Cryptocurrency News

Crypto.com To Launch Non-Fungible Token Platform On Friday.

Renowned crypto exchange Crypto.com is going to be launching a non-fungible token platform later this Friday featuring content from leading artists, athletes, as well as musicians.

Within an official announcement today, Crypto.com revealed that it might be introducing a non-fungible token, or NFT, a platform with exclusive content from famous artists and musicians. Anyone – not just Crypto.com users – are going to be able to buy, trade, and resell NFTs featuring work from Snoop Dogg, Boy George, Klarens Malluta with Lionel Richie, Mr. Brainwash, OPUS, BossLogic, Axel Mansoor, KCamp, KLOUD, Aston Martin Cognizant Formula OneTM, along with several others.

“From live-streaming to AR/VR and drop-in audio, I’ve always loved exploring how new technologies can amend the way that my music is experienced,” added Mansoor. “Technology is at its best when it’s helping us hook up with one another in innovative ways, and NFTs are an excellent exciting due to forge much deeper bonds with my supporters.”

Joe Conyers III, the earlier CSO [Chief Strategy Officer] of Downtown Music Holdings in NY, will be leading the new Crypto.com venture. A number of the work from the famous artists and musicians will drop on 26th March, with the platform permitting users to pay with over 20 crypto assets along with Bitcoin [BTC], Ethereum [ETH], and Dogecoin [DOGE].

The introduction of celebrities and major non-tech figures into the cryptocurrency ecosystem isn’t always a bullish indicator. Though Rapper Snoop Dogg and Kiss’ Gene Simmons might have helped the worth of DOGE surge to an all-time high last month, the worth of Bitcoin didn’t seem to budge when actress Lindsay Lohan tweeted the cryptocurrency was going “to the moon.”

Crypto.com co-founder & CEO Kris Marszale has added that he aims to extend the number of users on the platform from its present 10 Mln to over 100 Mln by 2023.

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