NFT
Atlantic Data artist Arden Jones needs to repay strangers’ parking tickets—and he’s promoting Ethereum NFTs of his hit track to bankroll the undertaking.
The 21-year-old singer-songwriter’s single “Parallel Parking,” which has racked up practically 25 million streams thus far throughout platforms like Spotify and Apple Music, was just lately launched through music NFT platform Sound.xyz to assist Jones’ “Parallel Parking Fund.”
Followers can submit their unpaid parking tickets to the undertaking through Twitter or Instagram, with all funds from the NFT sale going right into a group pockets to repay nonetheless many randomly chosen submissions it could possibly.
parallel parking got here out precisely two years in the past as we speak 🖤
dropping on @soundxyz_ as we speak to have a good time + all of the funds will go in direction of paying off peoples’ parking tickets !!
🚗 https://t.co/GBSjQZGvSl pic.twitter.com/Z4t3UdOj2g
— Arden Jones (@ArdenJones_) January 21, 2023
For 0.05 ETH (about $80), collectors should buy the NFT of the track through Sound.xyz and contribute to the fund within the course of. The NFT drop coincides with the two-year anniversary of the track’s authentic launch, which led to the artist’s viral success and his eventual signing with the main document label.
“Quite a lot of parking tickets (particularly in Los Angeles) are given out unnecessarily and excessively,” Jones instructed Decrypt through e-mail. “I additionally really feel that so many ‘No Parking’ indicators in L.A. are purposefully complicated and are set as much as become profitable, to not prohibit parking the place it’s crucial.”
parallel parking fund ❤️ pic.twitter.com/NSrlJVMcvD
— Arden Jones (@ArdenJones_) January 23, 2023
To this point, simply 18 Parallel Parking NFTs have been bought out of a doable 100, totaling 0.9 ETH in funds (about $1,440) forward of the drop’s conclusion this afternoon. Whereas slightly below 1 ETH value of gross sales isn’t a lot on this planet of crypto, it may repay quite a few parking tickets whereas linking Web3 to a enjoyable promotion that advantages followers and followers.
Sound.xyz is without doubt one of the rising platforms within the rising music NFT market, offering artists a option to join instantly with followers and let collectors probably share in their very own rising success with an asset that might rise in worth and demand.
The platform has hosted drops by the likes of Snoop Dogg, RAC, and Pussy Riot, and raised $5 million in 2021 in a spherical led by VC big Andreessen Horowitz.
Jones stated that he’s been concerned about Web3 for a while earlier than this drop, and has launched tour merchandise that embeds a chip from IYK, a startup that authenticates bodily gadgets through NFTs. Tapping a cellphone to the chip within the merch unlocks an NFT and unreleased music for homeowners, he defined. Jones has additionally beforehand given away NFT art work tied to a music launch.
‘The Subsequent Billie Eilish Will Emerge on Web3’: NFT Startup Sound Presents Musicians a New Mannequin
One of many “Parallel Parking” NFT consumers, collector and music NFT investor Cooper Turley, instructed Decrypt that it was “uncommon to seek out somebody breaking on conventional platforms spending the time to domesticate their Web3 technique.” Turley can also be an investor in Sound.xyz.
“I do know that not all of my followers are aware of the Web3 house,” Jones stated of his strikes, “so I wish to make it as straightforward to entry as doable.”