Whitney Houston’s Unreleased Track Auctioned as NFT for Nearly $1 Million

A never-heard-before recording of Whitney Houston has just been sold as a non-fungible token (NFT) for $999,999 (roughly Rs. 7.62 crore) through the music-focussed marketplace OneOf. The song was recorded when Houston was 17, but was never released. The American singer and actor went on to become one of the best-selling recording artists of all time, with sales of over 200 million records worldwide. NFT platform OneOf announced the sale on December 15, after first revealing in November 2021 that several Whitney Houston NFTs would be sold, with artwork by artist Diana Sinclair.

These NFTs have been going on sale during the Miami Art Week, which started on December 1. Several NFTs related to Houston’s career have been released, which are available to buyers depending on the tier that they have bought in on the platform.

Gold and platinum tier users have access to rare, archival photos of the singer. Diamond tier users can obtain artwork by Diana Sinclair based on some of Houston’s most famous songs.

The collection also includes thousands of fixed-price NFTs, including archival photos from Houston’s early life and career. Proceeds from the sales of the collection will go to the non-profit Whitney E. Houston Foundation.

OneOf calls itself an “eco-conscious NFT platform built specifically for the music vertical.” It has received support from celebrated producer Quincy Jones. The platform wants to list NFTs at affordable fixed prices, and it intends to have thousands of NFTs on its platform.

There has been a lot of discussion about how NFTs could transform the music industry by increasing the amount of revenue that goes to artists. This seems to be the sentiment of the crypto community in response to the announcement of the Houston NFT sale. Sure enough, an increasing number of musicians and artists in other industries are strongly considering working with NFTs.

That said, NFTs have received criticism for sometimes being pointless, but sales like the one made for the Houston recording shows that there’s a lot of potential. The list of artists that have announced NFT releases or have already released NFTs grows by the week.

Eminem, Grimes, Snoop Dogg, The Weeknd — are only a handful of musicians who have released NFTs in recent times. In many cases, the proceeds from the sales of NFTs linked to artists go to good causes, like the Freddie Mercury-inspired NFTs that were released to benefit an AIDS research charity.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.


Shomik is a senior sub-editor at Gadgets 360. As someone who’s screened the consumer tech space for the past four years, he’s now shifted focus to the crypto-verse. When not converting currency values in his head, you may find him in an intense five-a-side football match or grinding out the newest Destiny 2 weekly challenge on his Xbox. You can reach him for tips or queries at [email protected]
More

Grindr Faces NOK 65-Million Fine in Norway Over Privacy Breach

Acer Kicks Off Year-End Online Sale in India to Offer Discounts on Gaming Laptops, Accessories

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More