Grammy Award-winning singer and songwriter The Weeknd has introduced that it will likely be launching its first non-fungible token (NFT) drop. NFT is principally a digital token much like cryptocurrencies like Bitcoin which is tied to artworks or songs. Nonetheless, this doesn’t imply that the individual shopping for a tune via NFT, can personal the mental or artistic rights to the music as properly, because it stays with the artist. – – This 10-Second Video Clip Has Been Bought For a Whopping Rs 48.4 Crore, What’s Particular About It?

The Weeknd introduced that the gathering will characteristic new music and restricted version artwork developed by The Weeknd and media manufacturing firm Unusual Loop Studios. The drop will happen on Saturday and shall be hosted via the NFT market Nifty Gateway. The sale is about to begin at 2 PM EST. – – The Weeknd Performs Dwell At Tremendous Bowl Halftime Present, Followers Share His Then-And-Now Photographs

Excited to announce that my first NFT drop is going down on Saturday at 2:00 pm EST on @niftygateway. The assortment will characteristic new music and restricted version artwork. I developed the paintings with Unusual Loop Studios pic.twitter.com/627BO4JekK – – Selena Gomez and The Weeknd Break Up: See Photographs of Lovely Couple From Their 10-month Relationship

— The Weeknd (@theweeknd) March 31, 2021

As per a report in TechCrunch, there shall be a flash sale of three completely different items of artwork which shall be obtainable in limitless portions, albeit for a restricted period of time. There can even be a 24-hour unique public sale of a one-of-a-kind piece — accompanied by the tune, in-full and unfiltered. To date, the highest-grossing NFT got here within the type of paintings created by Beeple. The assortment of 5,000 items have been offered for $69 million.

This announcement by The Weeknd’s comes after the latest Home Of Balloons debut mixtape album arrived on streaming platforms in its unique type on March 21.