Following Doja Cat's successful launch of her non-fungible token under the OneOf platform, Tezos token's price grew bullish by over 24% in the past 24 hours.
At that time, XTZ hit $5.87 before exceeding $6.
Doja Cat Unveils Her Own NFT With Different Tiers
According to a report by Decrypt on Friday, Sept.10, Doja Cat said that she chose to select Tezos for her NFT platform for a reason: to be environment-friendly.
"I don't know that much about NFTs. But what I do know is that they can be bad for the environment and cost a fortune. Mine won't," the 25-year-old singer said.
Doja Cat prefers the Tezos platform because it is focused on a proof-of-stake consensus algorithm compared to the usual proof-of-work algorithm.
As an alternative to Ethereum, the first algorithm is focused on lessening carbon footprints, while the other one uses powerful machines to carry out cryptocurrency activities.
For those who completed their purchase of Doja Cat's NFTs, you can head next to the Planet Doja Discord channel on Sept.20.
Music NFTs and NFT Wallets
Of course, Doja Cat is only one of many artists who have jumped to the NFT bandwagon that is currently trending.
In July, the Dallas Symphony Orchestra released its classical music NFts on the Rarible marketplace.
The NFT bid for the whole video of the May concert started at $50,000. The performance of Mahler's First Symphony was included in the NFT.
The reason why the Dallas Symphony Orchestra decided to launch its classical music NFTs is that the musicians need some assistance amid the COVID scare.
If you are curious about starting investing in NFTs, here are the best blockchain wallets that you can use.
Related Article: N Project as 5th Most Popular NFT! Are These Random Numbers With Black Background Digital Art Really Worth $40 Million?
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Written by Joseph Henry
