Music collection at NFT: OneOf marketplace received over 60 million to promote the project
The Tezos blockchain has launched a new musician-focused market for NFT cryptocurrency collectibles that will house the works of many famous artists such as John Legend, Quincy Jones, Dodge Cat and Whitney Houston.
The OneOf NFT marketplace was founded in partnership with Quincy Jones and Quincy Jones Productions and will launch in June with credit and debit card support in over 135 fiat currencies, cryptocurrencies and stablecoins.
OneOf raised $63 million for this project and will be based on the Tezos blockchain with proof of ownership.
Tezos relies on a Proof-of-Stake model that does not require mining, which means that the entire network requires significantly less power than Ethereum or Bitcoin.
Marketplace OneOf will not charge artists fees for minting coins and will allow them to release NFTs at low prices, possibly even free collectibles.
In addition, the site intends to donate part of the proceeds either to a charitable organization chosen by each artist, or to an “environmental partner”. And to introduce lesser-known musicians to potential new fans, the platform will also work with the Emerging Artist Spotlight Program.