The Weeknd Teases Release of NFT Song

Written by on March 26, 2021

The Weeknd

The Weeknd

5 hours in the past Information

The Weeknd has new music on the way in which.

The singer took to Twitter to announce that he plans to drop a brand new music as an NFT (non-fungible token). This might mark The Weeknd’s first foray into the booming world of blockchain know-how that has sparked an funding craze in artwork, leisure, and media.

“new music residing in NFT house. coming quickly…” he tweeted.

NFTs are specialised tokens related to a digital asset that’s auctioned off. It comes with distinctive proof of possession and is designed to present you one thing that may’t be replicated.

Many artists have been releasing NFTs together with Lil Yachty, Tory Lanez, Put up Malone, and Ja Rule. Bhad Bhabie is promoting her “Money Me Outdoors” meme as an NFT, whereas Azealia Banks bought an audio sextape for round $18,000.

Some NFTs are fetching thousands and thousands of {dollars}. Twitter CEO Jack Dorsey auctioned off his tweet from March 2006 for $2.9 million, whereas Tesla CEO Elon Musk turned down a $1 million provide to purchase his tweet as an NFT.

Simply final week, The Weeknd celebrated the 10th anniversary of his debut mixtape Home of Balloons by releasing the unique model to all streaming companies.

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