The future is now. Or at least, the future is June.
That’s when Beatport, the electronic music store for DJs, producers and dance fans, will start accepting payments in Bitcoin in addition to dollars. This development will make the online store the first major digital music retailer to accept Bitcoin, which currently trade for more than $55,000 apiece.
And you guessed it, NFTs are also involved. On April 23 the platform will launch a non-fungible token called Music for Future Dance Floors, a 10-track compilation featuring contributions from Boys Noize, Charlotte de Witte, Sama’ Abdulhadi and Sasha.
A partnership with the Hong Kong-based payment and cryptocurrency platform crypto.com, the project will also include contributions from the digital artist Leif Podhajsky, who in a press release notes that NFTs have”breathed new life into what it means to create artwork and collect music in the modern age.”
“It’s clear that, even in the midst of a pandemic,” Beatport’s CEO Robb McDaniels says in a statement “the DJ/Producer community is willing to lead the industry towards embracing new technology and innovative mediums for engaging with their fans, and the world of crypto currencies and non-fungible tokens are a clear example of this fact.”