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Source: NurPhoto / Getty / Donald Trump
You can always count on Donald Trump and his family to find a new way to scam.
Fresh off the latest alleged “assassination attempt” on his life, which he wasted no time fundraising on, the disgraced former president hit an X Space for a 40-minute interview where he rehashed his greatest hits on the latest attempt on his life, the border, the evil forces conspiring against him and his granddaughter’s ability to speak foreign languages.
He touched on all of that in an X Space where he was supposed to speak about his latest scam; oops, we mean business venture, a new “crypto platform.”
When he finally got to the point, he touched on World Liberty Financial, which, according to a statement shared on his X account per The Verge’s reporting, “Trump’s new decentralized finance project is to drive “the mass adoption of stablecoins and decentralized finance.”
Even The People Involved Can’t Explain This Mess
According to the website, Trump or any of the other people involved in the Space on X on Monday night did a sh*tty job of explaining what World Liberty Financial is.
Helping to try to explain what the hell the platform is, Corey Caplan, founder of some sh*t called Dolomite, another “decentralized lending platform,” is also working as an adviser on Trump’s latest attempt to scam people out of money and fatten his wallet.
In his explanation, Caplan said World Liberty Financial would “sell and otherwise distribute governance tokens called WLFI.” He notes that sales of the token will be limited to “certain persons who would be eligible to participate in transactions that are exempt from registration under US federal securities law.”
What made the whole thing even funnier was Barron Trump, the family’s expert on Crypto, not being present when it was his turn to speak.
Per The Daily Beast:
Trump’s youngest son Barron, 18, was nowhere to be found when it came time for him to speak, some two hours into the meandering promotional for World Liberty Financial, which even Trump’s crypto sector allies reportedly think is a stupid idea.
“He’s not here anymore,” said Farokh Sarmad, the crypto entrepreneur who hosted the livestream on X. “We took too long. We’re gonna try and get him back.” It would have marked Barron’s first major speaking role in public.
“Damned teenagers,” joked Trump’s eldest child, 46-year-old Donald Jr., who sat in on the livestream along with his 40-year-old brother, Eric.
The gallery below shows more reactions to Donald Trump and his son’s latest scam.
1. Ruh Roh
4. Sounds about right
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Tekashi 6ix9ine may be one of the most hated men in the United States, but the rapper-turned-snitch still has a very healthy fanbase overseas and is looking to cash in on his popularity by releasing branded cryptocurrency.
According to HipHopDX, the “Fefe” rapper traveled to Romania to take the stage at the annual Beach Please! music festival. While visiting the European country Tekashi 6ix9ine took to Instagram to announce he was releasing a new “Dummy Coin” for his fans to invest in.
In the now-deleted post (that disappeared quickly), Tekashi explained that there were some open slots for investors, and for those who were willing to buy into his new venture, there would be a chance to link up with the rapper-turned states evidence.
Per HipHopDX:
“We just got to Romania,” he began. “I’m super grateful for the ability to travel. Romania, we’re live tomorrow at Beach, Please! I want to apologize to all my fans for being very disconnected with you guys, but I got some great news — I just released a Dummy Coin.
“For the first 2,000 holders who buy into the Dummy Coin, you will be selected to do a meet and greet here in Romania […] Also, we’ll pick three select few to join us on stage for the last song, which is ‘GUMMO.’”
Sounds like Tekashi might be in dire need of money if he’s resorting to such tactics to drum up some cash. As to whether anyone invested in his “Dummy Coin” and met and chilled with him, that’s anyone’s guess.
Tekashi’s latest “business venture” comes months after the IRS raided his home and relieved him of some very expensive automobiles to satisfy his debt to Uncle Sam. If Tekashi is out here making bank on cryptocurrency, don’t be surprised if the IRS finds a way to come for those dollars too. They can be ruthless when they want to.
What do you think about Tekashi 6ix9ine’s “Dummy Coin”? Is he out here swindling his fans? Check out his performance clip in Romania, and sound off in the comments section below.
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Photo: Getty
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Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, was found guilty of the seven charges levied against him in the explosive fraud case. According to reports, Bankman-Fried could face over 100 years in prison if federal sentencing guidelines are followed and there is still another trial to come next year.
For five weeks, Sam Bankman-Fried, 31, stood trial at the Daniel Patrick Moynihan U.S. Courthouse in Manhattan, N.Y. and this past Thursday (November 2), the co-founder of FTX and Alameda Research heard the guilty verdict on fraud, conspiracy, and money laundering charges.
As reported by The Washington Post, Bankman-Fried was found guilty of two counts of wire fraud, four counts of conspiracy to commit fraud, and one count to commit money laundering. If all sentencing guidelines are followed, Bankman-Fried faces several decades in prison. Sentencing will take place on March 28.
“We respect the jury’s decision. But we are very disappointed with the result,” defense attorney Mark Cohen shared in a statement. “Mr. Bankman Fried maintains his innocence and will continue to vigorously fight the charges against him.”
According to prosecutors in the matter, Bankman-Fried allegedly swindled almost $10 billion from the victims of the fraud scheme as FTX was reportedly using customer contributions to fund Bankman-Fried’s lifestyle and purchases.
“The cryptocurrency industry might be new; players like Sam Bankman-Fried might be new. But this kind of fraud, this kind of corruption, is as old as time, and we have no patience for it,” U.S. Attorney Damian Williams said of the case.
Bankman-Friend is the son of Stanford University professors Joseph Bankman and Barbara Fried, both of whom attended the trial. Fried’s mother was said to be wrought with emotion after hearing the verdict against her son.
According to those who closely followed the case, the paper trail and testimony from former romantic partner and the former CEO of hedge fund Alameda Research, Caroline Ellison, along with accounts from former FTX executives, helped sink Bankman-Fried’s defense. But it appears that it was Bankman-Fried himself who didn’t fare well during intense cross-examination sessions.
Sam Bankman-Fried is due in court again on
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Photo: Michael M. Santiago / Getty
As the tech hype shifts from crypto to AI, the Web3 space is left trying to figure out sustainable use cases for NFTs and blockchain technology. Progress is being made through shared streaming royalties, Web3 fan clubs that unlock exclusive content, and a new wave of independent artists finding their first supporters and early fans by releasing their music on-chain.
