Breaking Barriers Of Entry For Artists With Web3

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NFTs are undoubtedly making waves in the art industry, just like the internet once did. And just like the internet, NFTs are opening up new opportunities for artists. Artists have often been criticized for being too reliant on a middleman or selling their work too early over the last few decades. 

NFTs, or non-fungible tokens, however, have given power back to the artist and allowed them to cut out the middleman. One musician who has used this technology to his benefit is Nas, a hip-hop artist, Grammy Award-winning rap legend, and entrepreneur. 

When Nas announced his First-Ever NFT Drop, it was only a matter of time until the collection sold out within minutes and made millions, with Nas keeping 100% of the capital. This event will only solidify his position as one of the most successful rappers in the industry.

The very first live sale of his NFTs was a tremendous success; over 1,800 non-fungible tokens were sold across two drops, both of which quickly sold out. Overall sales came to USD 560,000 and market value reached 270 ETH (USD 725,000+).

This is a huge win for artists, who previously had to rely on rather exploitative record labels and middlemen to make it big but can now keep more of their hard-earned money with them. 

Web3 is making it possible for artists to take control of their careers and their destinies. Thanks to blockchain technology and Web 3 capabilities, artists can connect directly with their fans and followers and build their careers on their terms while giving fans exclusive sneak peeks and the opportunity to own a piece of their art. 

What's more, with the power of the blockchain, artists can be sure