Wave, a music metaverse firm, said it is developing its first non-fungible token (NFT) collection with Teflon Sega.
Wave has allowed musicians to hold virtual concerts for musicians such as Justin Bieber and The Weeknd. These interactive experiences started during the epidemic when artists couldn''t appear in person, but now they are becoming part of a regular way for musicians to reach audiences, according to Adam Arrigo.
Wave worked OneOf, the Quincy Jones-backed NFT platform that is specifically designed for the music industry. OneOf has worked with the Grammy Awards, Doja Cat, The Game, The Breakfast Club, and others.
We saw Teflon Sega as a model of avatars and how they might monetize in a different way.
Wave and OneOf are working to develop a fan-edition NFT for Teflon Sega, a metaverse-born artist and producer, according to Arrigo. It will be held on Wave on May 12 at 6 p.m. Pacific time.
While game developers and hardcore gamers in the West have expressed their opposition to NFTs, musicians have become more willing to experiment.
Musicians are open to experiment with new technologies and discover new ways to make money, according to Arrigo. This allows you to express yourself through your virtual identity. I think it''s interesting that web three defaults to, however.
Wave first teamed up with Teflon on March 16, 2022, to produce his first ever live performance in the metaverse in a performance titled Dimensions Vol. 1, which offered a new and immersive experience where fans were also able to interact with Teflon in real time.
The Teflon Sega NFT honors this event by presenting a one-of-a-kind fan-edition concert poster to give away all of the event''s first attendees.
Teflon would not be a better partner, just because, like he does, in some ways represent the future of how artists are going to monetize in the web 3 space, according to Arrigo.
Dimension Vol. 2 of Teflons will allow viewers to engage with Teflon, and there will be even a large amount of fan surprises.
Wave''s goal is to bring people together through virtual entertainment. Wave combines live music, gaming, and broadcast technology to transform the virtual live music experience, giving fans a futuristic perspective on what will be possible with the metaverse.
Artists are transformed into a digital avatar and perform a completely live performance set in their own virtual universe. Waves technology also allows fans to interact live with their favorite artists and shape what happens in the concert.
Waves are live streamed worldwide on wave.watch and across popular social and gaming platforms including YouTube, Twitter, Twitch, TikTok, Facebook, and Roblox. To date, millions of fans have attended Waves, including Justin Bieber, The Weeknd, John Legend, Pentakill, Alison Wonderland, Tinashe, Imogen Heap, REZZ, Galantis, Jean-Michel Jarre, and Lindsey Stirling.
Wave has a proven platform for people to engage in these 3D metaverse entertainment experiences, and thus were looking for ways to non-profit, but also assist artists themselves in making money by going on a virtual tour, according to Arrigo. Virtual merchandise is evidently one effective way to do it.
Despite their displeasure in NFTs, game developers and hardcore gamers in the West have reacted more often to experiment.
Musicians are incredibly open to experiment with new technologies and seek new ways to make money, according to Arrigo. This allows you to express yourself through your virtual identity. I think it is interesting that web three defaults to, anonymity.
Wave has over 70 full-time employees.
Musicians are able to create experiences that transcend traditional music.
While you observe these immersive virtual spaces, Arrigo says, so many of the experience is the visuals and digital art that youre experiencing. It''s kind of like being at Burning Man.
As for NFTs, Arrigo said, I really think it will impact the business model for concerts because it changes the format of concerts. People will want to own a piece of the metaverse and it changes the content itself.