However, Web3 still attracts cash grabs and, sometimes, outright scams. This mix of good and bad was reflected in April as many independent artists stood shoulder to shoulder with Snoop Dogg in terms of sales — but the month was marred by a rushed Soulja Boy NFT that was delisted from major platforms.
Overall, April was the worst month for NFT volume (in ETH terms) on the popular sales platform OpenSea since July 2021 and that weakness was reflected in the music NFT market. Volume across the 10 biggest projects netted 278.4 ETH, down from 381 ETH in March. In dollar terms, it’s $509,714, compared to March’s $697,393. Based on analysis of sales data from 19 different NFT platforms, independent releases combined with secondary sales volume on OpenSea, here are the 10 biggest-selling music NFTs and collections in March 2023.
1/ Soulja Boy – 3D Game NFT (Delisted by OpenSea)Monthly trading volume: 114 ETH ($208,734)Primary sales (March): N/ASecondary sales: 114 ETH ($208,734)Drop date: April 6
After Soulja Boy was charged in March for promoting cryptocurrencies without disclosure by the SEC, the rapper dropped a series of NFTs, with one collection removed by OpenSea for copyright infringement.
Soulja Boy launched a collection of 500 3D NFTs which promised to unlock exclusive extras in his upcoming video game. The NFTs sold out within hours, generating 68 ETH ($124,508), but the collection was later taken down by leading NFT platform OpenSea because the artwork featured the Ferrari logo — a copyright infringement. The NFTs still exist on the Ethereum blockchain but cannot be traded or sold by holders. A second collection followed (without the Ferrari logo) generating 10 ETH ($18,310) volume, and a third collection of pixel art generated 36 ETH ($65,916).
The NFT community hit back at Soulja Boy, not only for the fumbled NFT projects but for pocketing as much as $730,000 over recent years for promoting crypto and NFTs — many of which turned out to be scams.
2/ Snoop Dogg – Various collectionsMonthly trading volume: 39.896 ETH ($73,049)Primary sales (March): 5.775 ETHSecondary sales: 34.121 ETHDrop date: various
A rare Snoop Dogg NFT — the “golden egg” from his XYZ track — sold for 20 ETH in April, the highest price paid for a single music NFT on Web3 music platform Sound.xyz. The “golden egg” is a unique 1/1 collectible associated with the song within the bigger collection of 10,000. Golden eggs are often valued highly by music collectors on the platform. Snoop Dogg also dropped another song, Let Me Hit That, on Sound.xyz last month, netting a further 5.74 ETH ($10,509), while his “Bacc on Death Row” NFT collection generated 14 ETH ($25,634) in trading volume on OpenSea.
View the collection on Sound.xyz.
3/ DeafbeefMonthly trading volume: $61,314Primary sales (March): $46,000Secondary sales: $15,314Drop date: March 2021
Deafbeef is a music project valued like fine art by many in the Web3 space. It’s a collection of generative music, created by an algorithm, and coded into existence on a 10-year old computer by musician Deafbeef. Minted straight to the Ethereum blockchain at the moment of creation, it represents an experimental art form only possible through Web3 and it’s considered one of the most important early NFT experiments. These rare items are often referred to as “grails” and thought of like art pieces. A single edition changed hands for $46,000 last month, while Deafbeef also sold a new piece at auction for $15,314.
View the collection on OpenSea.
4/ KINGSHIP – “Keycards”Monthly trading volume: 23 ETH ($42,113)Primary sales (March): N/ASecondary sales: 23 ETHDrop date: May 2022
The Bored Ape Supergroup has become a permanent fixture of the monthly roundup with another month of strong trading volume on OpenSea through April. KINGSHIP recently launched a way for holders to generate rewards called ‘Crowns’ by participating in the community, which they can use to buy exclusive items and NFTs via a new auction system.
View the collection on OpenSea.
5/ PLS&TY – “New Color”Monthly trading volume: $37,229Primary sales (March): $37,229Secondary sales: N/ADrop date: April 27
PLS&TY is a prolific EDM producer with hundreds of millions of streams across his music on YouTube and Spotify. He’s also an early adopter in the NFT space. The producer’s latest collection on GALA Music — a Web3 music platform that Snoop Dogg called his home for Death Row Records featuring several NFTs drops from artists on the label — generated $37,229 with a collection of 300 audiovisual NFTs.
View the collection on OpenSea.
6/ X Li – “think i’m in love with you”Monthly trading volume: 20.121 ETH ($36,841)Primary sales (March): 20.121 ETHSecondary sales: N/ADrop date: April 26
Independent LA singer X Li exploded onto the Web3 music scene in April with a heartbreak ballad — a departure from the typical EDM and hip- hop sounds that dominate the space. The track quickly rocketed to the top three3 most collected songs on Sound.xyz with over 4,000 mints. X Li has previously worked with Sony Music Entertainment China but is now embracing Web3 and building a music community called Liberal Mafias.
View the collection on Sound.xyz.
7/ Violetta Zironni – “Another Life”Monthly trading volume: 11 ETH ($20,141)Primary sales (March): N/ASecondary sales: 11 ETHDrop date: Feb. 20
Italian singer-songwriter Violetta Zironi launched an NFT collection, Another Life — an EP encompassing five tracks and 5,500 unique profile picture illustrations. Holders get access to virtual shows, live concerts and the ability to use the songs for their own projects. The project launched in February but continued to generate strong secondary sales through April.
View the collection on OpenSea.
8/ LNRZ – “Satellites”Monthly trading volume: 6.3 ETH ($11,535)Primary sales (March): 6.3 ETHSecondary sales: N/ADrop date: April 21
LNRZ is a music collective founded by Reo Cragun, a pioneering artist in the Web3 music space and vocalist on Flume’s EP “Quits.” The collective is known for releasing music NFTs every week through curated drops with select artists, but in April they released their first original body of work. Satellites is a six-track album featuring five emerging musicians that came together at a songcamp in Las Vegas. The LNRZ community voted on the price, supply and rarity structure of the NFT drop, which sold out 1,250 editions in 24 hours.
