Rock legend Paul Stanley recently talked to SiriusXM's Jim Norton and Sam Roberts about the future of KISS non-fungible tokens (NFTs) and cryptocurrency.
"Well, we certainly are on the edge of the diving board into NFTs," he said. "That's obviously a natural, and we're flexing our muscles just before we dive in. But that's in the foreseeable future.
"There's so much cryptocurrency out there," he continued. "NFT is almost an experience and possessing an experience. But cryptocurrency — there's enough out there. And clearly there are a few that are much more important and seem to dictate the direction of crypto. So I don't know we can be better at that than they are."
NFTs are a type of digital asset where ownership is recorded on a digital ledger blockchain. Each NFT is unique and can be viewed as a collectible that cannot be duplicated, making them singular and potentially valuable. NFTs can represent digital files, such as art, audio, videos, posters, album art and other forms of creative work.
Most NFTs are a part of the Ethereum blockchain, meaning that they are bought and sold using Ether, a major cryptocurrency.
MEGADETH, AVENGED SEVENFOLD and SLIPKNOT's Clown are among the notable heavy metal musicians who have dipped their toes in the NFT market.
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