The world’s largest marketplace for non-fungible tokens (NFTs) is partnering with an entertainment and record label giant to provide artists and musicians with a decentralized web platform.
In a new statement, Warner Music Group says that OpenSea will help artists build their respective communities on Web3 and launch NFT-based projects.
As part of the deal, Warner artists will get early access to OpenSea’s new drops, personalized storytelling on customized landing pages and dedicated support.
The company says that Warner Records UK and Web3 firm Probably Nothing are already working on the first collection of music NFTs.
Says OpenSea Vice President of Product Shiva Rajaraman,
“As a massive music fan myself, I’m thrilled to work with a partner who understands the significance of this technology and wants to use it for good – to empower artists to own their fan connections directly. We’re excited to provide the support and infrastructure to help welcome the Warner family of artists into the exciting NFT ecosystem.”
In January, Warner also inked a deal with virtual reality platform The Sandbox (SAND) to create a music-themed world within the metaverse. The company bought digital beachfront property to serve as a virtual musical theme park and concert venue for its leading music artists.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GN.Studio