View the collection on Sound.xyz.
9/ Culture Code, Araya & RUNN – “After All”Monthly trading volume: ~$9,697Primary sales (March): ~$9,697Secondary sales: N/ADrop date: April 10
After All is a dreamy electronic track that racked up 800,000 streams since its release in February. DJ and producer duo Culture Code sold a percentage of streaming royalties in the track via music rights platform Royal. The pair sold approximately 100 gold tokens offering 0.1228% ownership each, and three diamond tokens at $899 each offering 1.6204%.
View the collection on Royal.
10/ Illenium – “Illenium Fire, Ice & Ash” digital deluxe albumsMonthly trading volume: $8,908Primary sales (March): $8,908Secondary sales: N/ADrop date: April 27
DJ and producer Illenium entered the top 10 in March with a Web3 access pass that granted access to a fan club powered by tech company Medallion. He returned in April with the release of a digital deluxe album, available in three limited editions, only to the fan club. Fans that own the first two editions can unlock the ultra-exclusive third edition, or two fans can team up to unlock the third.
Only available to fan club members.
Methodology: The chart was compiled using data from primary music NFT sales across 19 different NFT platforms, independent releases and combined with secondary volume data from OpenSea. Data was captured between April 1 – April 30, 2023. Conversion rates from crypto to US dollars were calculated on April 30.
Disclaimer: The author owns NFTs from LNRZ and Snoop Dogg, however, the above list is based purely on sales data.
March saw the launch of two Web3 record labels, a free NFT from Grimes and NFT streaming royalties tied to several viral hits. Overall, the crypto market has bounced back with Ethereum now 100% higher than its lows of last year, injecting some optimism back into the crypto economy.
However, it was a weaker month for music NFTs — a common symptom of the NFT market when crypto prices are trending higher as many buyers prefer to hold onto their ETH as it gains value. Volume across the 10 biggest projects netted 381 ETH compared to 1,016 ETH in February. In dollar terms, it’s $697,393 compared to February’s $1.6 million. Based on analysis of sales data from 19 different NFT platforms, independent releases combined with secondary sales volume on OpenSea, here are the 10 biggest-selling music NFTs and collections in March 2023.
1/ Helix Records Genesis PassMonthly trading volume: 137 ETH ($250,710)Primary sales (March): ~91 ETHSecondary sales: 46 ETHDrop date: March 10
Patrick Moxey, founder of PayDay and Ultra Records, has launched a new label with Web3 at its heart. Helix Records sold 3,333 NFT genesis passes in March, granting access to the inner workings of the label. Holders can pitch their music to Helix Records’ A&R team, get access to free tickets and claim a free NFT of Marshall Jefferson’s iconic house classic ‘Move Your Body.’ Moxey aims to onboard the label’s entire roster of dance artists into Web3.
View the collection on OpenSea.
2/ Grimes – Gen-1 AvatarsMonthly trading volume: 60.7 ETH ($111,081)Primary sales (March): 60.7 ETHSecondary sales: N/ADrop date: March 24
To celebrate a performance at Ultra Festival, Grimes dropped a free NFT on Web3 platform Zora in March. The Grimes Gen-1 avatars will unlock quests, exclusive music and other digital experiences. More than 78,000 were minted in a 7-day window. Although the NFTs were free, each edition was subject to a 0.000777 platform fee which generated a total of 60.7 ETH.
View the collection on Zora.
3/ Dreams Never Die – Founders PassMonthly trading volume: 46 ETH ($84,180)Primary sales (March): ~40 ETHSecondary sales: 6 ETHDrop date: March 15
Dreams Never Die is a record label founded by Chad Hillard, credited for discovering Billie Eilish and breaking “Ocean Eyes” through his music blog HillyDilly when the track had less than 1,000 plays on SoundCloud. Fast forward eight years and Hillard’s record label Dreams Never Die has established itself deeply in Web3 culture.
The label was the first to release a debut single as an NFT via their flagship artist Sloe Jack and last month launched a thousand Founders Passes. The NFT gives holders the opportunity to participate in the label as scouts and other roles, as well as get direct feedback on music.
View the collection on OpenSea.
4/ KINGSHIP – Key CardsMonthly trading volume: 37 ETH ($67,710)Primary sales (March): N/ASecondary sales: 37 ETHDrop date: July 2022
The Bored Ape supergroup launched a new initiative in March called Crowns. Members of the KINGSHIP community can earn Crowns by helping out new members, retweeting social posts, sharing music and engaging in the Discord server. The Crowns can then be redeemed for items in the upcoming KINGSHIP digital store.
View the collection on OpenSea.
5/ Violetta Zironi – Another Life Monthly trading volume: 30 ETH ($54,900)Primary sales (March): N/ASecondary sales: 30 ETHDrop date: Feb. 20
Italian singer-songwriter Violetta Zironi recently launched a new collection, Another Life — an EP encompassing five tracks and 5,500 unique profile picture illustrations. Holders get access to virtual shows, live concerts and the ability to use the songs for their own projects. The project launched in February but continued to generate strong secondary sales through March.
View the collection on OpenSea.
6/ Maddix – Heute NachtMonthly trading volume: $36,990 Primary sales (March): $36,990Secondary sales: N/ADrop date: March 15
Producer Maddix released Heute Nacht in October of last year and it quickly turned into a viral hit, racking up 20 million Spotify streams in five months. In March, the track was released as a collection of 260 NFTs via Royal, offering a percentage of streaming royalties in the hit song. 250 ‘Gold’ tokens give holders 0.0295% of royalties while 10 ‘Diamond’ NFTs offer 0.262% ownership.
7/ David Guetta, Martin Garrix, Romy Dya, Jamie Scott – So Far AwayMonthly trading volume: $30,781Primary sales (March): $28,000Secondary sales: 1.52 ETH ($2,781)Drop date: March 28
With 352 million streams, So Far Away dropped as a collection of 200 NFTs in March, each offering 0.01% ownership in the track. The NFT was released via Anotherblock which unlocks streaming royalties in major hits, usually via a producer or songwriter’s share rather than the lead artist. In this case, the NFT is released through featured artist Romy Dya.
