Celo Foundation and Celosphere launch new music NFT collection

Celia Inside has launched a new music NFT collection on Celosphere, marking a significant moment for the platform. 

The launch and collection include 1,000 NFTs, priced at 3 CELO (CELO) each, 500 of which feature the original track and 500 of which showcase a remix. 

These NFTs are among the first music NFTs available on Celosphere, making this launch notable in the platform’s history.

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

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

This release comes as the NFT market experienced a 23.4% jump in sales between Aug. 19 and 24 to settle at just under $100 million in total sales. The uptick in activity was accompanied by a nearly 43% increase in NFT buyers, totaling 468,822, and a 41% rise in sellers, reaching 223,433.

NFT traders are showing a growing interest in blue-chip collections and emerging projects.

Details of the NFT drop

The drop, titled “iridescent wave: remix party,” features two versions of the track “Show You How.” The original song, an upbeat dance anthem, is paired with a remix by Venezuelan-American drag performer saltï, who won a remix contest organized in June during Pride Month.

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