Bob Dylan NFTs will be released soon. Snowcrash, a startup focused on the Solana blockchain, has announced that Sony Music and Universal Music Group will be a part of its upcoming platform, which later this year is planning Bob Dylan and Miles Davis NFT drops.
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Bob Dylan NFT by Universal & Sony in conjunction with Snowcrash
Image Credit: MusicBusinessWorldwide[/caption]
What They Are
NFTs are unique tokens that exist on a blockchain like Ethereum or Solana. The music industry has taken a strong interest in NFTs as a way to further monetize artists and content. With musicians like Dolly Parton, Steve Aoki, Kings of Leon, and 3lau cultivating NFT-focused brands.
Sony Music is planning to work with Snowcrash to “develop a range of opportunities for our recording artists. This is with a focus on delivering accessible, user-friendly experiences for both creators and fans,” Dennis Kooker, Sony’s president of global digital business, said in a statement. If the name ‘Snowcrash’ sounds familiar, that’s because Snow Crash is the name of the influential 1992 science fiction novel, by author Neal Stephenson, who coined the now widely-used web3 term ‘metaverse’.
Bob Dylan NFT Goals
According to Snowcrash’s website, the platform believes that “Web 3.0 will push machines to the center and humans to the edge (now we have humans at the center and machines at the edge)”.
It adds: “This reversal implies the construction of a digital twin of the natural world (from 1 to 1′). Turning atoms into bits has now become possible because of NFTs and DeFi as the crypto-economy of the Metaverse.”
Michael Nash, Universal Music’s EVP of Digital Strategy, echoed Kooker’s belief that Snowcrash will provide artists with new opportunities.
Sony and Universal joining Snowcrash is just the latest example of big labels diving into NFTs and Web3. Warner Music Group recently announced a partnership with blockchain gaming company Splinterlands, citing a desire to get its musicians into play-to-earn games.
Creator(s): Sony Music and Universal Music Group
Blockchain: Solana
Marketplace: Snowcrash