A partnership between Beatport and leading cryptocurrency exchange Crypto.com has launched Bitcoin payments and the first-ever NFT dance music compilation. In June, Beatport announced that it would accept bitcoin as a form of payment, making it the first digital music retailer to do so.
Moreover, it is releasing an audio/video compilation on April 23 called Music For Future Dance Floors in partnership with Crypto.com.
“When it benefits and strengthens the artist community, there is no reason to stop innovating. It’s clear that, even in the midst of a pandemic, the DJ/Producer community is willing to lead the industry towards embracing new technology and innovative mediums for engaging with their fans, and the world of crypto currencies and non-fungible tokens are a clear example of this fact. For Beatport, this is just the beginning of our exploration into the metaverse and we are committed to the long-term opportunities this revolutionary technology portends.”Robb McDaniels, Beatport CEO,
Sasha, Charlotte de Witte, Boys Noize, Pan-Pot, Nic Fanciulli and Alec Monopoly’s “Sold As Seen,” and a bonus track from Sama ‘Abdulhadi will be featured on the compilation.
“The world of NFT’s is an interesting new platform for artists to explore their output. We’re very curious to explore this new world together with Beatport and learn what this could mean for our world.”Charlotte de Witte
Leif Podhajsky will contribute visuals to the compilation. He has worked with artists such as Bonobo and Tame Impala.
“As a digital artist who has worked extensively creating visual worlds from music- I’m genuinely excited by what NFT’s can offer all creatives. It’s breathed new life into what it means to create artwork and collect music in the modern age.”Leif
Among the emerging artists will be Alignment, Third Son, Anna Lann and Risa Taniguchi, priced at $303, who will be releasing mini drops with established stars.
Afterward, all tracks will be auctioned off with bonus content as part of a 10-of-10 auction. Each track will include the bonus track, guest passes for the artists’ live performances, and additional visual material.
In addition to part of the profits going to charity, Beatport will also donate carbon offsets.
A recent initiative by Beatport’s partner Crypto.com has launched one of the world’s most comprehensive NFT marketplaces, allowing artists to connect to their vast customer base and sell creative digital goods.
“Beatport’s core ethos of empowering artists to share their work directly with fans digitally is a shared mission here at Crypto.com. We’re excited to collaborate with them on this drop to expand what’s possible in the world of NFTs.”Joe Conyers III, Global Head of NFTs for Crypto.com,