American rapper Pitbull, aka Mr. Worldwide, has determined to enter the NFT house. The 40-year-old singer has entered right into a multi-year take care of OneOf for an undisclosed amount of cash. For starters, Pitbull will evangalise OneOf and is anticipated to launch his personal NFTs later. The event comes at a time when a number of artists together with Pitbull himself have gathered in Miami, USA, for a OneOf World occasion.
As per a report by CoinDesk, music-focused NFT platform OneOf is attempting to unfold consciousness concerning the house amongst music artists and fanatics.
NFTs are digital collectibles impressed by real-life articles, celebs, and artworks. The ownerships of those beneficial digital collectibles are locked on the blockchain community. A Fidenza digital paintings quantity 938 known as “God Mode” has been declared the primary costliest NFT within the historical past of the trade costing round $8.5 million (roughly Rs. 63 crore) and is owned by rapper Snoop Dogg.
Earlier this 12 months, music trade’s most prestigious awards The Grammys additionally partnered OneOf for a three-year sequence of NFTs.
On the time, the OneOf workforce had stated, “if used to their full potential, NFTs will empower the music trade in a means few different applied sciences ever have.”
In the meantime, a number of different celebrities and artists together with Martha Stewart, Steve Harvey, Sunny Leone, Amitabh Bachchan, and Salman Khan have ventured into the NFT house.
NFT gross sales quantity surged to $10.7 billion (roughly Rs. 79,820 crores) within the third quarter of 2021, up greater than eightfold from the earlier quarter, in keeping with information from market tracker DappRadar.