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The Grammys Transform Hidden Assets into the NFT World
Thai Rath Edition
26 Dec 2021 5:15 a.m.
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GMM Grammys bring hidden assets (Hidden Assets) out to make money, convert them into Non-Fungible Token (NFT) for collectors. Music fans buy it as a digital asset.
whether it is an artist card
Exclusive music video clip of dance practice, the artist's first Tweet message, shirts or special occasion items.
or even the first copy of the legendary artist's sheet music.
The last curve at the end of the year
GMM Grammy GMM Grammy has gradually announced its partnership with four digital asset trading platforms: Bitkub, Coral, East NFT and Zipmex, using different product distribution strategies for each platform. Start trading in Jan. 2022
Phawit Chitakorn, Chief Executive Officer of GMM Music, revealed that the emergence of NFT is going to transform creative industries around the world.
It's a new opportunity to add value and generate income from trading with limitless pieces.
Easily accessible in the digital world
And is another choice for people who love and admire artists in the music industry.
in the world of digital assets
In addition to cryptocurrencies
Another equally trending asset is the Non-Fungible Token (NFT), which has attracted a lot of interest among artists and collectors.
Whether it's art, music, games, fashion, etc.
GMM Grammys have been studying Music NFT for quite some time.
Because there are many hidden assets or hidden assets, converting them to digital assets in the form of NFT will help expand the business.
add value
And share a piece of art or a story (Story) that GMM Grammy and artists in the camp created.
To the possession of fans who like and want to invest
However, the need to create the country's largest MUSIC NFT market this time
It's not about building your own platform, but working with partners.
It also does not include the licensing of physical (Physical) work and commercial redistribution.
The goal is to acquire the piece in digital form.
And it is a cumulative purchase or may be resold for speculation in the future.
GMM Grammy's MUSIC NFT will be divided into 4 tiers, sold separately for each platform:
1.Special Collection-For the target group who are just beginning to enter the world of MUSIC NFT, products in this group will focus on Mass, easy accessibility, affordable price such as artist card sets. This may limit the number of copies released.
2.Rare Collection-This group is a limited item and is an Unseen Item, which will be divided into 2 parts: Limited Item and Limited Movement, such as video clips of artists while preparing for concerts.
3. Epic Collection - a group of products that are not reproduced for a special time. that represent valuable memories that fans can access and possess, such as the shirts the superstar artists used for their first concerts
4.Legendary Collection-It is the products and works of legendary artists of the country whose history is rare, some pieces are the history of the music industry that has only one piece in the world, such as the notes and lyrics of songs that artists of the level The legend is written in your own handwriting.
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