Celo Foundation and Celosphere launch new music NFT collection

Celia Inside has immortalized a significant moment for the platform by launching a new music NFT collection on Celosphere.

The launch and collection includes 1,000 NFTs priced at 3 CELO (CELO) each, 500 of which feature original tracks and 500 remix tracks.

These NFTs are among the first music NFTs to be offered on Celosphere, making this launch a significant one in the platform’s history.

Music NFTs, digital tokens that represent ownership of a specific track or album, are gaining momentum in the web3 space. They offer artists new ways to engage with fans and directly monetize their work.

These NFTs can represent anything from a single track to an entire album and offer exclusive ownership or access rights to the buyer.

This announcement comes as the NFT market saw a 23.4% jump in sales between August 19 and 24, reaching just under $100 million in total sales. The increase in activity was accompanied by a nearly 43% increase in NFT buyers, totaling 468,822, and a 41% increase in sellers, reaching 223,433.

NFT investors are increasingly interested in high-end collectibles and emerging projects.

Details of the NFT drop

Titled “Iridescent wave: remix party”, the album features two versions of “Show You How”. The original song, an upbeat dance anthem, is paired with a remix by Venezuelan-American drag artist saltï, who won a remix contest held during Pride Month in June.

Celia Inside is a web3 artist-producer active since 2021 and was selected as a finalist by Boys Club for the Celo Creators Fund. Her blog, “Iridescent wave”, highlights women and QPOC artists in the web3 scene.