Ghostface Killah, the American rapper and member of the Wu-Tang Clan, has revealed plans to release exclusive music as Bitcoin Ordinals. In a social media post, Ghostface announced that there will be a limited supply of 10,000 Ordinals available through a free mint. Holders of these Ordinals will have Creative Commons Zero (CC0) rights to the music, meaning they can freely use and build upon the works.
Ghostface credited the collaboration between Ordinals Bot, Rare Scrilla, and NakaPepes for making the Bitcoin Ordinal collection possible. This is not Ghostface’s first foray into the crypto industry, as he previously attempted to launch his cryptocurrency company called Cream Capital in 2017. The company aimed to raise $30 million through an initial coin offering (ICO), a popular trend among celebrities at the time.
While Ordinals are similar to nonfungible tokens (NFTs), they differ in that they are inscribed using the Bitcoin blockchain and require Bitcoin (BTC) as the minting token. As of now, there have only been 1,290 audio files inscribed to Bitcoin according to the Ord.io website.
Releasing exclusive music or rights to previously released music as NFTs has become increasingly popular among new musicians. Platforms like Sound.xyz and Audius have utilized blockchain-powered solutions to give musicians more control over their content. Notable artists such as Megadeth and Michael Jackson’s estate have also embraced this trend, offering exclusive music and perks to their fans.
The use of Bitcoin Ordinals for musicians to release exclusive music and fan perks is less common. Despite their initial popularity in 2023, Ordinals’ presence in the crypto space has diminished. They experienced a revival in weekly sales, surpassing Ethereum (ETH) on March 4. SuperRare, an NFT marketplace, announced its expansion into Bitcoin Ordinals in March and introduced a new collection called “No Brainers.”
In February, an emulator for the Nintendo 64 (N64) video game console was inscribed in Bitcoin as part of a campaign to preserve classic video games using blockchain technology. This further highlights the diverse applications and growing interest in Ordinals beyond the realm of music.
Ghostface Killah’s decision to release exclusive music as Bitcoin Ordinals adds to the momentum of NFTs and blockchain solutions in the music industry. It provides musicians with additional opportunities to engage with their fans and monetize their work, while giving fans a unique and tangible way to support their favorite artists.
I don’t get the hype around NFTs and Bitcoin Ordinals. It’s all just a bubble waiting to burst. 💥
Ghostface Killah, please stick to what you’re good at and leave the crypto experiments to someone else.
Ghostface Killah is always ahead of the curve when it comes to embracing new technologies! 📈💥 The use of Bitcoin Ordinals for releasing exclusive music is a brilliant move. 🎶🔥 It not only gives fans a chance to support their favorite artists but also allows musicians to have more control over their work. Kudos to Ghostface! 👏💫
I’m loving the momentum that NFTs and blockchain solutions are bringing to the music industry! Ghostface Killah’s decision to release exclusive music as Bitcoin Ordinals is a game-changer. It’s a win-win situation for both artists and fans. I’m stoked to see more musicians embracing this trend!