- The electronic songs will be available as an NFT and on Coinbase Venture ortfolio, Zora.
- The proceeds realized from the NFT sale will go to DJ DAVI who has been giving Armstrong free music lessons.
- Coinbase reported an estimated $1.8 billion in revenue from January to March 31.
While Coinbase has been in the news lately due to its upcoming direct listing, its chief executive officer Brian Armstrong is making an impact in the non-fungibe token (NFT) sector.
Armstrong is working with DJ David Khanjian to release three songs in form of NFTs. He announced the launch on Wednesday, adding that the songs will be available over the coming days as NFT. They will also be available on Zora, a Coinbase Ventures portfolio.
All proceeds from the NFT will go to DJ DAVI
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Armstrong termed one of the songs building great stuff with technology. He has always been very enthusiastic about electronic music. The COVID-19 pandemic also afforded him the opportunity of getting free music lessons from DJ DAVI, as many people also took up hobbies during the period.
“I listened to a lot of electronic music with no vocals as I was coding up the early versions of Coinbase, Armstrong tweeted. He added that all proceeds derived from the sales of the NFT will go to the DJ.