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Spotify plans to nft craze
Spotify plans to nft craze













spotify plans to nft craze

"We'll also see some legitimate products come to market." "What we're going to see, and what we're already seeing, is there are going to be a bunch of scammers, grifters, and fraudsters who use this thing as a way to promise instant wealth with no effort," said Stephen Palley, a lawyer at Anderson Kill and frequent commentator on blockchain issues. The tidal wave of interest in this complex, emerging market has sparked surging prices, lots of transactions, and what some are calling bubble-like behavior. They gathered in a new, smaller room later on Wednesday and talked about NFTs just as passionately as they had earlier in the week. He would no longer offer the tweet for sale.īut that didn't dim the Clubhouse enthusiasts' fervor. Musk - whose girlfriend, the musician Grimes, sold a collection of art as NFTs in early March - then said Wednesday that he'd had a change of heart. Just hours before that gathering, Tesla chief executive and self-proclaimed "Technoking" Elon Musk tweeted that he would sell a tweet containing a song about NFTs as an NFT. They touted the benefits artists can reap from selling their work as NFTs and theorized that they could make artists' "drops" less exclusive to provide more equity to the art world. The Clubhouse gathering on Monday had the air of the converted, with group members gushing that NFTs are part of a digital revolution. Twitter CEO Jack Dorsey, a vocal cryptocurrency bull whose Twitter bio says only "#bitcoin," said he would sell his first tweet as an NFT and donate the proceeds to charity. The mania over NFTs seemed to reach a fever pitch last week with the sale of a work by the digital artist Beeple that fetched $69 million at Christie's. The urgent matter at hand: NFTs, or non-fungible tokens, the digital collectibles selling for millions of dollars. The group - an eclectic mix of participants including visual artists, web developers, former T-Mobile CEO John Legere, and MC Hammer - batted around ideas in a gathering that seemed part group-therapy session, part college-philosophy class, part group text with like-minded friends, and part spiritual gathering.

spotify plans to nft craze

The enthusiasts, some 2,200 of them, flocked to a room on Clubhouse to talk about their new favorite topic. Now lawyers and fund managers say regulatory scrutiny is coming - which could dampen NFTs' values.But claims of copyright theft and hacking are common, and most sales don't come with legal rights.

spotify plans to nft craze

Speculation, cabin fever, and a desire to forge new ties are fueling the NFT craze.















Spotify plans to nft craze