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Gala Music’s First K-pop NFT Drop Sells Out in Seconds

Web3 & Enterprise·September 21, 2023, 9:30 AM

Web3 music streaming platform Gala Music announced on Wednesday that the NFT drop for its first K-pop artist Ferry Blue’s latest single, “Breaking the Rules”, has sold out in just 3.4 seconds.

Photo by C D-X on Unsplash

 

Ferry Blue’s journey to NFT success

Ferry Blue is an independent girl group that debuted in September 2021 with their album “Call My Name.” The members — Dozin, Xiho, Hyeyoung, Seul, Seona, and Hyunji — are unaffiliated with any entertainment agency, often working part-time jobs. Their new single, “Breaking The Rules,” which was composed using generative artificial intelligence (AI), was released on Gala Music last Tuesday where it is currently available for streaming. The NFT drop opened for public sale the following day at 5 AM KST, during which a total of 90 NFTs were minted and sold for $99 each.

The drop garnered significant attention as it was Gala Music’s first collaboration with a K-pop artist. “Ferry Blue has made a mark not only on our platform but also in the global Web3 market,” Gala Music said. “We look forward to more K-pop artists expanding their presence worldwide through our platform in the future.”

 

Gala Music’s innovative approach to enjoying music

Established in February last year, Gala Music has released over 350 songs from 86 artists, including rapper Snoop Dogg and DJ Steve Aoki. The decentralized music platform operates under a Learn-to-Earn (L2E) system, where listeners can stream and collect music tracks and then pair them to a node to share with others. Node operators and track owners can receive tokens for their contribution to the platform.

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May 24, 2024

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Web3 & Enterprise·

Jan 10, 2024

KLEVA to undergo upgrade and migrate to WEMIX3.0 network

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Web3 & Enterprise·

Oct 06, 2023

Wemade Partners with Katnappe to Bring Arcade Game to Blockchain Platform

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