With these NFTs, you can attend Booba’s concert for free… or almost

News hardware With these NFTs, you can attend Booba’s concert for free… or almost

The famous French rapper also uses blockchain technology. Almost 1 year ago, Booba was one of the first artists in the music industry to release non-fungible tokens – giving fans access to different exclusive benefits.

A spectacular NFT sale

Rapper Booba was among the first to offer this kind of virtual musical innovation. In November 2021, the rapper from 92 had decided to enhance the release of the clip of his title “TN” with non-fungible tokens.

So at the start of the speculative bubble around NFT technology, the artist offered a collection of 25,000 tokens for sale. Specifically, these virtual certificates for fans were represented in the form of five types of animated cards. Each card was limited to 5,000 copies.

Hailed by the crypto community and its fans, the initiative had been a great success since all the copies had been sold out in a very short time. Initially sold for 0.006 eth, or 20 euros at the rate of the time, the collection managed to run out of stock very quickly.

After this sale, the artist had recorded a profit of 125eth for a total value of 564,000 euros at the time. Following the fall in the price of Ethereum, the sum is only worth 237,572 euros today, according to VentesRap.

In addition to the commercial aspect of this type of digital sale, the sale made it possible to experiment with a new consumption method for the artist’s fans. Beyond the collection, these cards prove useful for anyone wishing to access exclusive “privileges” related to the artist.

Among these advantages: the owners were able to have access to preview clips or even participate in the draw to obtain a VIP pass to the rapper’s concerts.

A free livestream of the Booba concert at Stade France for NFT holders

Almost a year after this sale, the owners of these NFTs are still making a profit from their purchase. On the occasion of his concert at the Stade de France, rapper Booba will once again allow owners to use their NFT.

Indeed, the 2h30 show eagerly awaited by fans will be broadcast live on the Internet. To access the famous online livestream, fans will have to pay €15. Only if you are an owner of an NFT, failing to be at the concert physically, you will be able to access the stream for free.

Booba NFT concert

A way to compensate, since we remember, despite the large capacity of the Stade de France, the concert is sold out. Thus, through the use of NFTs, Booba demonstrates a new utility that could please several fans of the rapper.

About NFTs

What is an NFT?

An NFT is the abbreviation of Non Fungible Token or non-fungible token in French. NFTs are cryptographic tokens issued on a blockchain.

By exploiting this technology at the genesis of cryptocurrencies, NFTs inscribe inviolable properties in this virtual register. As a result, NFTs are true attestations of digital ownership.

Is an NFT necessarily an image?

A distinction must be made between an NFT and the object associated with it. Indeed, the non-fungible token is above all a virtual property certificate and not the digital file as such. An NFT is usually associated with a photo or video, but it can also take the form of text, music or any other digital or physical format.

What is an NFT used for?

NFTs are generally used to assert property rights online. Thus, the owner of a token of a virtual work can collect royalties, ensure respect for the intellectual property of his digital object, etc.

This feature has notably enabled the NFT to shine in art by creating value and rarity in digital images available on the web. Also, beyond art, this technology offers multiple uses in several sectors such as in video games, the traceability of a product, etc.

How is the value of an NFT defined?

These tokens are non-fungible, i.e. they have a unique value unlike cryptos, which are fungible (1 bitcoin = 1 bitcoin).

The price of an NFT is therefore arbitrarily set by the owner of the token. This price is usually in cryptocurrency, most of the time in Ether (ETH).

How to buy and sell NFTs?

NFTs are generally bought or resold on trading platforms such as Opensea or Foundation.

What is an NFT mint?

The “Mint” or strike in French, is the initial sale process of a token. To permanently become part of the blockchain ledger, these new tokens must be mint. By this action, the user comes to complete a transaction with his fees to see his token appear first hand on the blockchain.

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With these NFTs, you can attend Booba’s concert for free… or almost

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