FOR IMMEDIATE RELEASE 8/06/21
Artist Fatman Scoop will be donating 30% of his new NFT collection to the City of Miami
Miami, FL: Artist Fatman Scoop will be donating 30% of his brand new rare NFT collection pegged to his new single “Miami” to the City of Miami.The donation by Fatman Scoop is an ode to ‘The Magic City’, which he and producer BLVD have expressed with special thanks to Miami Mayor Francis Suarez who has been working tirelessly in pushing for blockchain adoption in the city.
The city of Miami will be able to use the NFTs at their sole discretion, with all of the perpetual royalties going to the holders of the NFT pieces. The transaction will be facilitated by NFT and DeFi platform ProjectX and NFT marketplace Purple Fly exclusively.
The strategic partnership between ProjectX and Purple Fly marks a new dawn for not only the music industry, but for the art and crypto community. Both teams are proud of being a part of this initiative and have more in store for the global creative and crypto communities.
“We’re proud of being a part of this initiative. But that’s just the first step. We plan to announce more than 15 NFT-related collaborations with A-level celebrities from entertainment, sport and music in the next two quarters.” says John Slyusarev , CEO of ProjectX
Purple Fly is the world’s first NFT-fueled record label, and is an independent imprint which is utilizing groundbreaking blockchain technology to provide a much needed platform for the spectrum of electronic music. The label’s goal is to support collaborations of all forms of art, connecting music with stunning visuals for an immersive experience which goes beyond that of electronic music. It will be releasing NFTs directly on its official website, with each music drop enabling artists to have direct access to their fan base, receiving streamlined support seen like in the days of the Renaissance!
ProjectX works to provide the most secure and simplified way to gain exposure to the NFT market by further developing current investment vehicles with the use of indexes and ETFs. The aim is to create different themed pools of NFTs which include Music, Digital Art, Sports Cards, and KOL issued NFTs to name a few. At the same time projectX is solving the liquidity problem for NFT owners.