Musician M.I.A. Is Getting In on NFTs: ‘Visually, It’s a Mind F*ck’

Apr 5, 2021 | Decrypt News | 0 comments

musician-mia.-is-getting-in-on-nfts:-‘visually,-it’s-a-mind-f*ck’

The musician and visual artist M.I.A. has announced an NFT auction, coming this Thursday on Foundation.

The piece is called “GIFTY 1,” part of a collection called NFT GARAGE DANCE. She’s also planning a follow-up, titled “KALA COYN.”

NFTs are non-fungible tokens—specialized units of cryptocurrency that can be attached to files (typically GIFs and JPEGs) and sold online through dedicated marketplaces. (Foundation is one such platform.)

The market for these digital collectibles has exploded over the past few months, with musicians like Grimes, Kings of Leon, Yaeji, Jacques Greene, Rico Nasty, and Toro Y Moi all releasing collections of visual art and music as NFTs. Aphex Twin released an NFT last month, also through Foundation, which sold for $136,000. Grimes’ collection sold for around $6 million, and Kings of Leon made over $2 million.

Bigger profits are being generated in the world of visual art; the digital artist Beeple sold an image file for $69 million.

Aphex Twin Hid a Mystery Date in his NFT

M.I.A. hasn’t released an album since 2016’s AIM, but was involved in the production of a 2018 documentary called Matangi/Maya/M.I.A. about her art and music. “KALA COYN” is a reference to M.I.A.’s 2007 album Kala, which was named after her mother.

“KALA COYN and the GARAGE DANCE series is a living, breathing, psycho-spectral canvas that crystalizes this moment in time for me,” said M.I.A. in a statement. “Visually, it’s a mind f*ck and embodies everything I’ve loved about the digital art arena. It’s only now that the appropriate gallery for my work finally exists.”

The bidding for “GIFTY 1” starts this Thursday, April 8, at 4pm Eastern.

News Source from Decrypt.co

Related Articles

MicroStrategy adds another $10 million in bitcoin to its holdings

MicroStrategy adds another $10 million in bitcoin to its holdings

MicroStrategy has made yet another addition to its growing stockpile of bitcoin. On Tuesday, the publicly traded company bought 229 BTC for $10 million at an average of roughly $44,000 per BTC, according to an 8-K form filed with the Securities and Exchange...

Altcoins notch double-digit gains even as Bitcoin price falls to $42,500

Altcoins notch double-digit gains even as Bitcoin price falls to $42,500

Altcoins took the reins and galloped higher, while bulls appear to be losing the battle to hold Bitcoin's price above $43,000. On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted...

Pin It on Pinterest

Share This