8/ Reo Cragun – SpentMonthly trading volume: 15.6 ETH ($28,548)Primary sales (March): ~7.5 ETHSecondary sales: 7.9 ETHDrop date: March 28
Rapper and producer Reo Cragun has been at the forefront of independent Web3 music for the last 18 months, previously appearing in this chart for his EP Criteria with Daniel Allan in December. Cragun returned in March with a new single “Spent.”
The track was the first to use a new drop format on Web3 music platform sound.xyz called Sound Swap. The mechanism begins with a familiar 24-hour mint period where fans can buy as many editions of the song as they want for 0.005 ETH (~$7). However, when the 24 hour period ends, the price rises steadily for each additional purchase.
If there is sufficient demand and the price rises, existing collectors can instantly sell at the current price — an innovative upgrade from trying to trade or sell NFTs on a secondary market like OpenSea. The track generated 1,500 mints in the first 24 hours and an additional 350 mints using the Sound Swap mechanism.
View the collection on OpenSea.
9/ Illenium – Phoenix Family Founders PassMonthly trading volume: $28,000Primary sales (March): $28,000Secondary sales: N/ADrop date: March 29
DJ and producer Illenium launched a Web3 fan club in March called The Phantom Family, powered by tech platform Medallion. Once inside, fans could mint the Phoenix Family Founders Pass for $25 each, giving them access to a digital jersey, fast-track access to merchandise and exclusive content. Illenium sold 1,132 in a two-day window.
View the collection on OpenSea.
10/ Wes Ghost – SleepwalkingMonthly trading volume: 12.6 ETH ($23,058)Primary sales (March): 10.7 ETHSecondary sales: 1.9 ETHDrop date: March 16
Wes Ghost exploded onto the Web3 music scene in March with a debut single “Sleepwalking” — a pop-punk electronic crossover anthem. Using an NFT character from the “Kid Called Beast” NFT collection to front the project, Wes Ghost sold 2,351 editions of the track by tapping into dozens of different NFT communities through giveaways and cross-collaboration.
View the collection on OpenSea.
Methodology: The chart was compiled using data from primary music NFT sales across 19 different NFT platforms, independent releases and combined with secondary volume data from OpenSea. Data was captured between March 1 – March 31, 2023. Conversion rates from crypto to US dollars were calculated on March 31.
Disclaimer: the author owns NFTs from Reo Cragun and Dreams Never Die, however, the above list is based purely on sales data.
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Source: Allen Berezovsky / Getty / Soulja Boy
Remember when crypto was all the rage? Now celebs who were out here pushing them are getting in T R O U B L E.
The SEC is cracking down on celebrities nefariously pushing crypto on normal people. Lil Yachty, Soulja Boy, Ne-Yo, Akon, Jake Paul, Lindsey Lohan, Austin Mahone, and adult film actress Kendra Lust were all hit with charges by the SEC for illegally promoting cryptocurrency.
According to Pitchfork’s reporting, everyone has agreed to pay a fine of $400K in “disgorgement, interest, and penalties” to settle the charges without admitting or denying the SEC’s findings. Mahone and Soulja Boy have yet to pay the funds.
The SEC also charged crypto pusher Justin Sun and three of his companies—Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent Inc.) for the unregistered offer and sale of Tronix and BitTorrent. Sun is also in trouble for allegedly violating federal securities laws by plotting a scheme to inflate Tronix’s trading volume artificially.
Sun allegedly duped investors into buying Tronix and BitTorrent by using celebrity influencers and throwing them money to promote what the company was offering while telling them not to spill the beans on how much they were receiving in compensation.
Per the SEC:
While we’re neutral about the technologies at issue, we’re anything but neutral when it comes to investor protection. As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.
These latest celebs join the likes of T.I. who the SEC hit with a charge in 2020 for pushing bootleg initial coin offerings from a company called FLiK. In 2018, Floyd Mayweather and DJ Khaled felt the SEC’s wrath, with the boxer coughing up over $600K and the music producer having to pay over $150K and agree to not “promote any securities, digital, or otherwise,” for multiple years.
Kim Kardashian also got in trouble for the crypto jig as well and had to come out of her pockets. It was fun, but the SEC is not playing anymore.
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Photo: Allen Berezovsky / Getty
Lil Yachty, Lindsay Lohan, Ne-Yo, Soulja Boy and Austin Mahone are among a number of celebrities who have been charged by the Securities and Exchange Commission for peddling crypto currencies “without disclosing that they were compensated for doing so and the amount of their compensation,” according to an SEC announcement Wednesday (March 22).
The artists were charged as part of a larger investigation into crypto companies Tron Foundation Limited, Bit Torrent Foundation Limited, Rainberry Inc and their founder Justin Sun for the “unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT).” The SEC also alleges that Sun “fraudulently manipulat[ed] the secondary market” and “orchestrat[ed] a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation” among other accusations.
The SEC also charged adult film star Kendra Lust and influencer Jake Paul in the case. So far, all of the celebrities tied to Sun and his crypto firms — apart from Mahone and Soulja Boy — have reached settlements with the SEC, paying over $400,000 in “disgorgement, interest and penalties… without admitting or denying the SEC’s findings.”
The SEC’s complaint against Sun and his companies was filed March 22 in the U.S. District Court for the Southern District of New York.
“This case demonstrates again the high risk investors face when crypto asset securities are offered and sold without proper disclosure,” said SEC chair Gary Gensler. “As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX. Sun further induced investors to purchase TRX and BTT by orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweets.”
“While we’re neutral about the technologies at issue, we’re anything but neutral when it comes to investor protection,” said Gurbir S. Grewal, director of the SEC’s division of enforcement. “As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.”
February was a big month for music and NFTs. Spotify plugged into Web3 with a token-gated playlist experiment, while Def Jam Records signed a virtual band. Snoop Dogg returned with a fresh NFT drop and Rihanna fans got the chance to own streaming royalties in “Bitch Better Have My Money,” right in time for her Super Bowl halftime show — although the NFT drop was not without controversy.
Overall, crypto prices crept higher in February, with Ethereum now up 46% from the start of the year. Based on analysis of sales data from 19 different NFT platforms, independent releases combined with secondary sales volume on OpenSea, here are the 10 biggest-selling music NFTs and collections in February 2023.
