Fun

Universal Music Group Partners With Curio — Entertainment Giant Plans to Use NFT Platform for Labels, Recording Artists

News Feed - 2022-02-18 04:02:41

Universal Music Group Partners With Curio — Entertainment Giant Plans to Use NFT Platform for Labels, Recording Artists


The multinational music corporation  Universal Music Group (UMG) announced the company has partnered with the non-fungible token (NFT) platform Curio on Thursday. UMG says Curio will be a “dedicated global outlet for future officially licensed NFT projects” for the company’s labels and recording artists worldwide. Curio Platform Will Be Universal Music Group’s Dedicated Global Outlet for NFTs


Following the UMG’s non-fungible token (NFT) metaverse music group project featuring four Bored Ape Yacht Club (BAYC) NFTs, the music-based entertainment company has revealed a new partnership with the NFT company Curio NFT. The NFT marketplace platform Curio launched in 2020 and has issued more than 75,000 NFTs to date.


According to UMG’s announcement, Curio will be used to bolster “future NFT projects from its unrivaled roster of global artists and labels, providing greater scalability and flexibility to issue authentic fan-orientated collectibles, carefully curated for each project.”


Universal Music Group is a well known firm with roots in music stretching all the way back to 1934. In 1996, UMG’s parent company officially became known as Universal Studios, Inc., and the music division of the multinational corporation was dubbed: Universal Music Group.


UMG has a wide array of recording artists worldwide including Sting, Taylor Swift, Billie Eilish, Lil Wayne, Adele, Rihanna, Mariah Carey, Jay-Z, Coldplay, and more. Michael Nash, UMG’s executive vice president of the firm’s digital strategy unit said that NFTs are a great way to interact with a recording artist’s fans.


“UMG and our labels are focused on developing NFT projects that authentically engage and speak to our artists’ fanbases and new audiences,” Nash said in a statement. “With Curio, our labels will have a secure and dedicated platform to host these premium projects and provide new opportunities for collectors and fans from around the world to acquire unique pieces, inspired by their favorite artists and labels,” the UMG executive added.


Nash further noted that Web3 is on UMG’s radar and stated: UMG is focused on developing new opportunities in this space that place our artists and labels at the forefront, working to ensure that the evolution of Web3 provides exciting new avenues for their creativity. Curio’s Co-Founder Says UMG’s Huge Catalog Has ‘Unlimited Opportunity to Deliver Value to Fans Across the Globe’


The non-fungible token (NFT) ecosystem has become a billion-dollar industry very quickly and UMG follows many well known brands that have entered the space. The list of NFT industry participants includes firms such as Coca-Cola, Pepsi-Cola, Budweiser, Adidas, Arizona Iced Tea, Rolling Stone, Topps, Major League Baseball (MLB), Nike, Gannett News, Coachella Festival, Konami, Ubisoft, and more.


One recording artist that has already worked with Curio NFT is System of a Down’s (SoaD) lead vocalist, Serj Tankian. Bitcoin.com News spoke with Tankian about his NFT collection and working with Curio on his exhibition.


In regard to the partnership with UMG, Curio’s co-founder Ben Arnon said the firm looks forward to working with UMG “in the NFT and Web3 space.” “UMG has a huge catalog with unlimited opportunity to deliver value to fans across the globe,” Arnon remarked during the announcement. Tags in this story Adele, Adidas, Arizona Iced Tea, Ben Arnon, Billie Eilish, Budweiser, Coca-Cola, Coldplay, Curio’s co-founder, Jay Z, labels, Lil Wayne, mariah carey, Michael Nash, nft, NFT and Web3 space, NFTs, Non-fungible Token, Pepsi Cola, recording artists, Rihanna, Rolling Stone, Serj Tankian, sting, Taylor Swift, Topps, UMG, Universal Music Group, Web3


What do you think about  Universal Music Group partnering with Curio NFT? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Red Bull Racing Partners With Bybit, F1 Team Says It"s the "Largest per Annum Crypto Sports Deal to Date" NEWS | 2 days ago US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims "Big Crypto Companies Are Desperate" NEWS | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSpellfire: Crypto Project Older Than Crypto Starts a ‘10 Days Growth’ Sprint Next articleCrypto Inu – the News Shiba Inu of 2020, Introduces a DeFi Deflationary Token Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItIndia Won"t Legalize or Ban Crypto at This Stage, Finance Minister Confirms


India"s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that ... read more.McDonald’s Trademark Filings Hint at Fast Food Giant"s Intent to Produce Metaverse Restaurants Global Regulators "Going Full Steam" on Crypto — Official Says "Current Structure Is No Longer Fit for the Purpose" Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks City of Miami Gets $5.25M Disbursement From Miamicoin as MIA Flounders 88% Lower Than Price High

News Feed

Bitcoin bull Cathie Wood: ARK Invest BTC price target 'well above' $1M
William Suberg9 hours agoBitcoin bull Cathie Wood: ARK Invest BTC price target "well above" $1MARK has "brought forward" its expectations for where Bitcoin will be by 2030, as BTC price strength sees another al
Vitalik Buterin proposes Ethereum gas model overhaul
Prashant Jha12 hours agoVitalik Buterin proposes Ethereum gas model overhaulEthereum-based transactions currently have two gas fees: one for transaction execution and another for storing data.3185 Total views5 Total shar
Shiba Inu Bears Roar: Will SHIB Hit $0.00001272 Amid Market Sell-Off?
Este artículo también está disponible en español. Shiba Inuis under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attemp
OpenAI makes ChatGPT ‘less verbose,’ blurring writer-AI distinction
Amaka Nwaokocha1 hour agoOpenAI makes ChatGPT ‘less verbose,’ blurring writer-AI distinctionThe update could worsen the ongoing challenge of writers sounding like AI despite having written the articles themselves.370
Ripple backs Deaton with $1M donation in senate race against Warren: Law Decoded
Josh O"Sullivan4 hours agoRipple backs Deaton with $1M donation in senate race against Warren: Law DecodedRipple’s significant donation to Deaton highlights the growing influence of blockchain in politics amid SEC scru
Warner Bros to Launch Matrix NFT Avatars With Blue Pill and Red Pill Options
Warner Bros to Launch Matrix NFT Avatars With Blue Pill and Red Pill Options Warner Bros., the American multinational mass media and entertainment conglomerate has announced the la
Andreessen Horowitz Launches A16z Crypto Research Lab
Andreessen Horowitz Launches A16z Crypto Research Lab A16z, also known as Andreessen Horowitz, the venture capital (VC) company that has invested millions in crypto-related project
Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies
Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has re
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges Two days ago on November 30, the price of bitcoin (
Turner Wright4 hours agoMultiple spot crypto ETF applications go to Federal Register in step toward SEC approvalPublishing the ETF applications in the official journal of the U.S. government gives the SEC up to 240 days
Cardano Whales Buy The Dip – Metrics Show Increasing Demand
Este artículo también está disponible en español. Cardano (ADA) has captured investors’ attention after surging to multi-year highs at $1.15, marking an impressive 245%
OSCE Trains Uzbekistan Law Enforcement to Track and Seize Crypto, Search Dark Web
OSCE Trains Uzbekistan Law Enforcement to Track and Seize Crypto, Search Dark Web The Organization for Security and Co-operation in Europe (OSCE) has set out to teach law enforceme