Grammy nominated tremendous producer staff ‘Cool and Dre’, and developer Peter Parente have launched their newest challenge, GreedSwap ($GREED) – one which has a variety of eyes prepared and questioning: what’s happening 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 way in which music is purchased and bought to the world.
Chess Over Checkers: The Deal And The Plan
In line with a recent press release, GreedSwap, also referred to 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 checklist of sturdy initiatives taken on by the Cardano staff. With 2,300 sensible contracts on the point of launch, ADA seems to have an enormous 12 months wanting ahead.
For many who have been watching this blockchain and the broader marketplace for a while, you possible perceive how essential every new partnership and challenge might 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 usually. $GREED not solely supplies a sport altering issue for the music business, however it additionally supplies one thing for traders, with a deep ecosystem. That ecosystem will embody farms, staking swimming pools, a multichain NFT Market, and a serious Metaverse construct in Decentraland that can embody NFT wearables, driveables and NFT keys. These keys offers you VIP entry to sure areas in GreedSwap’s digital world that may even embody a Greed Music studio the place you may watch your favourite musicians and recording artists create music, whereas additionally having the ability to watch them stream stay concert events.
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This information will hopefully present a brand new take a look at how music can now be shared to the world, enable the power to attach artists with followers at a brand new stage, and likewise have interaction shoppers by way of crypto. Artist and musicians have already taken a likes to the NFT world by collaborating and doing unique tracks and albums. Large names in hip-hop particularly, corresponding to Curren$y, have gotten concerned (Curren$y launched an unique NFT challenge titled ‘Monetary District’, and he received’t be the final to do that as many artist have taken this method fairly severely).
Different artists, like DJ Premiere have gotten concerned with NFTs and crypto as effectively. The power to cross promote on a lot of completely different ranges past music makes it simpler for GreedSwap to get its identify round to the crypto world.
Hopefully it sticks, and all of us can see what this firm can do to impression a brand new technology of music.