- Online digital music store Beatport will begin accepting payments in June.
- The company will also launch a collection of non-fungible audio / visual tokens.
- The CEO says this groundbreaking move will strengthen the artist community.
More than 10 years since its inception, Bitcoin has been more widely accepted in different industries. Large corporations such as Tesla (NASDAQ 🙂 and Venmo began to adopt Bitcoin as a form of payment. Now even the music industry is moving towards the adoption of cryptocurrencies.
Beatport, a digital music store for DJs and musicians alike, will accept Bitcoin payments starting in June. Other than that, his team expressed their excitement about working with partners like Crypto.com for an NFT collection titled Music for Future Dance Floors.
The project will be the world’s first audiovisual NFT compilation. The project features exclusive tracks from some of the leading techno and house artists.
This includes artists like Sasha, Charlotte de Witte, Boys Noize, and Pan-Pot. The collection will also include a bonus track by Sama ‘Abdulhadi. The bonus track will be paired with visual art by Berlin-based Leif Podhajsky, known for collaborating with Bonobo, Tame Impala, and the Sydney Opera (NASDAQ 🙂 House.
In an official Beatport announcement, CEO Robb McDaniels expressed his satisfaction with this progressive project. According to:
When you benefit and empower the artist community, there is no reason to stop innovating.
He also praised the DJ and producer community for their willingness to lead the music industry to embrace new technologies like NFT and innovative platforms to engage with their fans.
This article was first published on coinquora.com
Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.