Tuesday, April 13, 2021

The Weeknd teases about his new song being released in an NFT format.

The Takeaway:

Late on Friday, The Weeknd teased about a new song on Twitter that will be released in a non-fungible token (NFT) format.

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Late on Friday, the Canadian singer The Weeknd teased about a new song on Twitter that will be released in a non-fungible token (NFT) format. “New song living in NFT space. Coming soon…” he tweeted Canadian singer-songwriter. No other information has been shared so far. The Canadian singer-songwriter is not the first artist to try out NFTs; everyone has been hopping on this trend this year and making a fortune.

 

Several big names have been testing out NFTs. 

Earlier, Kings of Leon became the first band to release their latest album with an NFT, and Grimes sold a collection of NFTs for about $6 million. Many other big names like Elon Musk, Jack Dorsey, Banksy, Paris Hilton, Lindsay Lohan, basketball player Josh Hart, a Los Angeles pizza shop, toilet paper brand Charmin, and Taco Bell have also been testing NFTs out. This NFT comes on the heels of The Weeknd’s breakout moment, ‘House Of Balloons’ mixtape arriving on streaming services in its original form for the first time, to mark ten years since its initial release.

 

L’Atelier BNP Paribas CEO John Egan thinks ETH likely a safer option than NFTs. 

As reported earlier, L’Atelier BNP Paribas CEO John Egan said, “Ethereum is clearly the big winner when it comes to NFTs. So starting with Ethereum and adjacent infrastructure to Ethereum is probably a significantly safer investment at this point.” Ethereum provides an infrastructure to NFTs, according to Egan. Buying NFTs, on the other hand, at this stage is akin to gambling in a casino, said Egan. Buying NFTs, on the other hand, at this stage is akin to gambling in a casino, the CEO noted. “You know you’re going to spend money, but maybe you’re doing it for the enjoyment, for the experience. If you win, you’ve got lucky,” he said. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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