deadmau5 x Portugal. The Man simply launched their new single “This Is High-quality” on Mintbase. When all 1.000.000 are offered, they’ll be the primary artists to go platinum with an NFT. We couldn’t be extra thrilled: right here is the breakthrough for mass adoption.
We’re thrilled to announce the freshest launch on Mintbase:“That is High-quality” by deadmau5 and Portugal. The Man’s new single.
The launch occurred yesterday at Artwork Basel Miami because the historic pageant additionally hosts its first-ever NFT exhibition. The tune is priced at .25 NEAR (about $2 on the time we write this) and is being offered solely as 1 million NFTs on Mintbase.
This idea of the sale is finest compapink to a sale of iTunes downloads within the pre-stream years — besides every sale occurs on-chain, so it’s absolutely clear, and the 4 artists are splitting the good points through our cut up royalties & cut up income function. With this, we’re giving the management again to the worth creator, enabling the artists to be paid in real-time with each buy and eliminating middlemen and extortionate charges.
NFT holders not solely personal the tune however will probably unlock different options sooner or later, to be confirmed by deadmau5 and PTM. The potential is big: unique releases, memberships, early-bird entry to tickets, and a thousand different prospects. That is the large potential NFTs have for artists, musicians and creators of all types.
deadmau5 and Portugal. The Man wish to be the first-ever artists to go platinum with NFTs — 1.000.000 copies is the milestone set by the Recording Business Affiliation of America (RIAA) to hit the coveted standing. Nonetheless, regardless that RIAA has requirements for digital music, there are none for NFTs.
No matter what occurs, we’re already making historical past. The sheer variety of tokens we’ve minted is unprecedented — 500k already minted, near 70k up on the market, and much more to return.
That is solely potential because of scalable know-how that makes it reasonably priced within the first place. That’s the reason why we determined to construct Mintbase on NEAR, a sharded, proof of stake blockchain.
We’re lastly capable of mint thousands and thousands of NFTs which can be extra than simply collectables. We will switch and transfer the tokens all through the ecosystem because it prices lower than fractions of a penny. That is groundbreaking for everybody who desires to push actual utility for token house owners and every thing Mintbase has been working for since 2018. We’re *lastly* prepared for scale!
Mintbase’s CEO Nate Geier, who travelled to Miami for the launch, was interviewed by Forbes about why this issues for the NFT area.
“Promoting one NFT for $69 million to me is a yawn,” Geier mentioned. “It’s like who cares…There’s no innovation there. Promoting 1,000,000 NFTs to me is next-level. That is actual innovation.”