- First Online Music Retailer to accept Bitcoin as payment
- Has formed a partnership with Crypto.com
- Robb McDaniels is willing to lead the industry to embrace new technology
Beatport is the first Online Music retailer to announce its acceptance of cryptocurrency as payment from June to their customers.
Besides, they have collaborated with Crypto.com and plans to launch NFT audio-visual compilation titled “Music For Future Dance Floors” on April 23, 2021.
Moreover, the NFT would include unreleased tracks with collaboration from a number of eminent artists. However, the compilation includes a revelation of disclosed tracks from world-renowned DJ/Producers. A segment of the proceeds will offer to charity, including carbon offset donation.
The visual part of NFT includes art from Leif Podhajsky, the Berlin artist who has created covers for Tamp Impala, Bonobo, Foals, and many more.
Robb McDaniels, CEO of Beatport says that Crypto-payments and NFT’s are just the beginning to explore the new technology for its service. More so, it is clear that, even in the midst of a pandemic, the DJ/Producer community is willing to lead the industry towards embracing new technology and innovative mediums for engaging with their fans.
In addition, McDaniels feels honored for the partnership with Crypto.com. And sets this fact as the example for the world of cryptocurrencies and Non-fungible tokens.
“For Beatport, this is just the beginning of our exploration into the metaverse and we are committed to the long-term opportunities this revolutionary technology portends.”