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How This Digital Pioneer Is Using NFTs to Create Opportunities for Musicians Recovering From a Year of COVID-19 Lockdowns

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A 22-year old digital thought leader has just used the magic of NFTs to help London-based music duo D-Block Europe earn $8,000 in just 48 hoursтАФthe first time NFTs have been used in this way.┬а

Zack Ahmed helped the Brit Award-nominated artists bag their hefty payday for a photoset containing just four digital band portraits. And he says this crazy new marketplace is only getting started.

тАЬSome say art is a poor manтАЩs job,тАЭ says Zack. тАЬNFTs have proven thatтАЩs dead wrong. IтАЩm giving power back to the creatorsтАФhelping them monetize their craft.тАЭ

Savvy self-made content and marketing specialist Zack has built several successful branded YouTube channels and crafts partnerships and strategies that help challengers and incumbents to target the ever-growing post-millennial market.┬а

In 2018 he put on one of the UKтАЩs first ever pay-per-view concerts and was an early adopter of Cryptocurrencies.

тАЬI was talking about this stuff back in 2016,тАЭ he says. тАЬBut when the pandemic gutted music artistsтАЩ traditional means of making moneyтАФfrom gigs, merch and so onтАФI realised NFTs might be a lifesaver.тАЭ

NFTs, meaning Non-Fungible Tokens, help artists exploit the principles of scarcity and authenticity enshrined in the blockchain in a similar way to how cryptocurrencies like Bitcoin work.

An artist can create an NFT for any work they produce and sell it on to collectors or fans as a unique token of the workтАЩs provenance and exclusivity.

An unnamed collector recently paid $69 million at auction for an NFT of a digital artwork by visual artist Beeple.

The transaction brokered by Zack for D-Block EuropeтАФtechnically for 4.2 Ethereum coins, worth around $8,000 on the dayтАФis one of the first times artists raised have revenue from non-music sales through NFTs.

Young Adz, one half of the Brit Award nominated Lewisham group, met Zack Ahmed in his early days, and was impressed with the young manтАЩs grasp of this bold new frontier in finance.┬а

тАЬZack got me into the NFT world by introducing me to the gallery scene,тАЭ says Adz. тАЬI feel like NFTs are the perfect world for me, due to my interests in both gaming and music.тАЭ

D-Block Europe normally play packed venues like LondonтАЩs Alexandra Palace, but COVID-19 radically disrupted that income stream.

тАЬZack understands the future,тАЭ says an impressed Adz.

The masterstroke was when Zack introduced Adz to his friend Alex Masmej, co-founder and CEO of Showtime.

Showtime is an NFT platform thatтАЩs like a traditional gallery, where potential buyers browse NFTs and learn about artists before buying.

During a whirlwind two-day auction last month, D-Block Europe sold their photoshoot on Showtime for the equivalent of $8,000.

тАЬZack has been stellar in getting big name artists excited about NFTs,тАЭ Alex Masmej told us. тАЬOur partnership with Young Adz was really successful and set the foundation for all creators wanting to break into this new industry.тАЭ

Alex is grateful to Zack for creating this partnership.

тАЬZack grasps the intersection of NFT and how it can finance artists early in their career.тАЭ

For Zack Ahmed, the real magic of NFTs isnтАЩt just about making a quick buck.

тАЬTheyтАЩre not just about listing your creation and getting paidтАФitтАЩs about creating a narrative that holds sentimental value.тАЭ

In a neat little piece of symmetry, ZackтАЩs own NFT masterpieceтАФa witty photoshop of him chilling out on Mars with NASAтАЩs Perseverance Rover and a SpaceX StarshipтАФjust sold to one of the worldтАЩs biggest NFT collectors, Dubai-based 3F Music.

His Martian masterpiece sold for 0.5 EthereumтАФworth a little under $1,000 at the time of writing.

ZackтАЩs friend and associate Antoni Tudisco, a 3D Artist, recently collaborated with big-name DJ Steve Aoki on a NFT drop that sold for just over $800,000.

тАЬThereтАЩs loads of hype about NFTs out there,тАЭ cautions Zack. тАЬBut artists should do their research, and donтАЩt be disheartened if their NFT doesnтАЩt sell right away. ItтАЩs not just a gimmickтАФit can be a financial lifeline.тАЭ

тАЬThe key is transmediationтАФtaking one form of art, like music, and transferring the magic to another medium,тАЭ he says. тАЬAnd this is really only the beginning.тАЭ

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