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Home / LA Canvas / Music / Kings of Leon Will Be the First Band to Release an Album as an NFT

Kings of Leon Will Be the First Band to Release an Album as an NFT

Kings of Leon Will Be the First Band to Release an Album as an NFT
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By SAMANTHA HISSONG

On Friday, Kings of Leon will release their new album, titled When You See Yourself , in the form of a non-fungible token ( NFT ) — becoming the first band to ever do so. The band is actually dropping three types of tokens as part of a series called “NFT Yourself,” people involved in the project tells Rolling Stone.

One type is a special album package, while a second type offers live show perks like front-row seats for life, and a third type is just for exclusive audiovisual art. All three types of tokens offer art designed by the band’s longtime creative partner Night After Night; the smart contracts and intelligence within the tokens were developed by Yellowheart, a company that wants to use blockchain technology to bring value back to music and better direct-to-fan relationships.

A quick rundown: NFTs are a type of cryptocurrency , but instead of holding money, they can hold assets like art, tickets, and music. NFTs operate on a blockchain, which is a publicly accessible and transparent network — meaning anyone can see the details of any NFT transaction. Computers involved in the transactions become part of the network, which keeps […]

Click here to view original web page at www.rollingstone.com

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