NFTs Are Revolutionizing the Music and Entertainment Industry

© Reuters. NFTs Are Revolutionizing the Music and Entertainment Industry

• German rap stars CRO, Bausa, and his label, Two Sides, have invested in NFT platform FUEL.
• Creators can manage and operate their NFT store without prior knowledge.
• NFT drops with other very well-known creators are already in the works.

German rap stars CRO, Bausa, and his label, Two Sides, have invested in the NFT platform FUEL.

This news follows FUEL’s pre-seen financing round in March to develop its platform, which enables creators to build, manage and operate their very own NFT store without any prior knowledge on how to do so. Now creators can have full control over their external presentation, and they can operate independently from platforms like OpenSea.

FUEL now has full access to the music and entertainment industry with its new investors. CRO alone has multiple number 1 single placements and is listened to by close to 5 million people on Spotify (NYSE:SPOT) every month.

Some other well-known people who have already invested in FUEL include Gumtree co-founder Michale Pennington and Bitcamp CEO David Osojnik, to name a few.

FUEL co-founders Csongor Barasi and Thanh Binh Tran believe that NFTs will be great for the music industry as they stated that “NFTs are revolutionizing the music, arts and entertainment industries, delivering real added value and strengthening the connection between artists and their fans.”

Two Sides label boss, Buasa added to this when he said, “it is important that the music industry evolves. With NFTs and FUEL’s model, we have the chance to make that happen.”

FUEL was founded in Berlin in 2021 by Csongor Barabasi, Thanh Binh. Stefan Tieze and Patrice Deckert and aims to bring NFTs into the mainstream. This will make them much more accessible to millions of creators and their fans.

In other news, NFT drops with other very well-known creators like Tube&Berger are already in the works. Meanwhile, OpenSea’s top NFTs list still features Otherdeed for Otherside at the first spot.

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