1/ Rihanna – “Bitch Better Have My Money”Monthly trading volume: $532,452Primary sales (Feb.): $63,000Secondary volume: 284 ETH ($469,452)Drop date: Feb. 9
While Rihanna was making history at the Super Bowl, her music was making headlines in the NFT space. A portion of streaming royalties in her track, “Bitch Better Have My Money”, were sold via NFTs on Web3 platform Anotherblock, netting $63,000 in sales and a further $469,452 in secondary trading volume. The hype was amplified as Rihanna opened her Feb. 12 halftime set with the track, sending global streaming figures 594% higher in the week ending Feb. 16.
The NFT drop was controversial, though. It was not officially endorsed by Rihanna; instead, the royalties were unlocked through producer DEPUTY’s share in the track, and it’s unknown whether Rihanna was aware of it. The NFTs also quadrupled in value on the secondary market, shooting far beyond logical expectations for return based on the streaming calculations.
The collection was later halted on OpenSea for “promising fractional ownership and future profit based on that ownership” — something OpenSea doesn’t allow — proving that NFT projects positioning themselves purely as investments are still at risk of regulatory scrutiny.
View the collection on OpenSea.
2/ Violetta Zironi – “Another Life”Monthly trading volume: 167 ETH ($276,552)Primary sales (Feb): ~110 ETH ($182,160)Secondary volume: 57 ETH ($94,392)Drop date: Feb. 17
After a successful genesis drop last year, singer-songwriter Violetta Zironi returned in February with a new collection, Another Life — an EP encompassing five tracks and 5,500 unique profile picture illustrations. Holders get access to virtual shows, live concerts and the ability to use the songs for their own projects. To celebrate the drop, Zironi hosted a 14-hour Twitter Spaces marathon with her community.
View the collection on OpenSea.
3/ Kids of the ApocalypseMonthly trading volume: 10748 SOL ($243,979)Primary sales (Feb): 6,666 SOL ($151,318)Secondary volume: 4082 SOL ($92,661)Drop date: Feb.. 9
Several years in the making, Kids of the Apocalypse (KOTA) is an ambitious, immersive music NFT project built on the Solana blockchain. It features graphic novel characters, dystopian storylines and a dark-pop soundtrack from veteran Swedish producer Stefan Storm, previously of pop duo Sound of Arrows. KOTA is now the biggest music NFT project on Solana, a blockchain that offers faster speeds and cheaper transaction fees than Ethereum.
View the collection on OpenSea.
4/ MyFi Studio – “Wind Tunnels” + “Circles Are Bad”Monthly trading volume: 94.48 ETH ($156,458)Primary sales (Feb): 70.33 ETH ($116,466)Secondary volume: 24.15 ETH ($39,992)Drop dates: January 2023 (“Wind Tunnels”) and February 2023 (“Circles Are Bad”)
“Wind Tunnels” and “Circles are Bad” are innovative NFT instruments that you can play and interact with in real-time. They are fully coded onto the Ethereum blockchain itself, which is a significant departure from most music NFTs, in which music is typically stored on an external server while the NFT simply contains a link to the music. “Wind Tunnels” and the follow-up drum machine project “Circles are Bad,” however, are fully coded onchain.
View the “Wind Tunnels” and “Circles Are Bad” collections on OpenSea.
5/ Shilly: The Access PassMonthly trading volume: 82 ETH ($135,792)Primary sales (Feb.): N/ASecondary volume: 82 ETH ($135,792)Drop date: Jan. 31
Shilly — a Bored Ape that makes chaotic pop-punk records — dropped a series of access passes in January, letting the community get involved in music releases. The most exclusive pass, the Band Pass, gives fans the opportunity to work on music with Shilly and even feature on tracks. The project was incubated by Universal Music’s NFT imprint Probably a Label.
View the collection on OpenSea.
6/ KINGSHIPMonthly trading volume: 76 ETH ($125,856)Primary sales (Feb): N/ASecondary volume: 76 ETH ($125,856)Drop date: July 11, 2022
The Bored Ape supergroup was part of a new pilot experiment with Spotify in February, through which KINGSHIP Key Card holders can now access an exclusive ‘token-gated’ playlist on the streaming platform. The news triggered a fresh wave of buying activity in the KINGSHIP collection, which captured 76 ETH in volume last month. Spotify has partnered with a total of four projects in the NFT space to test the new feature.
View the collection on OpenSea.
7/ Snoop Dogg – XYZMonthly trading volume: 45.2 ETH ($74,851)Primary sales (Feb): 44 ETH ($72,864)Secondary sales: 1.2 ETH ($1,987)Drop date: Feb. 3
Snoop Dogg returned to Web3 to capitalize on one of the biggest current trends in the space: open editions. Rather than a fixed supply of NFTs, with open editions — which are typically sold at a lower price to make them more accessible to collectors — fans can mint as many editions as they want within a set time frame. Web3 music pioneers RAC and 3LAU both dropped open editions this month, but Snoop Doog blew the doors off. The rapper sold more than 10,000 editions in a 3-day period via Sound.xyz. Snoop Dogg’s “XYZ” sold for 0.0042 ETH (about $7) each, totaling more than $70,000.
View the collection on OpenSea.
8/ Sammy Arriaga – “Metagirl (remix) featuring Nessy the Rilla”Monthly trading volume: 30 ETH ($49,680)Primary sales (Feb): 30 ETH ($49,680)Secondary volume: N/ADrop date: Feb. 25
Following in Snoop’s footsteps, independent country artist Sammy Arriaga also launched an open edition on Sound.xyz in February, aiming to beat Snoop Dogg’s 10,000 sales with a series of NFT incentives. The biggest collector will receive a special reward, while the rest will be entered into a lottery to win a valuable NFT. At the time of writing, Arriaga has generated 5,000 sales. One collector purchased more than 1,000 NFTs, briefly becoming Sound.xyz’s biggest all-time collector in terms of NFTs held.
View the collection on OpenSea.
