Grammy nominated tremendous producer workforce ‘Cool and Dre’, and developer Peter Parente have launched their newest challenge, GreedSwap ($GREED) – one which has a number of eyes prepared and questioning: what’s happening and what’s subsequent? It was solely a matter of time earlier than music and the vastly rising cryptocurrency market got here collectively to vary the best way music is purchased and bought to the world.
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In line with a recent press release, GreedSwap, also called the $GREED challenge, introduced a brand new contract on one of many quickest and third largest rising cryptos, Cardano (ADA). This new blockchain will hopefully add worth to the rising record of sturdy tasks taken on by the Cardano workforce. With 2,300 good contracts on the point of launch, ADA appears to have an enormous 12 months trying ahead.
For individuals who have been watching this blockchain and the broader marketplace for a while, you probably perceive how vital every new partnership and challenge will be.
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ADA holding after reaching all time excessive the previous two weeks. | Supply: ADA-USD on TradingView.com
What makes GreedSwap a doubtlessly vital participant for Cardano is its versatility, depth and broader ceiling as an organization normally. $GREED not solely supplies a recreation altering issue for the music trade, however it additionally supplies one thing for buyers, with a deep ecosystem. That ecosystem will embrace farms, staking swimming pools, a multichain NFT Market, and a significant Metaverse construct in Decentraland that may embrace NFT wearables, driveables and NFT keys. These keys gives you VIP entry to sure areas in GreedSwap’s digital world that may also embrace a Greed Music studio the place you’ll be able to watch your favourite musicians and recording artists create music, whereas additionally having the ability to watch them stream dwell concert events.
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This information will hopefully present a brand new have a look at how music can now be shared to the world, permit the flexibility to attach artists with followers at a brand new stage, and in addition interact shoppers through crypto. Artist and musicians have already taken a likes to the NFT world by collaborating and doing unique tracks and albums. Large names in hip-hop particularly, resembling Curren$y, have gotten concerned (Curren$y launched an unique NFT challenge titled ‘Monetary District’, and he gained’t be the final to do that as many artist have taken this strategy fairly severely).
Different artists, like DJ Premiere have gotten concerned with NFTs and crypto as properly. The flexibility to cross promote on quite a lot of completely different ranges past music makes it simpler for GreedSwap to get its identify round to the crypto world.
Hopefully it sticks, and all of us can see what this firm can do to influence a brand new technology of music.
