Business
LiveXLive Media Launches Non-Fungible Tokens (NFT) Content Division Based On Its Global IP And Deep Roster Of Talent And Mega Events
Company Will Mint Key Moments from Concerts and Events as Standalone Collectible NFTs and Sell on All Major Digital Marketplaces "Best Of" Clips from the
About this update from Liveone, Inc.
[{"type":"text","content":"Company Will Mint Key Moments from Concerts and Events as Standalone Collectible NFTs and Sell on All Major Digital Marketplaces\n \"Best Of\" Clips from the World's Largest Online Music Festival, LiveXLive's 'Music Lives', Will Be Captured as NFTs\n Plans to Launch NFT \"Digital Playing Cards\" for Upcoming \"Social Gloves: Battle of the Platforms\" Mega Boxing and Entertainment Event Featuring the World's Biggest Social Media Stars from TikTok and YouTube\n Will Create and Sell NFTs with PodcastOne Network's Talent\n\n\nLOS ANGELES, March 26, 2021 /PRNewswire/ -- LiveXLive Media (Nasdaq: LIVX) (\"LiveXLive\"), a global platform for live-stream and on-demand audio, video, and podcast/vodcast content in music, comedy, and pop culture, and owner of PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions, announced today that it will launch NFTs (non-fungible tokens) and digital art content division that will focus solely on the creation, production, promotion, and selling of NFTs as part of LiveXLive's robust multi-faceted businesses that encompass original video content, pay-per-views, mega events, podcasting and vodcasting, merchandise and audio businesses. \n\n \n \n \n \n \n \n\n \nLiveXLive plans to collaborate with artists to create, promote and sell NFTsLiveXLive plans to collaborate with artists to create, promote and sell NFTs in the form of music, merchandise, photographs, tickets, posters and experiences. This is another avenue that LiveXLive has created to provide multiple revenue streams benefiting artists. Launching with 100 limited edition of the first ever NFT festival poster for Music Lives, LiveXLive's annual virtual music festival. \nNFTs, or non-fungible tokens, are a type of digital asset where ownership is recorded on a digital ledger blockchain. Each NFT is unique and can be viewed as a collectible that cannot be duplicated, making them singular and potentially valuable. NFTs can represent digital files, such as art, audio, videos, posters, album art and other forms of creative work. \n\"There is potentially significant value in building a dedicated business to support these new forms of digital assets from both a monetization and promotional perspective. Our events across music, pop-culture, gaming, pay-per-view, podcasting/vodcasting and audio align perfectly with the value proposi...