9/ Tycho – “The Science of Patterns”Monthly trading volume: $19,000Primary sales: $19,000Secondary volume: N/ADrop date: Feb. 25
Electronic producer Tycho reissued his 20-year-old EP, The Science of Patterns, in February as a digital release for the first time. As a twist, the record is only available as an NFT through Tycho’s Web3 fan club portal. Powered by Web3 tech company Medallion, the multitrack album format is brand new to Web3, allowing fans to stream the entire album within the NFT itself, unlike previous album NFTs which simply unlocked access to music elsewhere.
10/ WVRPSoundMonthly trading volume: 11.09 ETH ($18,365)Primary sales (Feb): N/ASecondary volume: 11.09 ETH ($18,365)Drop date: January 17, 2022
WVRPSound is the biggest music NFT project ever in terms of trading volume. Since launching in January 2022, the collection of AI-generated music and animated characters have earned more than 6,000 ETH in volume (approximately $7.3 million). The project recently announced plans to launch playable versions of its characters in The Sandbox metaverse.
View the collection on OpenSea.
Methodology: The chart was compiled using data from primary music NFT sales across 19 different NFT platforms, independent releases and combined with secondary volume data from OpenSea. Data was captured between Feb. 1 – Feb. 28, 2023. Conversion rates from crypto to US dollars were calculated on Feb 28.
NFTs had a wild 2022. January began with euphoric highs and a record $4.8 billion traded on OpenSea. By contrast, December ended the year with a hangover — volumes down by 95% with just $283 million traded in the month.
Still, the crypto winter hasn’t deterred musicians from embracing Web3. December saw an uptick in music NFT activity thanks to legacy artists Armin van Buuren and Styles P, as well as high-profile drops from crypto-native musicians like 3LAU and Daniel Allan. The first “billion club” NFT was released, unlocking streaming royalties in a track with more than a billion Spotify plays. Meanwhile, the independent scene continued to flourish with a seventh-straight month of rising volume on Sound.xyz – the largest platform for independent musicians.
Across the 10 biggest music NFT projects tracked by Billboard in December, sales volume was up 28% in ETH terms (751 ETH) and 23% in dollar terms ($949,781) from November. Based on analysis of sales data from 19 different NFT platforms, independent releases combined with secondary sales volume on OpenSea, here are the 10 biggest-selling music NFTs and collections in December 2022.
1/ Styles P – “The Farmacy Fantoms”Monthly trading volume: 205 ETH ($249,280 at month-end conversion rate)Primary sales: 170 ETHSecondary sales: 35 ETHDrop date: Nov. 28
The Farmacy Fantoms is a music NFT project by rapper Styles P. The collection of 6,666 animated ghost characters come with different visual traits and one of ten different tracks. In the future, holders will also get access to events and discounts on Styles P brand products.
View the collection on OpenSea.
2/ Armin van Buuren – “Armin’s All-Access (AAA)”Monthly trading volume: $210,120Primary sales: $189,448Secondary sales: 17 ETH ($20,672)Drop date: Dec. 13
Superstar DJ Armin van Buuren launched an all-access pass in December, granting NFT holders entry into a Web3 fan club community. The NFT unlocks an exclusive section of the DJ’s Discord server, as well as access to unreleased tracks, studio livestreams and exclusive events. Each NFT comes with music by the Dutch producer and 10 variations of digital artwork by Rik Oostenbroek. The duo sold 952 passes in December, at $199 each.
View the collection on OpenSea.
3/ Reo Cragun x Daniel Allan – “Criteria EP”Monthly trading volume: 138.67 ETH ($168,622)Primary sales: 94.247 ETHSecondary sales: 44.324 ETHDrop date: Dec. 15
Two of the biggest names in the independent music NFT scene teamed up to end the year with a bang. Criteria is an 8-track EP fusing electronic production from Allan and hip hop vocals from Cragun – who previously collaborated on Flume’s “Quits” EP. In December, the duo released 2,500 NFTs with a unique rarity structure. The rarest track, “Criteria,” has just 25 editions making it significantly more valuable than the most common track, “Supercharged” with 1,000 editions. “Supercharged” has a floor price of 0.056 ETH ($68) on secondary markets while the rare “Criteria” has a floor price of 3 ETH ($3,648).
Criteria was the largest ever drop on music NFT platform Sound.xyz, and despite the broader bear market in crypto, the drop sold out in approximately an hour. The collection was heavily supported by the leading music NFTs collectors, or “whales,” — many purchased more than 100 each.
View the collection on OpenSea.
4/ Violetta Zironi – “Moonshot” / “Gypsy Heart”Monthly trading volume: 59 ETH ($71,744)Primary sales: 40 ETHSecondary sales: 19 ETHDrop date: April 2022
Violetta Zironi is establishing herself as one of the most consistent independent artists in the space, appearing in this top 10 for four of the last seven months. Her debut “Moonshot” collection — featuring artwork from her father, Disney animator Giuseppe Zironi — continues to generate strong sales on OpenSea with 19.24 ETH traded in December.
Her new collection Gypsy Heart is now being rolled out to existing fans and holders through an early access mint pass. Zironi sold 500 mint passes in December (out of a total 5,000), generating 40 ETH. The project will go live to the public in January.
View the collection on OpenSea.
5/ 3LAU – “Too Late for Love”Monthly trading volume: $58,839 (48.3 ETH)Primary sales: $58,839Secondary sales: N/ADrop date: Dec. 14
Electronic producer and DJ 3LAU set records back in 2021 with an $11.6 million NFT sale. Since then, he launched the Web3 music platform Royal, allowing fans to own a percentage of streaming royalties in tracks by The Chainsmokers, Diplo and others.
In December, 3LAU released his first single of the year, and his first NFT drop since 2021, “Too Late for Love.” Released via his platform Royal, the producer sold 330 gold tokens, each representing 0.1165% of streaming royalties in the track, and three diamond tokens, each granting 3.8488% of streaming royalties as well as backstage access to 3LAU events for life.
