Lindsay Lohan prepares to enter the NFT market with a new single entitled Lullaby
Lindsay Lohan said she is preparing to enter the NFT (non-replaceable token) market with a new single entitled Lullaby.
‘I’m about to launch my next single’ Lullaby ‘in a few hours as a #NFT fansforever.io‘, the 33-year-old actress and singer said on Instagram on Saturday.
The Mean Girls star said that ‘this is a genesis piece and history in the making!’ by adding the hashtags #firstever, #women and #letsgetit.
The latest: Lindsay Lohan said she is preparing to enter the NFT (non-replaceable token) market with a new single entitled Lullaby
She added a moving piece of art with a musical background to the post.
Lohan, who spoke with Friday Forbes, predicted that the latest currency trend will have a major impact in the entertainment industry. (NFTs allow buyers to own a digital property through a token on a blockchain.)
“It’s only a matter of time before everyone in Hollywood and beyond gets involved,” Lohan said. “Maybe we’ll see movies, and how artists get paid for their movies, music and art. I see a future where crypto, NFTs and blockchain will be the norm rather than the exception. ‘
The Canyons actress said the cryptocurrency will be an essential hub for the creative community.
The actress and singer took to Instagram on Saturday to announce her latest move
The Canyons actress, snapped in 2019, said the cryptocurrency will be an essential hub for the creative community
Lohan predicted that the latest currency trend will have a major impact in the entertainment industry
“Tokenization through NFTs can help content creators and musicians own the property rights to what they create, and enable them to benefit accordingly,” she said. “Gamers, for example, spend hundreds of dollars on games like Fortnite: Tokenization allows them to sell or trade their investment of time and money, and that’s something to be excited about in my opinion.”
The Sick Note star told the outlet she didn’t ‘have a deep understanding of how’ [cryptocurrency] worked ‘but has become a huge fan of the burgeoning movement.
“Most of us had heard the word bitcoin or the term blockchain, but there wasn’t much knowledge about it,” said the actress Confessions of a Teenage Drama Queen. As I started to learn more and became more involved, I quickly realized that my community could benefit from crypto and that I could inform and educate much of society that was not involved in the blockchain space. to make.’
She said tokenization will also improve current show business conditions when it comes to royalties, which she says is “ not the most seamless ” because “ there are multiple parties involved and a lot of moving parts.
‘With tokenization, the process is transferred to the blockchain in such a way that every time the art, music, film, etc. is used or shared, the artist automatically receives royalties. I think it’s a great way to bridge the gap between consumer and artist. ‘