Dapper Labs and Muse's partnership brought the creation of two blockchain-secured, crypto-collectibles which include a limited edition signed Kitty by the band.
Dapper Labs’, a prominent label behind the non-fungible token (NFT) game Cryptokitties, shared to the public on Tuesday that it will be teaming up with Warner Music Group’s artist Muse an exciting project for its fans. A project that centers around the band's November 2018 album entitled, "Simulation Theory."
The album features music videos with visual elements that inspired the creation of the two limited-edition cat characters, one of which will display a signature of the band members. Dapper Labs dropped that both of the blockchain-secured crypto-collectibles will carry names based on the artist's music videos. Decrypt reported that one will be named Marty, based on the transformation that frontman Matt Bellamy makes during the “Something Human” video, and the other one is Mibbles, a mini-monster featured on the “Pressure” video.
Cointelegraph noted that projects such as CryptoKitties involve unique but tradeable blockchain assets — known as non-fungible tokens — that can be used to represent all manner of virtual and equally, real-world goods. Video games, digital art, and even memes can be tokenized and monetized, circulating on the blockchain in a peer-to-peer community of online fans.
Roham Gharegozlou, founder and CEO of Dapper Labs, told Decrypt that Muse Kitties are the first-ever officially licensed music merchandise on the blockchain. These are digital collectibles fans can buy and own forever—or sell to other fans in exchange for cryptocurrency. “We think artists of the future will manage their crypto economies, including collectibles as well as personal tokens, the way they manage their social media communities today,” he added.
Just recently, Dapper Labs told Coindesk that it had raised $12 million in a funding round led by National Basketball Association stars, including Spencer Dinwiddie and Andre Iguodala. Gharegozlu said that while all of the firm’s cryptokitties were built and “live” on Ethereum, the firm currently develops a bridge to deliver them over to its blockchain called Flow.