The favored persona and American singer-songwriter John Legend has made his identify on the record of celebrities who’re transferring to the world of cryptocurrencies. John has been ranked among the many celebrities flocking to the world of the non-fungible token (NFTs), because the singer goes to assist to launch a brand new NFT platform for musicians and different entertainers. There’s a platform named OurSong permits the artists to tokenize and likewise promote their work, awarding the patrons with privileges like non-public chatrooms and entry to unreleased music.
Based on the platform which said that everybody can now flip tales, music, pictures, and any form of artwork into NFT buying and selling playing cards known as Vibes. The platform additionally states that it means that you can unlock unique updates and entry non-public chat communities the place you’ll be able to meet like-minded others. John Legend will act as a Chief Influence Officer, who has been tasked to draw up-and-coming artists and their fan bases. Legend stated to Bloomberg in an Interview that he spends most of his psychological vitality eager about music and hopes this platform will connect with the folks.
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He stated,” After I take into consideration what I need to do, I attempt to become involved with tasks that I feel will make the world extra related”. Plainly there are many fashionable names which were connected to this challenge together with the co-founder of digital music streaming service KKBOX, Chris Lin, who’s going to serve himself as the brand new CEO of the corporate. Not solely he however the co-founder of the stay video streaming platform Twitch, and founding father of early-stage enterprise capital agency Cherubic Ventures, Kevin Lin and Matt Cheng may even be part of the workforce to deal with the tasks.
As per Kevin Lin, the platform won’t require the customers to have a cryptocurrency pockets. The Terma of Providers exhibits that the customers can solely purchase Vibes with OurSongDollars (OSD). Lin additionally states,” The customers can deposit OSD in OurSong by shopping for it with their bank card, debit card, wire fee or USD coin deposited of their pockets on Circle’s blockchain”.
Regardless of of this, the co-founder and the musician didn’t share many further monetary particulars in regards to the challenge. Effectively, this isn’t the primary foray on this planet of NFTs by Legend, he introduced as a associate of the “OneOf” NFT platform amongst akin to Doja Cat and Whitney Houston in Might 2021. Additionally, he’s not the primary superstar who took his step on this planet of NFTs.