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NFTs unlock physical biodegradable vinyl records

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A new NFT project is using digital assets as a key to redeem physical copies of a biodegradable, plastic-free vinyl. Hype around nonfungible tokens (NFTs) has cooled down, however innovative use cases for these digital assets continue to appear on the scene. Particularly in the music industry, which has been fertile soil for use cases of emerging Web3 tools in recent years.  On April 5th the DJ, producer and eco-warrior BLOND:ISH announced a new NFT project, which once purchased unlocks physical copies of her latest album on vinyl record . Cointelegraph reached out to BLOND:ISH for more details on the usage of NFTs as a gateway to unlocking physical items as a part of a new music release. The upcoming biodegradable vinyl from BLONDISH. Source: BLOND:ISH, Bye Bye Plastic, Evolution Music The vinyl itself is made from “naturally occurring bacteria” that mimics plastic and can decompose in any environment including the ocean. Typically, vinyls are pressed from the material polyvinyl ch...

Dubai becomes the first place in the world to get a physical NFT store

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Join Our Telegram channel to stay up to date on breaking news coverage Dubai, the largest crypto and business center in the Middle East and North Africa region, just got yet another unique thing — the world’s first physical NFT shop. The ftNFT shop, launched by Fastex, allows customers to seamlessly interact between the digital and physical universe. Thanks to this unique concept, the shop quickly attracted massive amounts of attention. Initial reports say that the shop offers exceptional customer service and friendly staff on sight, ready to help customers who wish to become NFT owners. The fun is about to begin. You only have a few hours to make this part of your schedule today and join us at the Grand Opening of the ftNFT Phygital Space in Dubai. Don’t miss out.#ftnft #nftspace #grandopening #dubaimall #dubai #today pic.twitter.com/DmcJPuGgcw — ftNFT (@FTNFT1) March 16, 2023 Given the success and interest that the first shop has seen, Fastex recen...