Coinbase CEO Brian Armstrong has huge issues up his sleeve for the subsequent week: There’s the much-awaiting public listing of Coinbase on April 14, and there’s his first set of non-fungible tokens (NFTs).
“Over the subsequent few days, I’ll be releasing some digital music that I created with DJ DAVI (David Khanjian). We’ll be releasing them as NFTs,” mentioned Armstrong in a tweet this morning.
1/ Over the subsequent few days I will be releasing some digital music that I created with DJ DAVI (David Khanjian). We’ll be releasing them as NFTs.
— Brian Armstrong (@brian_armstrong) April 7, 2021
He said his inspiration for the tracks got here again from his days of coding up early variations of Coinbase and listening to DJ DAVI’s music. “I listened to a whole lot of digital music with no vocals as I used to be coding up the early variations of Coinbase, and at all times loved David’s music,” Armstrong mentioned.
NFTs are blockchain-based representations of tangible or non-tangible objects that show their holder is the true proprietor of regardless of the underlying represented asset is. The latter popularly consists of crypto artwork and digital collectibles however can vary from land, to digital land, to absolutely anything.
One of many first music NFTs
Most NFTs which might be sold these days are digital art from varied artists, however music makers are quickly catching up. And with the sub-sector being the fad today, it’s unsurprising to see Armstrong launch the tracks as NFTs as a substitute of standard media recordsdata.
“We created these songs over the previous yr as a enjoyable approach for me to study Ableton Reside and so forth. To be clear – 99% of the expertise comes from him, nevertheless it was enjoyable for me to work on them nonetheless,” he mentioned.
DJ DAVI is hailed as “LA’s best-kept secret” who makes a speciality of digital/chill music and DJs at evening golf equipment within the metropolis. He enjoys a robust fan-following, and the NFT launch with Armstrong could be his first, and all proceeds from the sale of the NFTs will go to DJ DAVI.
In the meantime, Armstrong didn’t share many particulars in regards to the launch however mentioned one of many songs could be technology-themed. “The theme of one of many songs is about constructing nice stuff with expertise, and by no means giving up,” he tweeted.
5/ All proceeds from the sale of the NFTs goes to David. The theme of one of many songs is about constructing nice stuff with expertise, and by no means giving up https://t.co/vsMKxwU10J
— Brian Armstrong (@brian_armstrong) April 7, 2021
The three songs will go reside as NFTs on Zora—a Coinbase Ventures portfolio firm—within the ‘subsequent few days.’
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