Digital artworks (NFTs for short) are becoming more common worldwide. NFT On marketplace platforms, digital artworks are auctioned. Some NFTs find buyers worth tens of thousands of dollars.
NFTs are a major source of income for modern artists. Seeing this opportunity, all companies with art are working to benefit from NFT technology.
The last art company to step into the NFT market, Warner Bros. Music (WBM) it happened. Global music and entertainment company, largest NFT marketplace OpenSea announced on its official website that it has established a cooperation with
WBM artists will actively use the OpenSea platform and get early access to new features, according to a statement on Warner Bros Music’s website. WBM artists are launching a new show via OpenSea. Web3 will form the community.
Oana Ruxandra, WMG Vice President of Digital Development, announced the deal:
“Communities are in the DNA of music. Artists create their works for communities and their fans. Our collaboration with OpenSea will take our artists one step further through Web3. Our artists will be able to reach a wider community with new technology.”
Shiva Rajaraman, one of the OpenSea executives, confirmed the collaboration. Rajaraman brings technology and music together “exciting” called it.
NFT Markets Traverse Stagnation
Although the whole world industry has made new agreements to exist in the field of NFT, the NFT markets are currently in stagnation. The trading volume of many NFT platforms does not even come close to the Christmas period.
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