Rock band Kings of Leon to release NFT album

The American rock band Kings of Leon plans to release their eighth studio album, “When You See Yourself,” as a non-fungible token (NFT). Rolling Stone reports.

The record will be issued on March 5 on the YellowHeart blockchain platform in three editions. The first edition will include the digital album, its animated cover, and a vinyl LP. The second edition also includes a concert ticket, lifetime front-row seats, and a personal-assistant service for the show period.

The third edition will be limited to 18 copies. Six will go to auction, and the remainder will be kept in storage in the hope that the limited-supply tokens will appreciate over time.

For a limited period, fans will be able to pay what they deem appropriate. After the auction ends, the limited NFTs will become collectible versions of the album.

In early February, actress Lindsay Lohan sold a non-fungible token for $70,000. The popular meme GIF Nyan Cat went under the hammer for 300 ETH.

In early March, Canadian singer Grimes sold a collection of NFTs for $6 million.

NFT as a new class of virtual assets: first look (part one)

Charlie Lee, the creator of Litecoin, compared the popularity of non-fungible tokens to the ICO boom of 2017 and the altcoin craze of 2013. Earlier he predicted the collapse of NFTs due to the ‘zero cost of creating them’.

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