That is digital currency or cryptocurrency and it has been around for years.

What is the nft music craze. NFTs which are digital collectibles stored on the blockchain and can represent anything from art to music and real-world assets. Over the past few months dozens of musicians have entered the NFT fray such as Grimes who in February sold some 6 million worth of digital artworks in one auction and the more mainstream. Interestingly the very first rock sold.

Youngme Mihir and Felix debate the hype surrounding NFTs non-fungible tokens as well as recent music industry trends and the. A copy of an image a song a gif or anything of that kind can be shared in an unaltered state diluting the relevance of owning a token to the original. A new craze is sweeping the digital world and it is summed up by three letters.

Meet the NFT Digital Rocks Craze NFT August 26 2021. The NFT consists of still images of a rock which are all identical in design and shape but with different color tones. The current craze is around NFT being the answer to selling digital art and collectibles and many artists and celebrities have joined this exploding industry by selling their own collectibles.

You have heard of Bitcoin right. The creation of the EtherRocks was inspired by the Pet Rock toy craze in 1975 and only 100 ETHRocks will ever exist. An NFT token can be essentially anything digital ranging from an image video gif to items in digital games.

The cryptocurrency space has repeatedly taught us that with time anything can be valuable even a collection of ordinary digital rocks with no real value or purpose. For the past few months the entire industry has been raving about non-fungible tokens NFTs which are digital collectibles stored on the blockchain and can represent anything from. The NFT Craze and the Future of Spotify and Streaming Music.

The craze has seen Investors pay mad money just to acquire NFTs like the infamous Beeples First 5000 Days that sold for 69 million.