Kristin Robinson Independent electronic label Monstercat returns for its second-ever NFT drop this week, featuring work from comic artist Jose Delbo and Grammy-nominated producer RAC.
The collections of NFTs, called the Ikon pack and the Odyssey pack, will be sold via marketplace Nifty Gateway.Non-fungible tokens, unique digital assets which are sold using blockchain technology, have become the music industry’s most lucrative fad of 2021, amassing over $70 million to date, according to data collected by Water + Music.
Proponents of NFTs often note that the technology could help artists engage with fans as well as raise capital in a new way, but the highest grossing NFT drops have left most fans out of the fun.
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