Coinbase CEO Brian Armstrong is releasing a collection of music NFTs
Coinbase CEO Brian Armstrong is releasing a collection of electronic music non-fungible tokens (NFTs) that he created with DJ DAVI, also known as David Khanjian.
"I listened to a lot of electronic music with no vocals as I was coding up the early versions of Coinbase, and always enjoyed David's music. (no vocals because I couldn't concentrate with other words in my head)," Armstrong tweeted on Wednesday.
Armstrong says he took up electronic music composition as a hobby after the COVID-19 pandemic began, and that DJ DAVI gave him free music lessons. They created the minted tracks together as Armstrong was learning.
"To be clear - 99% of the talent comes from him, but it was fun for me to work on them none the less," he tweeted.
All proceeds of the sale will go to DJ DAVI. According to Armstrong, the theme of one of the tracks is about building with technology and never giving up.
The three tracks will be released as NFTs on Zora.co, a Coinbase Ventures-backed company. More details will be announced in the next few days.
Armstrong's announcement comes a day after Coinbase released a preliminary financial report for 2021's first quarter, reporting an estimated $1.8 billion in revenue for the three months ending March 31.
Coinbase is set to go public via a direct listing on April 14.