Quincy Jones Is Backing an Eco-Pleasant, Populist NFT Platform

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OneOf—a brand new non-fungible token platform for musicians—introduced right now that it’s partnering with Quincy Jones Productions to launch an environmentally conscientious crypto-product that can also be priced to promote to on a regular basis people slightly than mogul-type collectors, and a slew of artists are already onboard.

Doja Cat, John Legend, H.E.R., Jacob Collier, and the Child Laroi are among the many first supporters, whereas Charlie Puth, G-Simple, TLC, Alesso, Aurora, and the property of Whitney Houston all have releases forthcoming with the brand new platform, Selection reviews.

Co-founded by Lin Dai, Joshua James, and president Adam Fell, an early investor in Uber and Spotify, the group claims that OneOf is completely different than most NFTs and  cryptocurrencies which have come earlier than as a result of it doesn’t take an earth-killing quantity of vitality to course of.

In an announcement Tuesday, the corporate—which has $63 million in launch funding— promised that its Tezos blockchain protocol mints NFTs utilizing “2 million instances much less vitality than different networks like Ethereum” and “requires the identical vitality as sending out a tweet.”

Apart from being environmentally sound, the founders are additionally banking on a extra quick profit, in that OneOf’s NFTs are anticipated to be grime low-cost with a value as little as $5 to nothing in any respect.

“Blockchain has the flexibility to democratize possession and convey financial empowerment to each artists and followers,” investor Stated Dai mentioned within the assertion. “We’re constructing a know-how firm with an artist-first ethos and eco-conscious mission to assist introduce a whole bunch of thousands and thousands of non-crypto native customers to blockchain by way of straightforward and thrilling use circumstances reminiscent of NFTs.”

Doja Cat introduced her enthusiasm in a launch of her personal, saying, “I can’t wait to launch my first Juicy Drops assortment. Nevertheless, I need to be aware of environmental issues and accessibility to all of my followers earlier than we go stay. Joyful to now be working with OneOf, who’s addressing each of those points.”

OneOf says it is going to be donating a portion of its NFT gross sales to the environmental charities chosen by the artists.


RELATED: Pondering of Shopping for or Minting an NFT? Right here’s What You Must Know


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