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They can represent digital files such as art, audio, videos, posters, album art and other creative works. This uniqueness makes these tokens valuable. Non-fungible tokens make use of blockchain technology and thus every NFT is unique and cannot be duplicated. LiveXLive’s ( LIVX) Chairman and CEO, Robert Ellin, said, “There is potentially significant value in building a dedicated business to support these new forms of digital assets from both a monetization and promotional perspective.”Įllin added, “Our events across music, pop-culture, gaming, pay-per-view, podcasting/vodcasting and audio align perfectly with the value proposition NFTs represent to supefans and collectors across the world.”
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Live-stream and on-demand content platform LiveXLive plans to launch non-fungible tokens (NFTs) and a digital art content division with its sole focus on creating, producing, promoting and selling NFTs.
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