The Weeknd Mentioned NFTs in His Tweet

by in Cryptocurrency News

The Weeknd NFT

Canadian singer, songwriter, and record producer the Weeknd made a vague post on his Twitter account saying his new track living in NFT space is expected soon. The Weeknd didn't disclose more details.

NFTs have been attracting celebrities and companies from different spheres.

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NFT stands for non-fungible token. The tokens can be in the form of a GIF, image, or MP3 working on blockchain. Acquiring it, the buyer gets rights of proof-of-ownership. The most expensive NFT was sold for $69 M. It was an artwork by Mike Winkelmann known as Beeple. The collectible is called "Everydays: The First 5000 Days," which represents a collection of 5,000 pieces of the artist's work.

Currently, NFTs mainly focus on famous people. On March 23, Ethereum co-founder Vitalik Buterin talked about the market and how it can be beneficial for society. He finds the amount raised by NFT sales can go to different charity purposes.