Grimes Made More Money With NFTs Than in Her Entire Music Career: Wired
Grimes’ massive guess on non-fungible tokens (NFTs) in 2021 turned out to be considered one of her largest sources of revenue.
In a latest interview with know-how journal Wired, the musician and producer was requested if she made extra money off of NFTs than she has throughout her whole music profession. She responded with a easy “yeah.”
Throughout the hype cycle of 2021, Grimes bought her “Warfare Nymph” NFTs on platform Nifty Gateway, incomes roughly $6 million in income. The gathering featured a collection of digital artworks set to her music, in addition to a one-of-one music video that bought for nearly $400,000.
NFTs have taken a backseat in popular culture, as their buying and selling quantity has fallen almost 50% for the reason that starting of the yr. Nonetheless, Grimes informed Wired that she’s hopeful they’ll return to assist artists earn earnings on their work.
“I’m unhappy about what occurred to NFTs and crypto, as a result of it obtained polluted quick with folks attempting to make as a lot cash as doable,” Grimes informed Wired. “However I do wish to take into consideration compensating artists, particularly digital artists. And I hope when the aggro area of interest dies down, we are able to come again.”
Past simply NFTs, Grimes is bullish on Web3. In October 2021, Grimes, artist Lil Nas X and influencer Bella Poarch contributed movies to social media platform TikTok’s “High Moments” NFT assortment. In March 2022, she spoke on the Avalanche Summit explaining her plans to create a metaverse youngsters’s guide with help from Web3 synthetic intelligence (AI) platform OP3N and Avalanche’s $100 million fund to gasoline growth on the community.
She’s additionally bullish on AI usually, and invited followers to make use of an AI model of her voice to make new music, providing a 50/50 cut up on any royalties and was impressed by the work produced from the experiment.