6/ Offset and Metro Boomin – “Rick Flare Drip”Monthly trading volume: 42 ETH ($51,072)Primary sales: 39 ETHSecondary sales: 3 ETHDrop date: Dec. 1
The first ever NFT from Spotify’s “Billions Club.” “Rick Flare Drip” has more than 1 billion streams on Spotify, and now fans can own a small piece of the future streaming revenue. The royalties were unlocked through a partnership with Bijan Amir — one of the producers on the track. “This is my first foray into Web3 and crypto,” said Amir. “I wanted to do something meaningful when I did. I love the idea of fans getting a share of my rights, instead of me selling a share of my masters to some investor.” The NFTs were sold via Anotherblock, a Web3 platform that sells streaming royalties in some of the world’s biggest tracks.
View the collection on OpenSea.
7/ KINGSHIP – “Key Cards”Monthly trading volume: 25 ETH ($30,400)Primary sales (in Dec): N/ASecondary sales: 25 ETHDrop date: May 2022
The Bored Ape supergroup secured its seventh-straight month in this top 10 thanks to consistent sales on secondary markets like OpenSea. In December, the group began teasing video footage from the studio where producers Hit-Boy and James Fauntleroy are currently working on the band’s music.
View the collection on OpenSea.
8/ Rae Isla – “Rocks”Monthly trading volume: 23 ETH ($24,320)Primary sales (in Dec): 20 ETHSecondary sales: 3 ETHDrop date: Nov. 28
Independent singer-songwriter Rae Isla was featured in November after selling the first 600 NFTs from her “Rocks” project — a collection of 1,000 NFTs made up of four tracks, each with different rarities and artwork released through Nifty Music — a music NFT accelerator. Isla returned to the top ten in December after selling the remaining 400 and capturing a further 3 ETH in secondary sales on OpenSea.
View the collection on OpenSea.
9/ WVRPS by WarpsoundMonthly trading volume: 20 ETH ($24,320)Primary sales (in Dec): N/ASecondary sales: 20 ETHDrop date: January 2022
WVRPSound is the biggest music NFT project ever in terms of trading volume. Since launching in January last year, the collection of AI-generated music and animated characters have earned more than 6,000 ETH in volume (approximately $7.3 million). In December, the project gave away an album of AI music to holders which triggered a fresh wave of trading activity.
WVRPSound also announced a tool for artists to create multitrack NFT albums. Now, an entire album can be minted as an NFT with interactive buttons to skip tracks. It sounds simple, but this hasn’t been done before at scale. Until now the only other example was an early experiment by an indie band called Talk Time. WRVPSound made the technology open source for anyone to use.
View the collection on OpenSea.
10/ Sammy Arriaga – “Pixelated”Monthly trading volume: 17 ETH ($20,672)Primary sales (in Dec): N/ASecondary sales: 17 ETHDrop date: June 2022
Bringing country to crypto, Sammy Arriaga is a singer-songwriter that launched an NFT project called “Pixelated” back in June. Based around 12 different versions of one song, Pixelated is a collection of 4,000 NFTs, each with a unique pixelated profile picture which Arriaga’s fans use across their social media accounts. The Pixelated project has enjoyed steady volume on secondary markets like OpenSea since the launch, but volume picked up in November and December.
View the collection on OpenSea.
Methodology: The chart was compiled using data from primary music NFT sales across 19 different NFT platforms, independent releases and combined with secondary volume data from OpenSea. Data was captured between Dec. 1 – Dec. 31, 2022. Conversion rates from crypto to US dollars were calculated on Dec. 31.
Disclosure: The author owns music NFTs from Reo Cragun and Daniel Allan, however, the above list is based purely on sales data.
November 2022 in the crypto world will forever be marked by the collapse and bankruptcy of FTX — formerly the second-largest crypto exchange. The shockwave rippled through every inch of the Web3 ecosystem, even dragging Coachella into the collateral damage with up to $1.5 million of Coachella NFTs paralyzed on the FTX exchange.
Unsurprisingly, NFT volumes are down across the board. OpenSea’s volume dipped to just $253 million — the lowest in almost 18 months. Across the ten biggest music NFT projects tracked by Billboard in November, sales volume is down 72% in ETH terms (585.2 ETH) and down 78% in dollar terms ($743,181) compared to a strong October.
While November lacked any large Web3 music project launch, the independent scene in Web3 took the spotlight. Sound.xyz — one of the leading platforms for independent music NFTs — saw a record number of drops as well as record new wallets and active collectors (although pure dollar sales are still well off the highs). Meanwhile, several independent artists generated large sales volume through self-released projects. For that reason, seven of the top ten music projects last month came from fully independent Web3 native artists.
Based on analysis of sales data from 19 different NFT platforms, independent releases combined with secondary sales volume on OpenSea, here are the 10 biggest-selling music NFTs and collections in November 2022.
1/ DeafbeefMonthly trading volume: 205 ETH ($260,350 at month-end conversion rate)Primary sales (Nov.): N/ASecondary sales: 205 ETHDrop date: March 2021
Deafbeef is a vintage synth project with a twist. The entire collection is ‘generative’, which means the music was created by an algorithm, and coded into existence on a 10-year old computer by musician Deafbeef.
Released back in March 2021, the collection is considered one of the most important early projects among crypto collectors. Minted straight to the Ethereum blockchain at the moment of creation, it represents an experimental artform only possible through Web3. These rare items are often referred to as “grails” and thought of like art pieces. There were only two sales in November — one at 30 ETH ($38,100) and one at 175 ETH ($222,250) but that was enough to take the top spot.
View the collection on OpenSea.
2/ KINGSHIP – “Key Cards” / “Kurt the Roadie”Monthly trading volume: 127 ETH ($161,290)Primary sales (Nov.): N/ASecondary sales: 127 ETHDrop date: May 2022
The Bored Ape supergroup put together by Universal’s Web3 label 10:22PM stays in the top ten for the sixth month running. The project triggered a wave of new trading activity in November after dropping a free NFT — Kurt the Roadie — to all holders. Kurt is an animated flamingo character, hired by the band to join them on tour, according to the story. The roadie also grants holders access to the “tower” and will fly them to the “floating villa” in the elaborate KINGSHIP map.
The main KINGSHIP collection generated 61 ETH ($77.4k) in volume while the new Kurt the Roadie collection generated 66 ETH ($83.8k) as fans swapped and traded their favorite traits and rare features, some of which were designed by James Fauntleroy — the Grammy-winning producer working on the music for KINGSHIP alongside Hitboy.
