The Dallas Symphony Orchestra has embraced the blockchain revolution by adapting to the popular NFTs as a source of exploration in the cryptocurrency avenue.
By Juhi Mirza
Updated
2 mins read
Dallas Symphony Orchestra will be releasing one of their musical events in an NFT which will be available at NFT marketplace Rarible. The musical piece performed by the orchestra encapsulates the touching performance led by DSOs director Fabio Luis and MET orchestra musicians.
These NFTs will further be available for sale on Rarible, which is a marketplace that sells collectibles based on blockchain technology.
The Dallas Symphony Orchestra has embraced the blockchain revolution by adapting to the popular NFTs as a source of exploration in the cryptocurrency avenue. The DSO has created NFTs based on the rendition of Mahler that the orchestra had performed live in front of an audience in Morton H Meyerson Symphony Centre in Dallas
Rarible will be hosting a bidding phase for Dallas Symphony Centre NFTs and the starting offer for such tokens is priced at $50000. The tokens will consist of exclusive backstage footage along with a VIP experience at the 2022 reunion concert. The proceeds will be utilized for a noble cause that will help the MET orchestra musicians who have been severely affected by the global pandemic situation.
NFTs have globally acquired massive popularity due to their one-of-a-kind sole proprietorship concept that has been one of the reasons why the blockchain-inspired collectibles has become a regularity in generating decent revenue channels and income for artists all over the world.
The NFTs created by Dallas Symphony Orchestra will be available on Rarible, which is a digital platform that offers collectibles backed by blockchain technology. The platform offers artists and inventors to custom create NFTs that can be sold or auctioned at premium prices.
The DSO’s NFTs will consist of different footage and back scene video clips and are priced differently for each element. The NFTs containing Luis’s interview with a ticket to their concert in 2022 is priced at $1000. There are a total of 15 NFTs available for this category. Similarly, there are 25 NFTs available that will comprise audio of the final movement of Mahler’s first symphony rendition that is said to be priced at $100.
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Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.
