Jamaican reggae artist Bay-C has partnered with Caricoin, a London-based Bitcoin (BTC) pockets firm, to create a nonfungible token (NFT) platform for fellow performers within the Caribbean.
In accordance with a report by the Jamaica Observer, the deliberate NFT platform will allow reggae and dancehall creatives within the Caribbean to realize extra from their efforts within the music trade.
The deliberate NFT platform for musicians within the Caribbean is an extra extension of the three-year partnership between Caricoin and the reggae star. Commenting on the plans for the NFT platform, Bay-C acknowledged:
“Not all people desires to know how the blockchain expertise works, some simply wish to get the content material out; know that they’ve this NFT, so we’re attempting to make it as simple as potential for as many individuals within the Jamaican and Caribbean artistic area.”
In accordance with Bay-C, the deliberate NFT platform for Caribbean reggae stars will come on-line earlier than the top of 2021. The reggae star mentioned he’s encouraging his colleagues to get entangled with NFTs.
The upcoming reggae NFT platform is one other instance of Caricoin’s continued growth within the Caribbean. The U.Okay. Bitcoin pockets firm made Jamaica its dwelling again in 2015 and announced plans for a crypto exchange again in 2016.
Bay-C has some earlier expertise with NFTs, releasing seven copies of certainly one of his songs as digital tokens. The reggae star reportedly plans to develop his NFT foray by releasing digital collectibles as a part of his second full album, King Bass.
House owners of the King Bass NFT assortment will reportedly acquire entry to redeemable and unlockable content material in addition to coupons and enjoying playing cards.
Musicians and other celebrities proceed to delve into NFTs, releasing digital collections leveraging on their private or artistic model identities.