The music industry is going through another change to make track recording and entertainment a lot more enticing for the artists. This is all thanks to blockchain technology. Various artists around the world are joining the crypto investment world and plenty of those can be found in many hip-hop-loving nations worldwide.
The biggest icons are legendary rappers from the United States, namely Snoop Dogg, Ne-Yo, and Akon. They are in partnership with companies developing entertainment using non-fungible technology (NFT) assets. In Africa, Henry Coco-Bassey, or Hector, is also giving Nigerian artists the platform they deserve through NFT trading.
South African artists, Anatii and Cassper Nyovest are also prominent figures in the crypto world. Both artists are known to be among the continent’s top investors as well as ambassadors of various crypto-based companies. Here is a bit more info on all of the best news showing crypto’s involvement in the music industry:
Stage11 to bring global hip-hop artists to the metaverse
Stage11 is a development company based in Paris, France dedicated to innovating entertainment using NFT technology. Their mission is to reimagine music for the Metaverse, a virtual reality space built on a blockchain network for gamers and content creators. In 2022, they are working with global hip hop stars, Snoop Dogg, Ne-Yo, and Akon.
The studio has raised $5,770,000 to turn their recorded performance into an immersive concert on the metaverse. Stage11 provided cutting-edge technology to deliver this work into a high-definition experience for all hip-hop fans. What’s most impressive is the metaverse’s potential for interaction and Stage11 aims to explore all features to make the most of its partnership with top-rated artists.
Other than Snoop Dogg, Ne-Yo, and Akon, Stage11 is also promising to work with other artists dedicated to working on NFT music. Such plans are still open to interpretation with no determined date for the first viewing yet. Once available, fans can experience them whenever they wish at the metaverse.
Hector uses NFT to transform the music business
One of the most significant contributors to crypto’s fast assimilation into the music industry is Hector. He’s a Nigerian music producer who started his career back when he was in high school. His inspiration to pursue NFT innovation in music production was because of his frustration with the way the business side works. He keeps making music but can’t earn it despite his hard work with his record labels.
He left making music for a while to understand more about the music industry. An idea clicked and he launched his record label called Unique Sirius. This label publishes music as NFT and he is the first to introduce it to Africa. His first artists were from the United States and the United Kingdom, and eventually, local talents joined the NFT-centric music production. Thus, he helped plenty of artists gain fair revenue from their passion while also kickstarting tokenised music in Africa.
Anatii and Cassper Nyovest to collaborate on the latest track
Anatii and Cassper Nyovest teased a collaboration on social media. The latter posted an image of the former with the caption ‘this broker can’t stop speaking about NFTs. Will we even get into the studio?’. This is a hint that they are working together on a track and NFT is involved in the arrangement. There are no details about their partnership yet but it’s very likely thanks to both artists’ direct involvement in the crypto business.
Anatii is a famous investor and promoter of Web3 development, so much so that he added ‘.eth’ on his Twitter handle. This is only done by Ethereum (ETH) investors and traders. Cassper Nyovest, on the other hand, is partnered with Sportsbet.io and Bitcasino.io, the world’s leading crypto sports betting site and casino respectively.
Blockchain, crypto, and NFTs are integrated with the music industry now. What is next for the future of this surprising combination? The future is bright because all artists involved have proven success through blockchain-based business models. It’s also exciting to see that this development is centred on hip-hop.
