Fans of late rap icon The Notorious BIG can look forward to another opportunity to acquire a collectible tied to his legacy.
On the 25th anniversary of Christopher Wallace’s death in Brooklyn, New York, his estate has revealed an exclusive collaboration with the Quincy Jones-backed NFT platform OneOf to release the first-ever official The Notorious BIG NFT collection.
Green Web3 startup OneOf celebrates Biggie’s life and legacy in tandem with the late rapper’s estate for a collection that will be minted on Tezos, which self-describes its approach to the NFT space as “much more energy efficient” than competitors.
The Notorious BIG Memorial Foundation
According to OneOf, a portion of the proceeds from the NFTs, which are inspired by the chart-topping, platinum-selling artist’s career and final album “Life After Death,” will benefit the community-focused Christopher Wallace Memorial Foundation.
Willingie, Inc.’s Elliot Osagie and Voletta Wallace’s manager Wayne Barrow conceptualized Biggie’s OneOf NFT collection.
Josh James, COO and co-founder of OneOf in Santa Monica, California, also discussed working with the Christopher Wallace Estate and bringing the Brooklyn icon into the cryptocurrency world.
James stated:
“Through the use of NFT technology, Biggie’s legacy and his outsized impact on music and culture will be forever established on blockchain, to be acknowledged and shared with fans all over the world and for future generations.”
BTC total market cap at $742.04 billion on the daily chart | Source: TradingView.com
OneOf Major Collabs
OneOf has recently announced partnerships with the Grammys, Warner Music Group, and The Breakfast Club, a morning radio show.
NFTs have made their way into the music industry, and musicians are devising novel methods to profit from the technology.
An NFT of an unreleased Whitney Houston track made when she was 17 sold for $1 million at auction on OneOf late last year.
The same year, electronic producer Deadmau5 auctioned off $100,000 worth of “RAREZ” NFT collector packets with animated stickers and virtual trading cards.
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Grimes sold more than $6 million in tokens for 10 pieces of her digital artwork in February 2021. Moreover, rappers sold an increasing number of NFTs in the first few months of last year.
Lil Baby, Soulja Boy, 2 Chainz, Snoop Dogg, and other celebrities have launched their first NFT collections, which contain augmented reality memorabilia and other virtual items.
NFT Market To Be Worth Over $35 Billion This Year
The confluence of the digital and physical worlds is taking shape, with NFTs enabling companies to increase their reach through “digitally enabled experiential tie-ins,” according to an analyst report from investment bank Jefferies.
The bank increased its prediction for the NFT market cap to more than $35 billion in 2022 and to more than $80 billion in 2025, according to Jefferies analysts in a recent research.
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Featured image from American Songwriter, chart from TradingView.com
