Home » Morgan raises $ 21,000 for a song via Nft

Morgan raises $ 21,000 for a song via Nft

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Two raises were enough, the last at 10 ethereum, to close the auction for the assignment of the first NFT used in Italy by a famous singer. So Marco Castoldi, aka Morgan, got just under 21 thousand dollars for the song “Premessa della premessa”, put up for sale on the Opensea platform, specialized in non-fungible tokens, the latest cryptocurrency cryptocurrency that is depopulating in the digital art and now also in music.

The leader of Bluvertigo has in fact decided to ride the wave of “non fungible tokens” by auctioning the song file a dozen days ago starting from a base of 0.5 ethereum. On the same day Jolie made a raise to 0.7, then three days later the decisive one arrived that raised the bar to 10 Eth, equal to about 21 thousand dollars.

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The auction closed on Wednesday with the assignment of the token to Natale Ferrara, founder of Poseidon, a group active in the field of cryptocurrencies based in Lugano, who took home the token that guarantees the exclusive ownership of the song, whose musical rights still remain with Morgan, along with a personal meeting with the singer and the original autographed print of the song’s lyrics.

As the presentation on the Opensea platform underlines, where all the details of the work and the auction can be found, this is a “first” for Italian music, a “premise” as an “experiment of experiments, game of games”. Ferrara will be able to sell the token on the same platform at any time and all transactions will be recorded on the ethereum blockchain.

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In reality, a few days earlier another Italian group, Belladonna, had auctioned an NFT with their song “New Future Travelogue”: in that case the winner also wins the rights to the song, in addition to the only vinyl copy. of the nine-minute long song. The NFT was awarded on March 27 for $ 1,001.

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