The first music album in Vietnam released using NFT technology

Dagora multichain NFT marketplace built and developed by Blockchain startup Ninety Eight in Ho Chi Minh City has announced a partnership with rapper Pjpo, becoming a strategic sponsor for the release of "131km", the first NFT album in Vietnam.

Dagora and rapper Pjpo join forces with Ninety Eight to release NFT album

This is an important milestone, marking the journey of expanding NFT applications into the music industry. Accordingly, each NFT has a unique identifier that cannot be copied or replaced, helping to confirm the ownership and authenticity of the data. Based on NFT technology, artists can release unique or limited versions of musical works, thereby pricing them based on rarity and fans' demand for music.

This is a tool that helps artists increase their direct income, while also benefiting from secondary transactions through creator fees. This technology promises to be a bridge between artists and the digital music community – modern audiences who are willing to invest in creative value.

Around the world , many famous artists have applied NFT technology to music albums, including Snoop Dogg who released an NFT album called BODR. This album is divided into 17 tracks in NFT format. Snoop Dogg's NFT album sale brought in huge revenue, around 44.3 million USD at that time.

Albums as NFTs are one of the new music listening experiences on Web3. Users not only enjoy music but also actually own a part of the artist's creative journey.

This trend promises to reshape the way fans enjoy music and interact with their favorite artists. With NFT albums, fans have the opportunity to own exclusive, limited-edition digital versions of music, guaranteed by a unique identifier on the blockchain.

Fans can also participate in activities in the artist's creative journey through accompanying benefits such as event tickets and special items exclusively for NFT owners.

“Dagora believes that NFTs are not just technology but a new way of storytelling, a new way of building communities, where artists have full control over their work and fans truly own the value they love,” shared a Dagora representative.

KIM THANH

Source: https://www.sggp.org.vn/album-am-nhac-dau-tien-tai-viet-nam-duoc-phat-hanh-bang-cong-nghe-nft-post797952.html