Friday, December 02, 2022

The album topped the UK music charts in NFT format.

The album topped the UK music charts in NFT format.

Key Facts:
  • Muse’s album NFT sold for about $24, but they’ve all sold out.

  • Binance CEO Chanpeng Zhao welcomed the status of the band’s album.

British alternative rock band Muse leads the chart for most listened to music albums in the UK, being the first to release an album in the non-fungible token (NFT) format.

According to the list given by Official Charts, which is the company in charge of producing such music charts, the album “public will“By the Museum, released last August, It topped the record for the 100 most popular albums in that country.

The album, which is owned by Warner Records’ record label, Topped the list since Friday, September 2 and continues to be at the top at the end of this article. It is good to clarify that these lists are updated regularly considering the vastness of the music industry.

The CEO of bitcoin exchange and other cryptocurrency Binance, Chanpeng Zhao, took to Twitter to congratulate the band on the status of the NFT album, which is the ninth so far in the group’s musical career and which hit the market on August 26, 2022.

“Not using cryptocurrency is a significant obstacle in the future,” Zhao said in his post.

Will Of The People, Musical Album Nft Of The Band Muse Leads The Popularity List In The United Kingdom
Will of the People, Muse’s NFT album, topped the UK charts. Source: Official chart.

l nft music

As stated in the beginning, the album “the will of the people” of Muse has an NFT format, which is easy to obtain. gross, 1,000 collectible album tokens hit the crypto market since the album was released And each costs an average of £20, or about $24.

The token was offered on Serenade, the NFT music marketplace. But none survived, because they were all sold out, According to what the Marketplace page shows.

As bandleader Matt Bellamy pointed out to Variety, It is “interesting” that there is an NFT format for the museum’s new music production. “It’s a possible way to conceptualize originality in something that can’t be replicated in a digital format,” he said in an interview with that medium.

“If people accept it and believe in it, it’s something that can be good, I think, for younger artists who really have no other way to live, and especially From digital artists,” he said..

The museum’s musical NFT installment isn’t the first. At Cryptonoticious we have reviewed other examples of how this industry has entered the crypto ecosystem.

An example is the American band king of leonas part of their new album when you see yourselfgroup, rock too, Raised USD 2 million from the auction of the NFT Collection, which was offered on the OpenC Marketplace.

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