Popular Canadian producer and musician Joel Thomas Zimmerman, aka Deadmau5, and blockchainblockchain platform Worldwide Asset eXchange (WAX) have announced the sale of a limited series of non-fungible tokens (NFTs) based on the artist’s work.
💿 THIS WEDNESDAY: The legendary dance artist @deadmau5 will release his first series of digital #collectibles on the WAX #Blockchain, and they look AMAZING!
“This series from deadmau5 is the first set of digital collectibles under the new brand name RAREZ and includes rare and authentic digital collectibles for the emerging virtual music industry. Because NFTs trade on the blockchain, each deadmau5 collectible is 100% verifiable as authentic,” said the release.
The sale of RAREZ will open at 5 pm UTC on December 16.
As Decrypt has explained, unlike “common” crypto tokens, NFTs contain identifying information recorded in their smart contracts. This data makes each NFT different and unique—and that is what makes them not interchangeable and scarce.
Deadmau5’s collection will be offered in form of two limited sets of packs, “Standard” (4,000 available in total) for $9.99 and “Mega” (2,000) for $28.49, each containing 10 or 30 digital items, respectively. Thus, a total of roughly $96,940 worth of packs will be put on sale.
Inside the packs, users will find an assortment of random NFTs—from “Common” to “Very Rare”—such as stickers and pins as well as black, silver, and gold Deadmau5-themed cards.
When most people think about non-fungible tokens (NFTs)—cryptocurrency tokens that are provably unique—they conjure up images of virtual trading cards and digital art marketplaces. But it turns out that there’s a lot more to the frothy financial asset than that.
The NFT market blew up this summer and trading volume surged 57%, pushing the worth of the industry to about $100 million. Now, devs are feverishly designing platforms that use NFTs in innovative and surprising ways.
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“The special edition collectibles feature creative content from deadmau5’s recent shows as well as video clips, his collectible pins plus an ‘UltraRare’ piece of collaborative artwork by renowned 3D designer Sutu Eats Flies, who has previously worked with The Weeknd, John Legend, Pnau, Safia and many others,” WAX explained.
The company added that Deadmau5’s packs will be available for purchase for both fiat and cryptocurrencies. Buyers will then be able to trade them with others or showcase their collections on various WAX marketplaces and social media.
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