OneOf is a green $63M funded music NFT platform for the rest of us
Whitney Houston, Doja Cat, Quincy Jones, John Legend, TLC, Charlie Puth, Jacob Collier, G-Eazy, Alesso H.E.R. AURORA, and The Kid LAROI are among the artists set to release NFTs on the raw OneOf platform . While ace names and $ 63 million in source fund will bring care to OneOf, its real number electric potential lies in plans to break down the barriers that prevent most artists from launching NFTs and most fans from buying them.
By creating a market built on the well-established Tezos blockchain protocol to track ownership and transactions while pricing their NFTs in US dollars and early traditional currencies rather than cryptocurrency, OneOf simplifies possession and sidesteps most of the usual environmental issues while calm keeping master in the hands of the godhead. The Tezos blockchain uses over 2 million times less energy than other networks such as Ethereum and requires the lapp energy as sending out a tweet. OneOf will besides donate a percentage of its platform gross from every sale to either a jacob’s ladder of the artist ’ s choice. Fans can transact with regular accredit and debit cards in over 135 currencies, in addition to top cryptocurrencies and stablecoins.
No-Cost Minting, Fan-Friendly Options & An Emerging Artist Program
OneOf will besides offer no-cost mint for artists launching NFTs on its platform. Unlike Ethereum, which can be upwards of $ 150 per NFT to mint, artists can then create NFTs on OneOf at low-cost prices accessible to all fans, in addition to headline-making “ OneOf One ” collectibles.
Million-dollar auctions dominate NFT headlines, but platforms like the National Basketball Associations Top Shot have attracted tens of thousands of fans with NFTs like collectible digital trading cards priced adenine abject as $ 9. OneOf is besides launching an Emerging Artist Spotlight Program to champion new voices through fiscal and market commitments. initial artists include Barbara Doza, Laura Mvula, and Erick The Architect with more to be announced soon.
OneOf was co-founded by technical school entrepreneur Lin Dai, digital media executive J oshua James, and music industry veteran Adam Fell, in partnership with Quincy Jones and Quincy Jones Productions. The company recently completed a $ 63 million seeded player round from investors including VC and environmental activist Bill Tai, founder of East West Ventures and co-founder of 88rising Jaeson Ma, and Suna Said of Nima Capital, participated by ESG fund Sangha Capital, Jack Herrick, Tezos Foundation, and others. “ Blockchain has the ability to democratize possession and bring economic authorization to both artists and fans, ” says Lin Dai, CEO and co-founder of OneOf. “ We are building a technology company with an artist-first ethos and eco-conscious deputation to help introduce hundreds of millions of non-crypto native users to blockchain through slowly and stimulate habit cases such as NFTs. ”
“ Blockchain is a revolutionary technology that will redefine the relationship between consumers, artists, and industries, “ says Bill Tai, one of the earliest investors in Zoom, Dapper Labs, Canva, Wish.com, Treasure Data and more. “ OneOf is reshaping NFTs for music how NBA Top Shot reshaped NFTs for sports, and it ’ s alone the tip of the crisphead lettuce on what OneOf ’ s technology can do for the music industry and beyond. ” Sign up at OneOf.com to learn more when their first NFTs launch next month. plowshare on :