Recording artist Akon has had a really profitable music profession and has is growing his personal cryptocurrency-based metropolis. Now, he shall be combining his two loves as he plans on releasing his subsequent album as an NFT (non-fungible token).
In an unique interview with Esquire, the Locked Up singer mentioned the significance of the crypto world and the way NFTs will tremendously assist artists of their careers now.
He all the time believed that recording artists “by no means actually acquired their fair proportion of the earnings for the work they produced.”
Believing that proudly owning their artwork digitally, within the type of an NFT, will go a good distance to make sure that the creator of the artwork will profit extra financially for that creation.
Akon additionally explains why he intends on releasing his subsequent album and all future music through the NFT route.
“My subsequent album goes to be an NFT album. With that, I’ll be capable of monetize it from the day it drops on each platform that exists. What which means is that it opens the door to full transparency the place your music is being performed, who’s enjoying it, the place they’re enjoying, and what number of instances it’s performed. Financially, you get the royalty each time somebody shares it, so it is smart to me, and that’s the route I wish to go for all my future music releases.”
Akon could also be one of many first artists to have had an curiosity within the cryptocurrency world. Almost 4 years in the past, he revealed the small print of “Akon Crypto Metropolis” whereas talking on a panel on the Cannes Lions Worldwide Competition of Creativity.
“I believe that blockchain and crypto might be the savior for Africa in some ways as a result of it brings the facility again to the folks and brings the safety again into the forex system and likewise permits the folks to put it to use in methods the place they will advance themselves and never permit authorities to do these issues which can be retaining them down,” Akon mentioned on the Cannes Competition, in accordance with The New York Put up.