First “proof of fandom” NFTs sell out

By Raffaele Redi

The NFT drop by Canadian alt-rockers Our Lady Peace fetched around $20,000

The cover of ‘Spiritual Machines 2’                                 
The new album continues many of the themes from the band’s critically acclaimed 2000 opus ‘Spiritual Machines’ – Photo: Our Lady Peace
                                

Canadian alt-rock band Our Lady Peace (OLP) have sold all 500 NFTs of their forthcoming album, Spiritual Machines 2.

The drop, which was announced to Currency.com at the end of 2021 and took place on the S!NG platform, fetched around $20,000, with each of the unique NFTs selling for $39.99.

"We just had 500 fans lean into the future of Web 3.0 with us and be the first to purchase our forthcoming album, Spiritual Machines 2, as an NFT,” said Raine Maida, lead singer and co-founder of Our Lady Peace.

“We have firmly embraced this critical intersection between music and tech and are leveraging the power of the blockchain to build better communities and change the way we distribute music. This is a first and we thank all our fans for taking this step with us.”

First band to deliver NFTs to fans in real time

The sale makes Our Lady Peace the first band to deliver NFTs to their fans in real time at live events, via Maida’s newly launched Drrops app. Geolocation technology was used to offer exclusive music, merchandise and live content exclusively to fans who attended their recent USA shows.

“Understanding our fans better and giving them access to exclusive digital and physical goods is yet another powerful way to reward and talk to the fans that pay to come see us live,” said Maida.

Spiritual Machines 2 will be released worldwide by Shelter/BMG on 26 January, in physical, digital and streaming formats. The new album continues many of the themes from the band’s critically acclaimed 2000 album Spiritual Machines, which was inspired by the book The Age Of Spiritual Machines by Raymond Kurzweil. Kurzweil himself appears on both albums.

It includes the song Stop Making Stupid People Famous, featuring Nadya Tolokno of the iconoclastic Russian feminist group Pussy Riot, whose members have several times been arrested for their public opposition to the Russian government.

Further reading:

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image