By Mark L - Crypto Broker - 03-10-2021
Cardano (ADA) is an open-sourced, decentralised blockchain platform with a proof-of-stake consensus. The Cardano network has a native crypto asset that allows the cryptocurrency trading community to stake ADA to help pool operators verify transactions.
In recent developments, the network is in collaboration with a music producer from England. The creator of the Cardano platform, Charles Hoskinson, has reportedly partnered with DJ Paul Oakenfold, an award-winning English music producer. The two announced the collaboration at the Cardano Summit 2021 and stated that Cardano plans to tokenize Oakenfold's electronic dance music (EDM) album.
According to Oakenfold, the album that will be tokenized is dubbed "Zombie Lobster." Reportedly, the tokens will include all aspects of the album; this means that even the cover art, the music, remixes, and sleeve notes will become non-fungible tokens (NFTs). Once the NFTs are completed, they will then be distributed with the rest of the "Starship Universe'' collection. The Starship Universe collection is said to release thousands of NFTs on the Cardano platform, with Alon Shulman, music entrepreneur, running the project. Users can purchase NFTs on the Cardano platform, in doing so, investors will need to buy Cardano ADA before buying an NFT.
The creator of Cardano spoke about how it has been a revelation to learn and educate himself on how he can support the music industry. According to Hoskinson, this knowledge will allow Cardano technology to connect to the creative industries since learning how blockchain platforms can benefit artists. Hoskinson further stated that he is excited to bring in the Starship Universe collection as soon as it is ready on the Cardano network and that he hopes to explore more creative projects.