OneOf, the music-focused non-fungible token (NFT) platform on the Tezos blockchain, released the initial drop of rapper/singer Doja Cat’s first NFT collection, “Planet Doja,” on Wednesday. The release includes two tiers of tokens and 26,000 collectibles starting at $5.
Every purchase of a digital collectible unlocks access to the “Planet Doja’' Discord channel, with select NFTs being bundled with tour tickets and in-person VIP experiences. The release culminates in an auction for a single “OneOf” token that grants its buyer an all-expenses-paid trip to see the artist on tour.
OneOf was co-founded by Lin Dai, Joshua James and film producer Adam Fell in partnership with Quincy Jones Productions. It completed a $63 million seed round in June, with participation from investors including Nima Capital’s Suna Said, Sangha Capital and Jaeson Ma, co-founder of music label 88rising.
Coinbase goes NFT?
OneOf has also partnered with Coinbase to allow fans to purchase Doja NFTs with credit cards as well as cryptocurrencies.
Surojit Chatterjee, chief product officer at Coinbase, said in a press release the company is excited to help “bring the innovation of NFTs to the masses” with user friendly and affordable collectibles.
“I don’t know that much about NFTs,” Doja Cat said in a press release. “But what I do know is that they can be bad for the environment and cost a fortune. Mine won’t.”
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.