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 occurring and what’s subsequent? It was solely a matter of time earlier than music and the vastly rising cryptocurrency market got here collectively to alter the best way music is purchased and offered to the world.
Chess Over Checkers: The Deal And The Plan
In keeping with a current press launch, GreedSwap, often known as 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 listing of robust tasks taken on by the Cardano workforce. With 2,300 sensible contracts on the point of launch, ADA seems to have an enormous yr trying ahead.
For many who have been watching this blockchain and the broader marketplace for a while, you probably perceive how essential every new partnership and challenge could 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 essential participant for Cardano is its versatility, depth and broader ceiling as an organization normally. $GREED not solely gives a recreation altering issue for the music business, but it surely additionally gives one thing for traders, with a deep ecosystem. That ecosystem will embody farms, staking swimming pools, a multichain NFT Market, and a significant Metaverse construct in Decentraland that can embody NFT wearables, driveables and NFT keys. These keys provides you with VIP entry to sure areas in GreedSwap’s digital world that may also embody a Greed Music studio the place you may watch your favourite musicians and recording artists create music, whereas additionally having the ability to watch them stream reside live shows.
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This information will hopefully present a brand new take a look at how music can now be shared to the world, enable the power to attach artists with followers at a brand new stage, and likewise have interaction customers through crypto. Artist and musicians have already taken a likes to the NFT world by collaborating and doing unique tracks and albums. Massive names in hip-hop particularly, reminiscent of Curren$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 critically).
Different artists, like DJ Premiere have gotten concerned with NFTs and crypto as effectively. The flexibility to cross promote on quite a few completely different ranges past music makes it simpler for GreedSwap to get its title round to the crypto world.
Hopefully it sticks, and all of us can see what this firm can do to impression a brand new era of music.