Oneof: Music-based eco-conscious NFT platform.
Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance , NFTs, and more.
Chingari has launched its in-app $GARI powered crypto wallet that will onboard millions of daily active users to the Solana ecosystem.
“What’s really likely to matter is if people want these tokens or not,” he said.
“Are people interested? Are there superfans for whom usage of an NFT of one of their artists whom they follow is worth paying money for? That’s what’s going to make or break this in my view.”
OneOf hopes to build on the trend, offering its NFTs as an accessible, low-cost way for fans to own content from a common artists and for artists to engage making use of their audience.
Other investors include Suna Said of Nima Capital, participated by ESG fund Sangha Capital, seasoned tech investor Jack Herrick, Tezos Foundation, Jaeson Ma, founder of East West Ventures and co-founder of 88rising, among others.
Unlike most NFTs, which must be purchased exclusively with cryptocurrencies, OneOf also accepts debit or credit cards in a bid to interest an audience beyond “crypto-natives,” the business said.
Franck Muller To Launch New Nft Group Of Luxury Watches
As for OneOf, it is rapidly emerging because the go-to NFT platform for the music community–offering solutions for artists and fans to enter the space without having to deal with the high costs of minting NFTs.
Leveraging the high throughput and low transaction cost of the Tezos blockchain, OneOf is announcing an industry-first commitment to$0 minting costsfor all artists seeking to launch NFTs on its platform.
OneOf’sEmerging Artist Spotlight Programwill also champion influential new voices through financial and marketing commitments.
The original artists in this program include Laura Mvula, Barbara Doza, Erick The Architect and much more to be announced soon.
MIAMI, FL – May 25, OneOfis a fresh green NFT platform built specifically for the music community.
The program, for instance, works with the United Nations Human Rights operation to advocate for action to protect vulnerable people all over the world suffering from the effects of climate change, including flooding and severe storms.
March 2021 was the platform’s best-ever sales month, bringing in $150 million.
Marketplace OneOf sets its sights on disrupting the NFT industry using its goal of reforming the fan experience.
The platform was designed to focus on musicians and their fans, even children and teenagers, by way of a user-friendly experience.
“We desire to use blockchain technology in an environmentally sustainable way.”
OneOf will also offer no-cost minting for artists launching NFTs on its platform.
As the NFT music industry continues to grow, so does the number of NFT music marketplaces and web3 streaming services.
These platforms allow artists to sell their NFTs and present fans a way to stream and purchase NFT music.
Deeply focused on a sustainable blockchain future—OneOf is really a green NFT platform that supports NFTs on multiple energy-efficient blockchains to generate sustainable and user-friendly Web3 experiences for all.
OneOf aims to create another 100 million non-crypto-native fans into Web3 by removing technical frictions and allowing fans to get NFTs with debit or credit card, together with major cryptocurrencies.
Equally dedicated to equity and diversity, on OneOf, over 80% of collections come from minority or female creators, and in addition, OneOf donates portions of arises from every NFT collection to creators’ chosen charities.
BPM is a music NFT Discord bot that allows artists to sell their NFTs and provides fans ways to stream and purchase NFT music.
Kalamint provides artists with a way to sell their NFTs and gives fans a method to stream and buy NFT music.
Music Nft Platform Oneof, Co-founded In Partnership With Quincy Jones, Raises $63m In Seed Funding
OneOf is made on the Tezos blockchain protocol, which uses an alternative validation method called “proof-of-stake,” requiring less electricity.
That allows the platform to utilize “over 2 million times less energy than platforms on the Ethereum Network” and “requires the same energy as sending out a tweet,” OneOf said.
Co-founded by tech entrepreneur Lin Dai, digital media executive Joshua James and music producer Adam Fell, in partnership with Jones, the platform has raised $63 million in a seed round to launch.
The platform has attracted artists John Legend, Doja Cat and others who have already signed to participate the service when it launches this month.
The NFTs offered on OneOf includes collectible music, art and experiences.
- OneOf could offer an answer to calls from critics concerned about the environmental impact of NFTs and the blockchain technology they depend on.
- He spent over a decade leading digital initiatives
- Our company was founded by way of a diverse group
- The super-rare OneOf Platinum tier features more limited content and sometimes includes usage of exclusive VIP events, IRL experiences, and much more.
- BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services.
Announced entering a preferred partnership with Warner GROUP to create exclusive NFTs for the American record label giant.
The collaboration will enable NFT releases from the selection of artists across WMG’s music catalog.
The very best performing cryptoasset sector is Virtual Reality, which gained 18%.
Unlike Ethereum, and this can be upwards of $150 per NFT to mint, artists may then create NFTs on OneOf at affordable prices accessible to all fans, as well as headline-making “OneOf One” collectibles.
Whitney Houston, Doja Cat, Quincy Jones, John Legend, TLC, Charlie Puth, Jacob Collier, G-Eazy, Alesso H.E.R. AURORA, and The Kid LAROI are among the artists set to release NFTs on the new OneOf platform.
Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Ethereum and other proof of work-based blockchain networks has drawn greater scrutiny lately.
Founded in 2020 by Modenova, DRESSX has grown to end up being the largest digital-only fashion retailer on the globe with something catalogue of over 3,000.
Warner Music Group has expanded its NFT strategy in a new partnership with DRESSX.
Supported by the producer Quincy Jones, OneOf ‘s platform is reshaping just how its users interact with music.
“Minting an NFT on OneOf’s platform uses up to 2 million times less energy than proof-of-work networks, and for its users, purchasing NFTs costs $0 USD in blockchain gas fees,” James explained.
OneOf’s use of the Tezos blockchain results is significantly more environmentally friendly.
Based on the startup, minting an NFT uses two million times less energy than networks like Ethereum.
However, the platform will specialize in limited edition “OneOf One” NFT drops.
OneOf will donate a share of revenue to either a charity chosen by each artist or an “environmental cause partner.” The platform will also operate an Emerging Artist Spotlight Program to greatly help introduce lesser-known musicians to potential new fans.
Audius is really a decentralized music streaming and downloading platform built on the Ethereum blockchain.
This is relevant because Warner’s latest Web3 deal has been OneOf, which claims that its “platform mints NFTs that are around two million times more energy efficient than the competition”.
And it’s looking to dabble in various kinds of music NFTs, including so called digital collectables and royalty based tokens.
The majority of the over-hyped NFT shenanigans this past year utilised the Etherum blockchain which – although more energy conserving than Bitcoin – is pretty greedy when it comes to power.
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