OneOf Web3 Company Partners With WMG For NFTs
OneOf’s NFT platform (a Green Web3 company) has partnered with WMG to create NFTs specifically designed for the music community. They intend to offer NFTs from generative and collectable PFPs (Picture for Proof or Profile Pic) to music royalties.
OneOf’s Partnership With WMG
OneOf — an environmentally friendly “Green Web3” Mucic Company — announced its partnership with Warner Music Group (WMG). The partnership has aimed to create exclusive NFTs for a wide range of artists across WMG’s legendary catalogue of music content.
OneOf’s Green NFT Platform
OneOf’s Green NFT platform mints NFTs up to 2M times more energy-efficient than its competitors and offers NFTs that are in form of avatars that can be sold and used as IRL experiences (taking experiences from the virtual world and transferring it into reality). The music company earns some royalties for each of the music albums and NFTs.
OneOf’s Solutions To Easy NFT Access
OneOf, which is backed by Quincy Jones and was first announced in May 2021, has proved itself the go-to platform for the music community. OneOf offers efficient solutions for fans and artists eager to explore the exploding world of NFTs without having stress about high minting costs or the complexity of blockchain technology.
OneOf And WMG Officials Quotes On The Partnership
The partnership seems to be a hit for NFT lovers. Let’s see how the two companies’ officials put it:
- “Web3 is a massive leap forward in technology: it will expand the scale and scope of both human and machine interactions far beyond what we can imagine today,” says Oana Ruxandra, EVP & Chief Digital Officer, Business Development, Warner Music Group.
- “Partnering with OneOf, a leader in the emerging technology space of Web3 and NFTs, gives our artists an edge in more authentically building one-to-one relationships with their fans and winning in the new Web3 economy. We’re excited to see what’s possible,” says Lin Dai, OneOf CEO.
- “From collectables to music royalties, NFTs and Web3 represent the pulse of consumer demand and an exciting future for the music industry,” Dai adds.
- “We are thrilled to partner and innovate together with Warner Music Group and use our cutting edge Web3 technology to bring their iconic labels and world-renowned artists to the next 100 million fans on the blockchain,” Dai concludes.
Warner Music Group In A Nutshell
With an inheritance expanding over 200 years, Warner Music Group is home to a unique family of songwriters, creative artists, and types of moving culture worldwide. The corporate includes such iconic labels as Atlantic, Warner Records, Elektra, and Parlophone — with a roster of superstars such as Dua Lipa, Lizzo, and Ed Sheeran.
OneOf’s Other Partnerships
In addition to partnering with Warner Music Group, OneOf has recently announced a three-year collaboration with the GRAMMY Awards in addition to partnerships with iHeartRadio and MusiCares. OneOf has launched record-breaking NFT collections with independent and major artists, including Whitney Houston, Doja Cat, The Game, Alesso, Pia Mia, Chief Keef.
To Conclude
Using “Green Web3” and “Green NFTs” in the music world could be an amazing experience nowadays. OneOf has offered solutions for NFT users. Knowing what’s happening in the crypto world is crucial to making lucrative decisions! Cryptologist.st is here to aid you by providing the latest news, analysis of top 1500 coins, educational posts, and many more!
Source: https://www.cryptologi.st/news/oneof-web3-company-partners-with-wmg-for-artist-and-music-nfts
