News hardware With these NFTs, you can attend the Booba concert for free … or almost
The famous French rapper also uses blockchain technology. Almost 1 year ago, Booba was one of the first artists in the music industry to release non-fungible tokens, giving fans access to several exclusive benefits.
A spectacular NFT sale
Rapper Booba was among the first to offer this kind of virtual music innovation. In November 2021, the 92-year-old rapper had decided to boost the release of the clip from his title “TN” with non-fungible tokens.
So, at the start of the NFT bubble, the artist offered a collection of 25,000 tokens for sale. Specifically, these virtual certificates for fans were represented in the form of five types of animated cards. Each card was limited to 5,000 copies.
Acclaimed by the cryptocurrency community and its fans, the initiative was a great success as all copies were sold out in a very short time. Initially sold for 0.006 eth, or 20 euros at the pace of the time, the collection managed to sell out very quickly.
After this sale, the artist had recorded a profit of 125th for a total value of 564,000 euros at the time. Following the drop in the price of Ethereum, the sum today is worth only 237,572 euros, according to VentesRap.
In addition to the commercial aspect of this type of digital sale, the sale allowed for the experimentation of a new mode of consumption for the artist’s fans. In addition to the collection, these cards are useful for anyone wishing to access exclusive “privileges” related to the artist.
Among these benefits: owners were able to access preview clips or even participate in the draw to get a VIP pass to the rapper’s concerts.
A free live streaming of the Booba concert at the Stade France for NFT holders
Almost a year after this sale, the owners of these NFTs are still making a profit from their purchase. On the occasion of his concert at the Stade de France, rapper Booba will once again allow owners to use their NFT.
Indeed, the 2:30 am show much awaited by fans will be broadcast live on the Internet. To access the famous live online, fans will have to pay € 15. Only if you are the owner of an NFT, not being physically present at the concert, will you be able to access the stream for free.
One way to compensate, since we remember, despite the large capacity of the Stade de France, the concert is sold out. Thus, through the use of NFT, Booba demonstrates a new utility that could please several fans of the rapper.
What is an NFT?
An NFT is short for Non Fungible Token or non-fungible token in French. NFTs are cryptographic tokens issued on a blockchain.
Leveraging this technology to the genesis of cryptocurrencies, NFTs register inviolable properties in this virtual ledger. Consequently, NFTs are true claims of digital ownership.
Is an NFT necessarily an image?
A distinction must be made between an NFT and the object associated with it. The non-fungible token, in fact, is above all a virtual ownership certificate and not the digital file as such. An NFT is usually associated with a photo or video, but it can also take the form of text, music, or any other digital or physical format.
What is an NFT for?
NFTs are generally used to enforce property rights online. Therefore, the owner of a token of a virtual work can collect royalties, guarantee respect for the intellectual property of its digital object, etc.
This feature has in particular allowed NFT to shine in art by creating value and rarity in digital images available on the web. Furthermore, beyond the art, this technology offers multiple uses in different sectors such as in video games, in the traceability of a product, etc.
How is the value of an NFT defined?
These tokens are not fungible, i.e. they have a unique value unlike cryptocurrencies, which are fungible (1 bitcoin = 1 bitcoin).
The price of an NFT is therefore arbitrarily set by the token owner. This price is usually in cryptocurrency, most often in Ether (ETH).
How to buy and sell NFTs?
NFTs are typically bought or resold on trading platforms such as Opensea or Foundation.
What is an NFT mint?
The “Mint” or strike in French, is the initial sale process of a token. To permanently join the blockchain ledger, these new tokens must be new. With this action, the user gets to complete a transaction with his fees to see his token appear in first person on the blockchain.