The collection features 3003 NFTs and is scheduled to launch on April 14.
A previously unreleased recording by the late English singer-songwriter David Bowie will debut as an NFT musical. According to a decryption report, Gala Music has partnered with music producer Larry Dvoskin and publisher Warner-Chappell Music to facilitate the release. Gala Music, a subsidiary of Gala Games, and its partners will release a previously unreleased version of Bowie’s 1983 hit song “Let’s Dance” via a limited run of non-fungible tokens (NFTs).
The collection features 3003 NFTs and is scheduled to launch on April 14. In the meantime, the importance of the release date is worth noting, especially since it comes exactly 40 years after the original debut of “Let’s Dance”.
Dvoskin had produced the previously unreleased version of the song with Bowie in 2002 and was eager for the new song to see the light of day. According to the track’s description of him, it is a “dreamer and more electronic” version of the popular song.
But as the 40th anniversary of the release of “Let’s Dance” approached, Dvoskin saw an opportunity and reached out to Bowie’s estate. He thought it was the perfect time to convince them to release the song through NFT, and the rest is history.
The collection will reportedly feature unique NFTs, each featuring Bowie-inspired artwork that will give holders access to the previously unreleased version of “Let’s Dance.” NFTs will be sold on a pay-what-you-wish model. However, all of the initial proceeds from the sale will go to the music-based charity MusiCares.
David Bowie on the blockchain
It’s also worth mentioning that the upcoming NFT launch isn’t Bowie Estate’s first foray into the blockchain. Last September, Bowie’s estate partnered with leading NFT marketplace OpenSea to launch a collection of NFTs called “Bowie on the Blockchain.” And the money raised from that collection also went to charity.
At the time, however, the blockchain experiment raised some concerns among some fans of the late artist. Unimpressed Bowie fans thought the experiment was not consistent with Bowie’s legacy.
However, Bowie’s entire music catalog has been acquired by Warner Chappell Music, which paid more than $250 million for the collection. And it is known that the subsidiary of Warner Music Group is willing to help composers to take advantage of the full potential of Web 3.0. In line with this vision, it announced a partnership with web3.0 entertainment incubator Defient last November.
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Mayowa is a crypto enthusiast/writer whose conversational nature is quite evident in his writing style. He strongly believes in the potential of digital assets and takes every opportunity to reiterate it. He is a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from cryptocurrency, however, Mayowa’s imagined distractions include soccer or discussions of world politics.
