Brian Armstrong, head of bitcoin exchange Coinbase, announced the release of three music tracks in the form of non-fungible tokens (NFT). According to him, David Khanjian, known as DJ DAVI, participated in the creation of the collection.
1 / Over the next few days I’ll be releasing some electronic music that I created with DJ DAVI (David Khanjian). We’ll be releasing them as NFTs.- Brian Armstrong (@brian_armstrong)
Armstrong noted that he became interested in writing electronic music as a hobby after the outbreak of the COVID-19 pandemic, and DJ DAVI gave him free lessons. The head of Coinbase promised to transfer the funds received from the sale of NFT to Khanjyan.
5 / All proceeds from the sale of the NFTs goes to David. The theme of one of the songs is about building great stuff with technology, and never giving up https://t.co/vsMKxwU10J– Brian Armstrong (@brian_armstrong)
Three NFT tracks will appear on the Zora marketplace. In April 2021, the project raised $ 8 million from the sale of shares. Earlier, Coinbase Ventures, Trevor McFadris of startup Brud and a number of other investors supported the platform in a $ 2 million seed round .
Armstrong announced the release of the NFT after Coinbase posted financials for the first quarter of 2021. The exchange’s revenue was $ 1.8 billion , and the net profit is estimated at $ 730- $ 800 million.
Recall that on March 15, Tesla founder Elon Musk presented a techno track about NFT in the form of NFT and promised to put it up for sale, but later changed his mind .