Mick Jagger uses NFTs to raise money for indie music venues

Rolling Stones singer Mick Jagger is jumping into the intangible symbolic craze to help independent music venues hit hard by the pandemic.

In an announcement from the music legend today, Jagger said he had started a 24-hour auction on Nifty Gateway with a non-tangible token, or NFT, based on a new song featuring Foo Fighter Dave Grohl. The digital piece designed by artist Oliver Latta, also known as Extraweg, features a loop of a figure walking through two human heads with Grohl and Jagger’s song “Eazy Sleazy” in the background.

The 30-second audiovisual piece evokes the surreal essence of breaking the barriers of the human mind and moving forward on the brink of social collapse to provide a much-needed moment of artistic relief as the world slowly slips out of the lockdown said the announcement.

According to the NFT’s description of Nifty, the proceeds from the auction will help raise money for independent music venues in the United States and the United Kingdom through local charities Music Venue Trust and National Independent Venue Association. Part of the proceeds also go to ecological causes. At the time of publication, the highest bid is $ 8,988, with 12 people bidding on the NFT.

Many musical artists have become involved with NFTs in the past year. Last month, Crypto.com announced it would launch an NFT platform featuring work from Snoop Dogg, Boy George, Lionel Richie, and others. Large institutions also use NFTs to raise money for charity – New York Times columnist Kevin Roose auctioned one of his articles for over $ 550,000, which was donated to the publication’s The Neediest Cases Fund.