electronic music brand, beatporthas been associated with Moles to launch the new NFT music marketplace, Beatport io. Through the platform, it will allow artists, producers, and labels to sell NFTs, including exclusive content such as unreleased music, discounted tickets, and other fan benefits. The launch of Beatport·io marks a significant advance for Beatport as it represents its first permanent home in the Web3 space.
Beatport and @Moles are coming together to create a new home for electronic music in the Web3 space. 🌏 💻
Be the first to know about updates and news about https://t.co/2eYKZTlQnJ signing up for our waiting list now! Learn more at Beatportal. https://t.co/OkIfKZsXKl
— Beatport (@beatport) March 13, 2023
To commemorate the launch, Beatport and Polkadot are working on 10 events over the next 18 months, each featuring a new collection of NFTs that will be featured on Beatport io, timed alongside existing music and Web3 events. This will provide fans with a steady stream of exclusive music-related NFTs for months to come.
Furthermore, Beatport io was created in collaboration with Define Creative and will launch on Aventus, a Web3 parachain within the Polkadot ecosystem. This partnership marks another significant step for Beatport in the Web3 space, enabling labels and artists to create and sell unique digital assets to promote greater fan engagement.
Beatport in the NFT music industry
With Polkadot’s backing, Beatport is poised to make a significant impact in the NFT market and serve as a strategic move for Polkadot to expand its presence in the music industry, which has seen significant growth in NFT adoption.
Björn Wagner, CEO of Parity Technologies, one of the main contributors to the Polkadot network, said: “Many in the music industry are eager to discover ways that Web3 can better help them. This initiative with Beatport and Aventus is a perfect example of Web3’s potential to elevate the craft of artists. We are excited to see this application of Polkadot’s technology to better connect artists directly with their fans and rekindle the collectible aspect of music fandom that has been largely lost in the digital media age.”
The launch of Beatport io aligns with the trend of companies exploring the potential of web3 and blockchain technology, and the music industry has been experimenting with NFTs, with major artists such as Grimes, Deadmau5 and Kings of Leon having already they sell NFTs to their fans. The collaboration between Beatport and Polkadot is another step towards the widespread adoption of NFTs in the music industry.
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NFT and Web3 Ambassador. Bullish on everything related to Blockchain.
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