Crypto.com has announced that it will be launching a nonfungible token (NFT) platform, featuring content from major artists, athletes, and musicians.
It has been reported that anyone, not just Crypto.com users, will be able to buy, trade, and resell NFTs featuring work from Snoop Dogg, Boy George, Klarens Malluta and Lionel Richie, Mr. Brainwash, Opus, BossLogic, Axel Mansoor, KCamp, Kloud, the Aston Martin Cognizant Formula One Team and others.
However, some of the work will drop in concert with the platform’s launch last Friday. Users will be allowed to pay with over 20 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).
Joe Conyers III, the former Chief Strategy Officer of Downtown Music Holdings in New York, will be leading this new Crypto.com venture.
Kris Marszalek, the co-founder and CEO of Crypto.com, said that he aims to increase the number of users on the platform from its current 10 million to more than 100 million by 2023.
Likewise, Mansoor, a singer-songwriter and current face of the Clubhouse app, said:
“From live-streaming to AR/VR and drop-in audio, I’ve always loved exploring how new technologies can change the way that my music is experienced. Technology is at its best when it’s helping us connect to each other in innovative ways, and NFTs are a super exciting way to forge deeper bonds with my supporters.”
Thus, the introduction of celebrities and major non-tech figures into the crypto space is not always a bullish indicator.
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