DistroKid is collaborating with 10,000 independent musicians to mint 10,000 individualized, collectible, carbon-negative NFTs that commemorate the music of each artist. Proceeds from NFT sales and resales will go to each artist.
Each NFT — collectively named Sellouts — consists of the DistroKid mascot, personally customized by each musician from more than 300 different traits (hair, expression, eyewear, clothes, and more). Each Sellout is unique, proudly holding an album cover selected by their musician.
Any musician who is a DistroKid member can design their own Sellout NFT and join the waitlist to be part of the initial drop. It’s free for musicians — who will earn proceeds from any sales and resales of their NFT. Nifty Gateway and DistroKid each take a small processing fee from each sale. No intellectual rights to the music come with NFT ownership, but there are perks for collectors that will be announced.
Musicians can design their Sellout NFT and join the waitlist here. Waitlist closes December 1, 2021: https://distrokid.com/sellouts
Some early participating musicians, whose NFTs will include rare traits, include well-known artists such as ILOVEMAKONNEN, Ricky Desktop, Ryan Oakes, Tep No, Emilio Rojas, Janine, and Our Last Night. More artists to be announced.
All 10,000 Sellouts will become available for purchase ($60/ea) on Nifty Gateway via random drawing on December 15th, 2021. Potential buyers can be notified when the drawing opens:https://distrokid.com/sellouts
“There are many ways blockchain and NFTs can be helpful to musicians,” says DistroKid Founder & CEO Philip Kaplan.
“Sellouts is a fun first step toward a larger collection of easy-to-use NFT and blockchain services DistroKid is launching, that we hope artists love.” “Millions of artists rely on DistroKid’s innovation and creativity,” said Brian Larson, Director of Marketplace Operations, Nifty Gateway. “We’re thrilled to partner with DistroKid and help launch 10,000 ‘Sellouts’ this December.”
One reason DistroKid chose Nifty Gateway for Sellouts is because of Nifty Gateway’s commitment to the environment and becoming carbon-negative. Nifty Gateway buys carbon offsets for 2x the amount of carbon footprint Nifty Gateway creates from blockchain transactions each month. The company is also developing innovative methods to make minting 99% greener.