Dialogue Akon. | and Element Black&OKX for music NFT

22-04-16 16:00

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Original source: Element.black

On April 15, 2022, Element.Black, a social-fi NFT game company, held an AMA with Oui OKX. Participants included: Three people from OKX and Akon (five-time Grammy Nominee) and Jing (Vice president of operations at Element.Black).

1. NFT in the music world

American music legend AKON's view of NFT

1. Your music is famous in every corner of the world. How did your journey into NFT begin?

Akon:I've been keeping a close eye on NFT trends, especially its connection to the music industry. Friends around me are also collecting NFT, so I really think this represents the future of digital asset ownership and there are a lot of possibilities to explore.

2. NFT is still in its early stages, but we all believe it has a lot of promise for future use. What do you see as the potential of NFT?

Akon:From my perspective as a musician, NFT in particular will revolutionize the way people buy music. This will ensure transparency in the music industry, which will benefit many musicians.

Second, Akon NFT series introduction

An introduction to the upcoming Akon NFT series through the OKX NFT market

What kind of work are you doing at present?

Akon:Has been working on new music and this music NFT series with Element.Black.

2. What are your expectations for the MUSIC NFT mystery box released on OKX?

Akon:I think people will like it. I have some never-released songs released exclusively through this NFT series, so people are surprised and talking about it. I hope this will be an example in the industry. Of course, OKX is one of the biggest players, so I'm sure we'll make this launch a success together.

3. Have you discussed NFT with your friends? Will you invite more friends or colleagues to join the emerging NFT music industry?

Akon:Yes, I have been talking about NFT in my circle of friends and people are interested in it. I love The model of Element.Black and how they creatively design music NFT and bring people into the ecosystem. So I will definitely introduce this to more musician friends.

4. Can you introduce the theme of MUSIC MFT blind Box? What's the story behind it?

Akon:I've just always been interested in publishing music with NFT, as well as providing utilities for NFT. Here's what Element.Black does: It gives collectors the right to recreate and remix my music and create something new. That's what I'm looking for, and that's why I chose Element.Black as my partner.

5. Can you tell us something about the practicability of NFT? Is there an opportunity to create it together?

Akon:You can download my music in each NFT and you can also get a custom profile picture. Through music, you can create something new as a feature in my songs, AND I believe people will be creative and can come up with something really great with my initial music.

6. We know you're on the cutting edge of Metaverse and Web 3.0, can you tell us about social-Fi? Is social fi an ideal way for you to interact with your fans?

Akon:Specifically, I like the concept of social-Fi, which can benefit everyone involved. It was a fun and rewarding experience for all my fans.

7. How do you think NFT will change the music industry?

Akon:With increased transparency and ownership, NFT could become the new standard for music distribution in the future.

Iii. Element.Black Project Introduction

Project Token economy and current situation

1. Do you have project Token? What is the function of Token?

Jing:Our Token name is ELT and you can use our Token to cast NFT, TRADE NFT and unlock more advanced features on the product. At the same time, users participating in our activities will get more Token rewards.

2. What is the total supply of ELT and the Token economy?

Jing: The total supply is 4 billion, 40% of which will be released within 4 years. The project team's vision is to integrate ELT into the ecosystem.

3. Is there a chance to buy ELT now?

Jing: ELT sales on April 20th at OKX Jumpstart.

Conclusion: Recently Move to Earn/ Learn to Earn/ Play to Earn/Talk to Earn and so on have become so bewildering that it is hard for us as participants to see on the surface which project is likely to be blue chip, But we can at least be sure that projects like this occupy a unique niche that can bring vitality to the market.