Collectibles from current and legacy artists such as Whitney Houston and Quincy Jones will be available on the Tezos-powered OneOf marketplace.
The Tezos blockchain is getting a new musician-centric marketplace for non-fungible token (NFT) crypto collectibles, bringing projects from a lineup of well-known musicians, such as John Legend, Quincy Jones, Doja Cat, and the late Whitney Houston among others.
Tezos-Powered OneOf Marketplace May Hit it Big
The OneOf NFT marketplace announced today, cofounded in collaboration with Jones and his Quincy Jones Productions company, will launch in June. OneOf will accept credit/debit cards across more than 135 fiat currencies, as well as cryptocurrencies and stablecoins.
Artists like Aurora, The Kid Laroi, TLC, G-Eazy, Charlie Puth, H.E.R, Jacob Collier and Alesso will also have NFTs available on the platform, with more to follow.
The project, which will run on the Tezos proof-of-stake blockchain, has raised $63 million in the first seed round. Tezos blockchain is marketed as a “green” alternative to minting NFTs on Ethereum, which currently uses an energy-intensive proof-of-work consensus model.
Far More Efficiency
Tezos uses a PoS model that eliminates the need for mining, requiring far less computing power than Ethereum or Bitcoin. Tezos uses “over 2 million times less energy” than proof-of-work networks like Ethereum.
Other NFT marketplaces are also following the trend. SPIN, for example, has emphasized the environmental friendliness of its NFT fall. Rapper Doja Cat tweeted on “[wanting] to be aware of environmental issues” as one of the reasons for OneOf to exist.
OneOf is gas-free for its artists, and will encourage them to release low-cost NFTs—even free collectibles—if they so desire. OneOf will contribute a portion of its profits to either the artist’s chosen charity or a “environmental cause affiliate.”
In addition, the platform will run an Emerging Artist Spotlight Program to support emerging artists.
Also, many more popular artists, like Snoop Dogg, M.I.A., The Weekend, Grimes, Kings of Leon, Weezer, and Mick Jagger of the Rolling Stones, have released their own NFT collectibles and artwork amidst the digital products’ increase in value and interest in 2021.