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The rise of non-fungible tokens (NFTs) and the metaverse are some of the biggest tech phenomenons of the year, and quite arguably some of the most notable innovations since the internet hit society. People may still be coming to terms with what NFTs are, but put more simply, NFTS are blockchain-backed certificates that guarantee the authenticity of a piece of digital media. Look what Jack Dorsey did with his first tweet, which sold as an NFT for $2.9 million. But NFT ownership doesn’t just belong to the big spenders — learn how to mint your first NFT in this recent story Afrotech published. Some experts have also expressed skepticism about the rise and sustainability of NFTs, but for now, they seem promising. As the year winds down and the NFT craze continues to consume the tech industry, check out these NFT collections and projects we’ve been watching.
Whitney Houston fans are in for unexpected, yet exciting news. The late music legend has her own non-fungible token (NFT) collection! Houston’s estate has partnered with OneOf, a music NFT platform backed by music pioneer Quincy Jones, for the exclusive collection celebrating the singer’s life, Complex reports. The collection will feature an unreleased demo that Houston recorded at age 17, according to the outlet. The NFT will be auctioned next month and details will be revealed on Dec. 1. The winner of the auction will gain access to the never before heard demo, as well as a digital video created by 17-year-old Diana Sinclair, the young artist behind the collection’s artwork. “I saw a common theme in a lot of her work, the empowerment of Black women,” Sinclair reportedly shared in a statement. “Whitney’s talent and presence stands out a lot to me as a young Black woman in the arts. In the artworks I created, I wanted to highlight those sides of Whitney in the upper tiers, and then...
Timbaland is known for always staying ahead of the curve in the music industry. And, things are no different in the world of technology as he is now one of the latest to notice how crypto is gradually taking over in music with the launch of his first non-fungible tokens (NFTs) collection. The legendary music producer is collaborating with Kevin and Jennifer McCoy — who pioneered the NFT format — on the Readymade NFT eCommerce Platform under their company Monegraph for his NFT Producer Mix Series, according to a press release provided to AfroTech. The stems, hooks and beats from his upcoming EP, “Opera Noir,” will be auctioned off individually as NFTs that can be remixed. The EP’s tracklist will have “five to eight different Music NFTs editioned differently based on uniqueness of the music elements and totaling approximately 50 – 90 digital collectibles per song.” “Music NFTs are now part of our business. They offer musicians a new way to express themselves and interact with fans,”...