next album “When You See Yourself” will be NFT-based, with tokenized tickets. This makes them the first rock band to release an NFTs album with underlying blockchain technology.
The album, besides launching on traditional music platforms like Spotify, will be released on YellowHeart, a blockchain-based ticketing platform.
The group is also offering fans unique products by launching “NFT Yourself”, a series of special items integrated into the album, including:
- Tokenized tickets, which the band calls “Golden Tickets” for the chance to win a front-row seat for life, during all of the band’s tours.
- Exclusive audiovisual materials.
- Live show perks.
NFTs Being Sold for Thousands of Dollars
The band isn’t the only one rushing in to become part of the massive sales of the NFTs industry —a few days ago, the musician 3LAU recently sold his NFT album for US$11 million using the Ethereum blockchain.
It might not be a surprise that more artists are jumping in on the digital art NFTs trend, as they become a valuable representation of unique items, such as crypto-collectible, or crypto gems, which are computer-made representations of gems being sold in online DeFi marketplaces.
NFTs Industry Booming with Big Profits
These representations are currently being sold for thousands of dollars on several markets. Even a Canadian investor paid $20,000 for CryptoPunks, computer-made avatars.
The NFTs industry made over US$100 Million alone last month, and it is growing at a fast speed as collectors are paying large sums of money for crypto-collectibles and other kinds of unique items.
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