Audio NFT / Non-Fungible Token Fridays! Week #010 with Glozal Music, El Salvador & more

The world of Audio NFTs, and NFTs in general, has blown up in the past few months. HipHopCanada has been delivering exclusive blockchain news and opportunities for their followers. With the huge surge in interest, we’ve partnered with Guerrilla Music to provide weekly updates on #AudioNFT drops, sales, and other crypto-related news. This is Audio NFT / Non-Fungible Token Fridays.

Previously on Non-Fungible Token Fridays

  • NFT Fridays! Week #009 with The Sandbox, GME & more
  • NFT Fridays! Week #008 Roney, BEATiFY, PVLACE (808 Mafia) & more
  • NFT Fridays! Week #007 with Planet Hollywood, School of Crypto & more
  • NFT Fridays! Week #006 with Muhammad Ali, Hollow Da Don & more

NFT News

Glozal Music

Imagine a music player that plays NFTs. Well, this is what we are talking about right here, if you own an audio NFT, you will be able to play it on this new app.

A growing trend in the music industry is the rise of NFTs or non-fungible tokens. Transactions using NFTs allow audiences to download or purchase a unique content (song or album) from the artists they love and empower the artists who sell them to maintain their master. Glozal Music (GM) is revolutionizing the way artist will monetize their work and can keep the majority of the sales from each song or record they produce. GM makes the song or album available to download as an NFT in the blockchain and also only allows for payment in Crypto thus paying the artist the same way from wallet to wallet.

Click here for more information.

Sandbox & The Thought Box

Sandbox is ramping up their music side of things with a new VR music venue called “The Thought Box.” This venue will not only facilitate VR concerts, but they will also showcase NFTs on the VR walls.

The instigator behind the idea and the venue, McNaney, was inspired by his background in theater and comedy, and aims to support other performers with The Thought Box. The venue will have three event spaces, a parkour course, a wide variety of minigames, and the walking path from the parkour course to the main theatre will be adorned with CryptoArt. To generate revenue, the event spaces will charge small ticket fees in $SAND for headline events including, but not limited to, exclusive clubhouse-like Q and A’s, stand-up showcases, live music, and eventually, fully “staged” productions.

Click here for more information.

Creature Feature Horror Movie Minted & For Sale on OpenSea

This horror film is being sold as an NFT and the owner will be able to do whatever they want with the film.

Click here for more information.

Adoption News

El Salvador embraces Bitcoin

El Salvador’s president invites cryptocurrency businesses to move to El Salvador, with the promise of good weather, beach front properties, and tax breaks on crypto.

Founders of Binance and Tron responded with tweets hinting that they are considering the move.

As reported by Reuters, “El Salvador became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele’s proposal to embrace the cryptocurrency, a move that delighted the currency’s supporters. With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador’s program with the International Monetary Fund.”

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Pushing Back on Elon Musk

The crypto community unites and mass blocks Elon Musk’s social media accounts.

Click here for more information.

Written by Sourav Deb for HipHopCanada
Edited by Sky Hayward for HipHopCanada

Brought to you by Guerrilla Music