A Grammy-winning artist has defended non-fungible tokens 💪 RAC says 'claiming all NFTs are a scam is about as tone deaf and uninformed as it gets' 👀 He also revealed he has made more income from one NFT drop than in his 15-year career as a musician 💰
RAC says NFTs offer a compelling alternative to streaming services, writing: "I have 3.5 million unique listeners per month on Spotify, yet I made more income from five NFT collectors."A Grammy-winning artist has passionately defended NFTs after a week of negative headlines for the industry.
He began by claiming that ecological concerns surrounding the asset class have been "basically solved" — with Ethereum in the process of moving to a more eco-friendly Proof-of-Stake blockchain, and a series of layer-two solutions handling transactions off the main network.
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