The CEO of the new NFT platform says that it won’t need users to possess a crypto wallet, and can order simple access for a thought audience.
American singer-songwriter John Legend is set his position among the ranks of celebrities flocking to the globe of nonfungible tokens (NFTs), serving to to launch a brand new NFT platform for musicians and different entertainers.
The platform known as OurSong permits artists to tokenize and sell their work, subsidization patrons with privileges like access to suppressed music and personal chatrooms.
"Everyone will currently flip stories, music, photography, and any reasonably art into NFT mercantilism cards known as Vibes," the platform states. "Vibes permit you to unlock exclusive updates and access personal chat communities wherever you'll be able to meet like others."
Legend can act as Chief Impact Officer, tasked with attracting energetic artists and their fan bases.
In an interview with Bloomberg, Legend said that though he spends most of his motivation thinking about music, he hopes the platform can help to connect people.
“When I think about what I want to do, I try to get involved with projects that I think will make the world more connected.”
Well known names hooked up to the project, together with the beginner of digital music streaming service KKBOX, Chris Lin, WHO can function the new company’s CEO. beginner of the live video streaming platform Twitch, Kevin Lin, and founding father of early-stage risk capital firm angelical Ventures, Matt Cheng, will be joining the team.
According to Maya Lin, the platform won’t need users to possess a crypto notecase. in keeping with the Terms of Service you'll be able to solely purchase Vibes with OurSongDollars (OSD). "You will deposit OSD in OurSong by buying it with credit card, debit card, wire payment, or USD Coin deposited in your notecase on Circle's blockchain," it states.
The musician and his co-founders didn’t offer any extra monetary details regarding the project.
This isn’t Legend’s 1st foray within the world of NFTs. In could 2021, Legend was declared as a partner of the “OneOf” NFT platform among the likes of Doja Cat and Whitney Houston.
( Keira Wright, Cointelegraph, 2022)