Rare interviews with each of the four members of the Beatles have been formatted as NFTs (non-fungible tokens) and made available in an online auction called The Beatles Collection by the Voices Of Classic Rock Archive , which houses 650 historical interviews and radio programs with major rock artists recorded between 1964 and 2008.
According to NME , the public offering began this Monday, the 6th, and features four separate excerpts of conversations with the band members. The sale of Beatles interviews marks the first time VOCR has entered the NFT market. Each token features a clip with a WAV audio file along with unique artwork of one of the band members.
Check out and follow the auction here.
What are NFTs?
NFTs are unique tokens bought and sold on the blockchain and can sell virtually anything, but in the music market the format became famous after DJ and producer 3LAU raised over 11 million dollars using this feature.
NFTs can represent digital files such as art, audio, videos, and more. They are objects that cannot be exchanged for others of their kind, and therefore are becoming extremely valuable. A recent report from NonFungible.com showed that the NFT market tripled in 2020, with the total value of transactions increasing by 299%. As Rolling Stone , NFTs function like a kind of stock market share.
