The Weeknd will release a brand new song in the ‘NFT space’ in a nod to the blockchain revolution
He wowed audiences last month while headlining the Super Bowl Halftime Show.
And on Friday, The Weeknd tweeted news to its fans that a new song was coming ‘soon …’ via a trending delivery mechanism.
‘new song living in the NFT space. coming soon … ‘the artist, born Abel Makkonen Tesfaye, tweeted that afternoon.
Getting to Know the Tech Trends: On Friday, The Weeknd tweeted news to its fan base that a new song is ‘coming soon …’ via a new and trending delivery mechanism
NFT, which stands for ‘non-fungible token’, is an emerging market within blockchain where artists and celebrities sell their single-impression unique digital art and goods known as the ‘token’.
Stars from Ashton Kutcher to Grimes have taken advantage of NFT and sales from within the market have already amounted to millions.
The token is often an image, animation, song, or video in the form of a digital element that lives on a blockchain, and it can even be a tweet, photo, or screen capture.
‘new song living in the NFT space. coming soon … ‘the artist, born Abel Makkonen Tesfaye, tweeted that afternoon
The Weeknd, 31, will release the new, yet-to-be-titled track as his first music since last year’s critically acclaimed hit album After Hours.
The news comes after it was reported earlier in the week that the Blinding Lights crooner has boosted music industry revenues to $ 21 billion by 2020, despite a year of stoppage due to the ongoing pandemic.
Millions of homebound music fans contributed to a massive surge in subscription streaming last year, driving global recorded music sales growth of 7.4 percent, with stars like The Weeknd, BTS and Billie Eilish leading the way.
Seen here in 2015: The Weeknd, 31, will release the new, as-yet-untitled track as his first music since last year’s critically acclaimed hit album After Hours
The market reported total sales of $ 21.6 billion, marking its sixth consecutive year of growth, industry association IFPI said in its Global Music Report Tuesday.
In fact, the best-selling single of 2020 was The Weeknd’s Blinding Lights.
That was welcome news for the singer Often, who despite much praise and high streaming figures for After Hours did not receive a single nomination at this year’s controversial Grammy Awards.
Seen on this year’s Super Bowl Halftime Show: The news comes after it was reported earlier in the week that the oft-crooner has boosted music industry revenues to $ 21 billion by 2020