Music Producer Rico Love to Sell NFTs on Corite’s Upcoming Blockchain Platform

Corite, a Stockholm-based fan-powered music platform, announced on Tuesday that it would launch the latest project from the music producer, Rico Love whose project expects to launch a sale of exclusive NFTs.

According to the news shared with Finance Magnates, Love, who has written and produced tracks for artists like Beyoncé, Usher, Nelly and Trey Songz will join forces with Corite on fan-funded campaigns for six up-and-coming artists culminating in six EPs with three songs on each. Moreover, the exclusive NFTs will be on sale through Corite’s forthcoming Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term platform, built with ChromaWay.

“One of the most rewarding aspects of my work has been empowering young artists. The existing recording industry model makes it difficult for many of them to find their way, and I’m excited that Corite sees a new path forward, where fans both fund and share in the success of the artists they believe in. With my new project, I’m looking forward to working with exciting new talents, Ariale, Branbaby, Pheli, Rubina, WatchJazzy, and WifeyBaby, and can’t wait to share their music with you,” the music producer commented on his project with Corite.

The artists WifeyBaby and BranBaby will release the first six tracks from Rico Love Presents’ project on the fan-powered music platform, which was founded by Universal Music alumni’s Mattias Tengblad and Emil Angervall, the CEO and COO, respectively, and offers services, such as global distribution, fan-funded advances, promotion, music Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, playlist pitching and NFT creation.

“Launching Rico’s project is an exciting step for us. His phenomenal talent for nurturing artists and producing great music makes him an ideal partner in our mission. Having a songwriter and producer of Rico’s caliber work with us inspires fans and generates confidence from the artists, the communities we serve,” Mattias Tengblad, Corite’s CEO, said.

Additionally, the company completed a $2.2 million pre-sale of its native $CO token.

NFTs and the Music Industry

In March of this year, artists like Grimes and Beeple made headlines with multi-million dollar token drops. Since then, artists of all levels of fame and success have been jumping onto the trend left and right.

Furthermore, NFTs have begun to pop up in the music world. 3LAU and Eminem have both sold or announced the sale of NFTs associated with music. However, the details of what is actually ‘owned’ when an NFT is purchased are somewhat dubious.