Post Malone to Mix NFTs, Experiences in Revamped Music Streaming Platform

Malone and producer Dre London are bringing Fyooz NFTs to their AUX Live streaming site as the NFT arms race heats up.

AccessTimeIconMar 16, 2021 at 1:45 p.m. UTC
Updated May 9, 2023 at 3:17 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Rapper Post Malone’s concert streaming service, AUX Live, will begin minting Fyooz-based non-fungible tokens (NFTs) that blur the line between art and experience. 

The collaboration, Malone’s second in the NFT space, is set to take off on March 18 with a series of NFTs meant to memorialize concert experiences. In a world where attending concerts in person is still out of the question for many, Malone and his manager, Dre London, are hoping NFTs can bring some of the magic back.

  • Bitcoin Transaction Fees Slide Significantly Post Halving
    00:55
    Bitcoin Transaction Fees Slide Significantly Post Halving
  • 21Shares Exec on Consumer Facing Applications Powered by Blockchain
    00:51
    21Shares Exec on Consumer Facing Applications Powered by Blockchain
  • 21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
    15:24
    21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
  • World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec
    00:31
    World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec
  • The resulting token structure operates much like a colorful artistic Super Bowl ticket of years past, said Alex Shultz of Fyooz. The collectible pieces by crypto artist Fvckrender and others also grant their holders access to exclusive events.

    Such perks might involve getting “backstage” or “flying” with Malone to the venue or even playing virtual beer pong with him; once COVID-19 restrictions ease, perhaps even in person. Holders can use their tokens for access now and then perhaps trade them later.

    Built atop Fyooz’s social token system, the experiential NFTs add a crypto streak to one-year-old AUX Live, a Netflix-like streaming platform specific to live concerts.

    London said AUX Live will also begin accepting payment in Fyooz’s token for fans outside of the U.S. (Shultz was hopeful the company can soon add the U.S. to that list. He’s waiting for input from token-skeptical securities regulators on the matter.)

    Earlier this month, rock band Kings of Leon trotted out "golden tickets" as part of its NFT album release. The latest from Malone represents an escalation of sorts in the fan-engagement arms race among tech-savvy musicians.

    Only last month Malone and Dre launched their first NFT crossover event with the suds-soaked “Celebrity World Pong League.” There, as here, the rapper partnered with Fyooz to bring an experiential crypto offering to fans. Holders of the NFTs minted in that event were given the chance at playing pong against the rapper. 

    London said the World Pong League NFT, which launched right at the start of the current NFT mania, outperformed his expectations in terms of community engagement and uptake. He said it laid the foundation for the act to develop the far more robust program debuting now.

    London told CoinDesk it’s only the beginning of a partnership he said will span multiple Post Malone concerts and perhaps branch off into different acts, too. The only difference from a few months ago when he first heard of NFTs: The medium is exploding far faster than he ever anticipated.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.