Key Facts: Muse’s album NFTs sold for about $24, but they’re all sold out. Binance CEO Chanpeng Zhao welcomed the positioning of the band’s album. British alternative rock band Muse leads the charts for most listened to music albums in the UK, being the first to top the list having released an album in non-fungible token (NFT) format. According to the list offered by Official Charts, which is the company in charge of preparing such music charts, the album “Will of the People” by Muse, released last August, It is at the head of the record for the 100 most popular albums in that country.
The album, which has the record label of Warner Records, leads the list since Friday, September 2 and, at the close of this article, remains at the top. It is good to clarify that these listings are updated regularly, given the immensity of the music industry. The CEO of the bitcoin exchange and other cryptocurrencies Binance, Chanpeng Zhao, greeted on Twitter the positioning of the band’s NFT album, the ninth so far in the group’s musical career and which hit the market on August 26, 2022. “Not using cryptocurrencies is a significant handicap in the future,” Zhao mused in his post.
Will of the People, Muse’s NFT album, tops the UK charts. Source: Official Charts.
El NFT musical
As stated at the beginning, Muse’s “Will of the People” album is in an NFT format, which is easy to obtain. Total, 1,000 collectible album tokens have hit the crypto market since the release of the album and each cost £20, or about $24, on average. The tokens were offered on the NFT music marketplace, Serenade, but there are none left, because they were all sold, according to what the marketplace page itself shows. As bandleader Matt Bellamy pointed out to Variety, it is “interesting” that there is an NFT format for Muse’s new music production. “It is a potential way to create the concept of originality in something that cannot be duplicated in a digital format,” he said in an interview with that medium. “If people accept it and believe in it, then it could be something that could be good, I think more for, say, smaller artists who don’t really have another way to make a living, and for digital artists especially,” he said. . Muse’s musical NFT installment isn’t the first. In CriptoNoticias we have reviewed other examples of how this industry has permeated the crypto ecosystem. An example is the American band Kings Of Leon, which in the framework of their new album When You See Yourself, the group, also rock, raised USD 2 million from the auction of the NFT collection, which was offered on the OpenSea marketplace.