U.S.-based music platform LÜM is set to announce 25 partnerships with globally known musicians. This is part of a re-launch involving NBA Top Shot’s Dapper Labs later this quarter.
Users of the platform will be able to buy NFTs tied to their favorite musicians and trade them amongst a community of fans, while long term hodlers will be granted rewards such as priority access to artists’ future NFT drops, exclusive content and live entertainment experiences.
Fergus stated that LÜM chose to partner with Dapper Labs and launch on Flow due to the successful and user-friendly model of other NFTs projects“For us, we really wanted to model ourselves off NBA Top Shot. A community that was building collective value by bringing players underneath an individual umbrella.”, and has generated more than $848.3 million worth of secondary sales since launch in late 2020 according to data from CryptoSlam.
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