{"id":12986,"date":"2021-11-18T20:14:37","date_gmt":"2021-11-18T20:14:37","guid":{"rendered":"https:\/\/thebluemanakin.com\/blog\/distrokid-joins-nft-with-sellouts\/"},"modified":"2022-08-16T13:39:09","modified_gmt":"2022-08-16T13:39:09","slug":"distrokid-joins-nft-with-sellouts","status":"publish","type":"post","link":"https:\/\/thebluemanakin.com\/en\/blog\/distrokid-joins-nft-with-sellouts\/","title":{"rendered":"Distrokid joins NFT with “Sellouts”"},"content":{"rendered":"

The world of the NFT<\/strong> continues to grow and all sorts of brands are adding to an ever-expanding market.<\/p>

The metaverse is evolving so fast that as artists like\u00a0BTS and Timbaland join the ambitious\u00a0marketing NFT trend,<\/a><\/strong>\u00a0what started as an ape cartoon NFT project is now in the making as a band.<\/p>

\"\"<\/figure>

Not only Opensea,<\/a><\/strong> platforms are currently raising more money than ever before. Recently, the Opulous platform announced that the founder of the Three Six Zero<\/a> record label will be joining the company as a senior advisor. In other words, the marriage between the music industry and NFT’s seems to be inevitable.<\/p>

The music distribution company Distrokid<\/a><\/strong> is currently collaborating with 10,000 independent musicians to mint 10,000 NFT  coleccionables <\/em>10,000 collectible and commemorative NFT’s for each artist. Distrokid is valued at $1.3 billion.<\/p>

According to Distrokid, proceeds from sales of this collection will go directly to each artist.<\/p>

The collection named”sellouts”consists of the Distrokid mascot customized by each participating artist from more than 300 different features, from hair, expression, glasses to clothing. In other words: Each NFT piece<\/strong> in this collection will be an avatar based on the combination of nearly 300 different features.<\/p>

\"\"\/
https:\/\/distrokid.com\/sellouts\/designer\/<\/strong><\/a><\/figcaption><\/figure>

<\/p>

Regarding the shadow of controversy regarding the alleged environmental cost involved in NFT minting<\/strong>, Distrokid says it is developing innovative methods that will make the process 99% more environmentally friendly.<\/p>

This is only the initial phase of Distrokid’s integration into the NFT market,<\/strong> they comment that any distrokid member musician can design their own NFT Sellout <\/strong><\/a>and join the waiting list to be part of the initial delivery. This service is free for musicians who will earn nearly 100% of the revenue from any sale or resale of their NFT, as Gateway and Distrokid <\/em>keep a small processing fee for each sale.<\/p>

This is only the initial phase of Distrokid’s integration into the NFT market,<\/strong> they comment that any distrokid member musician can design their own NFT Sellout <\/strong><\/a>and join the waiting list to be part of the initial delivery. This service is free for musicians who will earn nearly 100% of the revenue from any sale or resale of their NFT, as Gateway and Distrokid <\/em>keep a small processing fee for each sale.<\/p>

For this initial phase of integration between distrokid and the NFT world<\/strong>, there are already some musicians participating, such as ILOVEMAKONNEN, Ricky Desktop, Ryan Oakes, Tep No, Emilio Rojas, Janine and Our Last Night.<\/em><\/p>

The release date for the 10,000 pieces of this collection will be December 15 via Nifty Gateway<\/strong><\/a> through a raffle.<\/p>

\"\"
Philip Kaplan, fundador y director general de DistroKid<\/figcaption><\/figure>

According to Philip Kaplan, founder and CEO of Distrokid: “There are many ways in which blockchain and NFTs can be useful for musicians<\/em>.” he mentions that Sellouts is just DIstrokid’s first step towards a larger collection of easy-to-use NFT and Blockchain services. ” Millions of artists rely on DistroKid’s innovation and creativity.”.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The world of the NFT continues to grow and all sorts of brands are adding to an ever-expanding market. <\/p>\n","protected":false},"author":6,"featured_media":10197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"ep_exclude_from_search":false,"footnotes":""},"categories":[474,369],"tags":[498,500,405,385,499],"class_list":["post-12986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-our-blog-en","tag-acunacion-de-nft-en","tag-distrokid-en","tag-mercado-nft-en","tag-nft-marketplace-en","tag-sellouts-en"],"yoast_head":"\nDistrokid joins NFT with "Sellouts" | Blue Manakin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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