Grammy nominated tremendous producer crew ‘Cool and Dre’, and developer Peter Parente have launched their newest venture, GreedSwap ($GREED) – one which has lots 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 best way music is purchased and offered to the world.
Chess Over Checkers: The Deal And The Plan
In response to a current press launch, GreedSwap, also called the $GREED venture, 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 record of sturdy tasks taken on by the Cardano crew. With 2,300 sensible contracts on the brink of launch, ADA seems to be to have an enormous 12 months trying ahead.
For many who have been watching this blockchain and the broader marketplace for a while, you probably perceive how vital every new partnership and venture will 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 vital participant for Cardano is its versatility, depth and broader ceiling as an organization usually. $GREED not solely supplies a recreation altering issue for the music business, nevertheless it additionally supplies one thing for traders, with a deep ecosystem. That ecosystem will embrace farms, staking swimming pools, a multichain NFT Market, and a significant Metaverse construct in Decentraland that can embrace NFT wearables, driveables and NFT keys. These keys will provide you with VIP entry to sure areas in GreedSwap’s digital world that may also embrace a Greed Music studio the place you may watch your favourite musicians and recording artists create music, whereas additionally with the ability to watch them stream reside concert events.
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This information will hopefully present a brand new take a look at how music can now be shared to the world, permit the power to attach artists with followers at a brand new degree, and likewise interact shoppers by way of crypto. Artist and musicians have already taken a likes to the NFT world by collaborating and doing unique tracks and albums. Huge names in hip-hop particularly, equivalent to Curren$y, have gotten concerned (Curren$y launched an unique NFT venture 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 quite a lot of completely different ranges past music makes it simpler for GreedSwap to get its title round to the crypto world.
Hopefully it sticks, and all of us can see what this firm can do to influence a brand new technology of music.