Non-fungible tokens, a type of crypto-asset, is becoming popular as several investors and enthusiasts are showing eagerness in spending large sums of money on items that only exist digitally
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American rock band ‘Kings of Leon’ released a music album last week as a non-fungible token (NFT), making it the first-ever band to distribute digitised art, Rolling Stone reported citing people familiar with the development.
NFT is a type of crypto-asset that represents a variety of assets, including artforms, tickets and music. This type of asset is becoming popular as several investors and enthusiasts are showing eagerness in spending large sums of money on items that only exist digitally.
The band’s new album titled ‘When You See Yourself’ will be distributed in three tokens as part of a series called ‘NFT Yourself’, according to Rolling Stone.