Pitbull on Investing in Music NFTs
Armando Christian Perez, commonly known as Pitbull, shares his interest in the NFT industry on today's broadcast with CNBC Crypto World. Plus, Justin Blau, DJ and Royal CEO, talks about how fractionalized ownership works for music fans. https://twitter.com/CNBC/status/1516495310113153039 The American artist has opted to enter the NFT market. For an undisclosed sum, the 40-year-old artist has signed a multi-year contract with OneOf. Pitbull will evangelize OneOf first, with plans to create his own NFTs later. The news comes as several artists, including Pitbull, have assembled in Miami, Florida, for a OneOf World concert. NFTs are one-of-a-kind assets that are stored and traded on a blockchain. They are unchangeable, limited, and publicly verifiable. Artists in the music industry can sell restricted digital content to their followers who pay with cryptocurrency. You can now create any non-counterfeit able music content.
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