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Apr 20, 2022
by Usha Yadav
Pitbull on Investing in Music NFTs
Armando Christian Perez, commonly known as Pitbull, shares his interest in the NFT industry on today's broadcast with CNBC Crypto World. Plus, Justin Blau, DJ and Royal CEO, talks about how fractionalized ownership works for music fans.
The American artist has opted to enter the NFT market. For an undisclosed sum, the 40-year-old artist has signed a multi-year contract with OneOf. Pitbull will evangelize OneOf first, with plans to create his own NFTs later. The news comes as several artists, including Pitbull, have assembled in Miami, Florida, for a OneOf World concert.
NFTs are one-of-a-kind assets that are stored and traded on a blockchain. They are unchangeable, limited, and publicly verifiable. Artists in the music industry can sell restricted digital content to their followers who pay with cryptocurrency. You can now create any non-counterfeit able music content.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.