View the collection on OpenSea.
3/ Violetta Zironi – “Moonshot” / “Gypsy Heart”Monthly trading volume: 56 ETH ($71,120)Primary sales (Nov.): 30 ETHSecondary sales: 26 ETHDrop date: April 2022
Singer-songwriter Violetta Zironi continues to be one of the most consistent artists in Web3, generating 25 ETH volume in November for her Moonshot project — a collection of 2,500 NFTs which features four songs accompanied by unique artwork by her father, a former Disney animator.
Zironi’s first collection sold out back in April, but she returned in November with a new project called Gypsy Heart and sold 500 early mint passes at 0.06 ETH each. Early holders will lock in a discount before the project goes live to the public in January 2023.
View the collection on OpenSea.
4/ TK – “Eternal Garden”Monthly trading volume: 36.8 ETH ($46,736)Primary sales (Nov.): 36.16 ETHSecondary sales: 0.727 ETHDrop date: November 29
Singer-songwriter TK is among a new wave of independent artists building their early career through Web3. In November, he launched an ambitious collection of 700 audiovisual NFTs called Eternal Garden. It features 7 tracks with an emotional R&B feel, each with a different rarity, revealed only when the sale ends. At the time of writing, TK has almost sold out, with 670 sales.
Like many independent artists, TK laid the groundwork over the past year through several smaller NFT drops, building a strong community of collectors before launching a bigger project. The Eternal Garden drop is the largest collection to use Sound.xyz’s new Sound Protocol which allowed TK to host the drop on his own custom website built with a Web3 tool called Bonfire.
5/ Mija – “Desert Trash” & “Acoustic Album lol”Monthly trading volume: 30.5 ETH ($38,735)Primary sales (Oct.): 12.5 ETHSecondary sales: 18 ETHDrop date: November 2
Independent artist Mija embarked on a Web3 blitz in November, dropping 18 songs as NFTs on Sound.xyz from her 2020 album “Desert Trash” and a new unreleased record “Acoustic Album lol”. Like TK, Mija has fully embraced the Web3 space, often making her music available exclusively on NFT platforms first.
Although Mija’s mints were priced relatively low — at approximately 0.01 ETH ($12) or often free — the sheer volume of music helped her generate 12.5 ETH in primary sales and a further 18 ETH in secondary volume. Mija also used some guerilla marketing tactics to capture attention such as airdropping music NFTs to Ethereum founder Vitalik Buterin’s crypto wallet and minting a song about a pseudonymous music collector known only as Hamburglar.
View collection on OpenSea.
6/ Matt Cooper – Something BeautifulMonthly trading volume: $31,600Primary sales (Oct.): $31,600Secondary sales: N/ADrop date: October 6
Matt Cooper is a rising country star with more than a million TikTok followers and a number one track on the iTunes all-genres songs chart. In November he made his Web3 debut with a drop on Royal. Fresh from launching its new music rights marketplace, Royal allows collectors to earn streaming revenue alongside the artists.
Matt Cooper issued 400 tokens of “Something Beautiful,” each offering a 0.0812% share of future streaming revenue, while 8 ‘diamond’ holders will unlock 2.187% of streaming royalties per token and a virtual meet and greet. The exclusive diamond token is currently changing hands for an average $1,499.
View collection on OpenSea.
7/ Rae Isla – “Rocks”Monthly trading volume: ~27 ETH ETH ($34,290)Primary sales (Oct.): ~27 ETHSecondary sales: N/ADrop date: November 28
Rae Isla spent the last year dedicating herself to Web3, hosting countless Twitter Spaces and building a loyal community. She minted music videos as NFTs on a Web3 video platform called Glass and sold out a music drop on Sound.xyz in 50 seconds.
Rocks, however, is her most ambitious project. It’s a collection of 1,000 NFTs released through Nifty Music — a music NFT accelerator. The collection is made up of four tracks, each with different visual traits and rarities. Holders can unlock rewards depending on how many NFTs they hold, such as free concert access. At the time of writing, Isla has sold 600 from the collection so far.
8/ Probably A Label / Money on the TableMonthly trading volume: 28 ETH ($35,560)Primary sales (Nov.): N/ASecondary sales: 28 ETHDrop date: October 6
Warner Records UK partnered with Web3 brand Probably Nothing to launch a new NFT imprint, Probably a Label. The label’s access passes sold out in 7 minutes in early October and continued to generate secondary sales through November. The label dropped a free music NFT “Money on the Table” featuring Diddy and JasonMartin in November, driving an additional 3 ETH in volume.
View the collection on OpenSea.
9/ Sammy Arriaga – “Pixelated”Monthly trading volume: 25 ETH ($31,750)Primary sales (Nov.): N/ASecondary sales: 25 ETHDrop date: June, 2022
Bringing country to crypto, Sammy Arriaga is a singer-songwriter that launched an NFT project called “Pixelated” back in June. Based around 12 different versions of one song, Pixelated is a collection of 4,000 NFTs, each with a unique pixelated profile picture which Arriaga’s fans use across their social media accounts. The Pixelated project has enjoyed steady volume on secondary markets like OpenSea since the launch, but volume soared in November.
View the collection on OpenSea.
10/ Daniel Allan – VariousMonthly trading volume: 25 ETH ($31,750)Primary sales (Oct.): 1.076 ETHSecondary sales: 24.025 ETHDrop date: Dec, 2021
Most of Daniel Allan’s sales in November can be attributed to one large collector, or “whale.” An unknown crypto address spent approximately 20 ETH “sweeping” up Allan’s earliest drops on Sound.xyz on the secondary market. Allan also had a small primary sale in November via a collaboration with Reo Cragun released through Cragun’s “LNRZ” collective.
Methodology: The chart was compiled using data from primary music NFT sales across 19 different NFT platforms, independent releases and combined with secondary volume data from OpenSea. Data was captured between November 1 – November 30, 2022. Conversion rates from crypto to US dollars were calculated on November 30.
Disclosure: The author owns music NFTs from TK, Mija and Daniel Allan, however, the above list is based purely on sales data.