Jay Chou, one of many best-selling musical artists in China, has introduced that he can be auctioning off one in all his basic songs as an NFT. Chou additionally reveals that he has a number of NFT collaborations lined up for 2022. The artists’ earlier NFT challenge, the PhantaBears not too long ago rose to first in world NFT gross sales rating on OpenSea, surpassing the favored Bored Apes Yacht Membership (BAYC).
China’s most well-known musician Jay Chou to launch a number of NFT tasks by 2022
Chinese language music legend, Jay Chou, introduced through Instagram that he can be auctioning off his basic track DEMO as an NFT. The public sale can be carried out internationally by his file label, JVR Music Label.
The Taiwanese singer additionally provides that he’s engaged on a number of extra NFT tasks alongside a brand new music album. One in every of these tasks will see his very extremely profitable NFT challenge, the PhantaBears, be launched in digital actuality (VR) format in keeping with his announcement.
The PhantaBears NFTs, which was launched on the primary of January, shortly rose in recognition as all the assortment of 10,000 items offered out in a couple of hours. Just a few days later, the buying and selling quantity of the gathering had reached 17,194.22 ETH (US$53.6 million), leaping 462.66% in every week. This positioned it above BAYC in world buying and selling quantity rating on OpenSea.
NFT Dominance rises in Asia whereas Cryptocurrencies take the again seat
The success of Chou’s NFT assortment is no surprise because the Chinese language market has been exhibiting a robust liking for digital property. The nation, whereas being hostile to cryptocurrencies, has demonstrated a tender spot for NFTs and plans to manage it individually. The Chinese language authorities will even be backing NFT growth in keeping with studies.
Different Asian nations together with the Philippines, Thailand, and Singapore are additionally adopting NFTs quickly. A report said that Southeast Asia noticed the best world adoption of NFTs in 2021. In response to their knowledge, the Philippines has probably the most NFT homeowners (32%) out of the 20 nations in contrast, adopted by Thailand (27%), Malaysia (24%), the UAE (23%), and Vietnam (17%).