As a non-fungible token, music NFT platform OneOf will auction off an unreleased recording of a Whitney Houston song. Dian Sinclair’s artwork and rare photos from the singer’s early career will also be included in the collection.
According to media reports, American singer and actress Whitney Houston’s work will be recognized as an NFT. OneOf, a “eco-conscious NFT platform built specifically for the music vertical” backed by legendary producer Quincy Jones, will create the NFT collection.
Houston recorded a song at the age of 17 that was never released as part of the NFT collection. It will be available for purchase during Miami Art Week, which begins on December 1. It’s yet another musician utilizing the power of NFTs to provide fans with access to previously unreleased songs.
Rare archival photos of Houston from her early career will also be available to those in the gold and platinum tiers. The Diamond tier will also include artwork by Diana Sinclair based on music videos for “The Greatest Love of All” and “I Will Always Love You.”
Houston’s NFT is only the first of many such NFTs that OneOf plans to release. The platform’s goal is to list thousands of affordable NFTs at fixed prices, allowing more fans to hold onto these valuable assets.
The platform is now accepting registrations, and the gold tier pre-sale is currently underway. The other tiers will go on sale on November 30.
The arrival of such a big name in the NFT space is a huge boost for the NFT market, which needed little help to break into the mainstream in the first place. NFTs have quickly spread across multiple industries, assisting brands and creators in tapping into IP and engaging with their audiences.
The NFT sector is attracting creators, but there are challenges.
The film and music industries are among those with a strong interest in using NFTs. Eminem, Grimes, and The Weeknd are among the musicians who have already used the technology.
Quentin Tarantino, the acclaimed director of Pulp Fiction, Reservoir Dogs, and Kill Bill, is also collaborating with NFTs. The director announced that he would be releasing NFTs based on scenes from Pulp Fiction, which was met with enthusiasm by moviegoers.
However, Tarantino is now being sued by movie studio Miramax for the sale of the NFT collections. On November 16, the company filed a complaint alleging that the sale violated intellectual property rights. As NFTs become more popular, such challenges are only going to become more prevalent.
Many creators are using technology to raise funds and raise awareness, but this is likely to irritate other stakeholders. So far, the lawsuit against Tarantino is the most serious of these incidents, but it may soon be joined by a slew of others. Not everything is bad, however, because Anthony Hopkins’ next film, “Zero Contact,” will be released as an NFT.