Kings of fungible
In an industry first Kings of Leon are releasing their new album as an NFT.
“Over the last 20 years – two lost decades – we’ve seen the devaluation of music,” YellowHeart’s chief executive, Josh Katz, told Rolling Stone, which first reported the band’s plans. “It’s early stages, but in the future, I think this will be how people release their tracks. When they sell 100,000 at a dollar each, then they just made $100,000.”