Akon gets in on the NFT craze, launches AkoinNFT marketplace

This article is for informational purposes only and does not constitute investment advice. Always do your own research (DYOR) before making any financial decisions.
Akon gets in on the NFT craze, launches AkoinNFT marketplace

Music mogul Akon in a recent tweet announced the launch of his NFT marketplace, AkoinNFT.

As a carbon-neutral NFT platform, AkoinNFT will help artists leverage the powerful and unique benefits of this new technology.

The outbreak of the Covid-19 pandemic last year proved to be a huge sticking point for artists and creators alike. Non-fungible tokens (NFTs) have, however, opened up a ton of opportunities for them to leverage a powerful technology (blockchain) and a market worth trillions of dollars in value — the crypto market.

According to the 5 times Grammy-nominated artist, the AkoinNFT marketplace will create, mint, design, and distribute NFTs for creators keen on capitalizing on the nascent yet fast-paced digital art trend.

This doesn't come as a surprise though, the American-Senegalese R&B singer has been an ardent believer in cryptocurrencies and their power to revolutionize the music industry. A few years back, the music mogul announced via a press release his plan to launch a crypto network. That plan, however, has not materialized.

The NFT market unlike any recent crypto trend is experiencing massive adoption, with Snoop Dogg, The Weeknd, and a long list of others set to drop NFTs, a paradigm shift is imminent.

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