FDBL - Friendable Inc. (FDBL) Helping Artists on Fan Pass Platform Earn Additional Revenue Through Contests and Merchandise With NFT Opportunities Coming Soon
- Friendable and Santo Blockchain Labs and Mining Corp. working together for the development of global entertainment and musical artist-driven non-fungible tokens, along with the development of a “Fanpasscrypto” marketplace
- Each NFT is a unique opportunity for a new revenue stream for artists and the two companies
- While the Union of Musicians and Allied Workers (“UMAW”) is bringing grievances against streaming platforms like Spotify and Apple Music, Fan Pass continues to seek and incorporate ways for artists to receive revenue
A non-fungible token (“NFT”) is not a form of cryptocurrency (or a form of monetary value), but represents a digital certification of the value of an item that lives on the blockchain. NFTs create digital contracts, proof of ownership, proof of authenticity, certification, also any other items and business rules that are related to the item, attaching to them through its lifespan – defining what it is and the value it holds. Each NFT is unique based on the information stored in the token’s metadata, including token ID that points to the artwork, image, web domain, or another valuable digital resource.
This new form of digital ownership is being leveraged by mobile technology and marketing company Friendable (OTC: FDBL) to enhance its Fan Pass platform offering to artist members and their fans. Recently, Friendable has signed a Letter of Intent (“LOI”) with...
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