OneOf is a green $63M funded music NFT platform for the rest of us
Whitney Houston, Doja Cat, Quincy Jones, John Legend, TLC, Charlie Puth, Jacob Collier, G-Eazy, Alesso H.E.R. AURORA, and The Kid LAROI are among the artists set to release NFTs on the new OneOf platform.
While superstar names and $63 million in seed funding will bring attention to OneOf, its real potential lies in plans to break down the barriers that prevent most artists from launching NFTs and most fans from buying them.
By creating a marketplace built on the well-established Tezos blockchain protocol to track ownership and transactions while pricing their NFTs in US dollars and other traditional currencies rather than cryptocurrency, OneOf simplifies ownership and sidesteps most of the usual environmental issues while still keeping control in the hands of the creator.
The Tezos blockchain uses over 2 million times less energy than other networks such as Ethereum and requires the same energy as sending out a tweet. OneOf will also donate a percentage of its platform revenue from every sale to either a charity of the artist’s choice.
Fans can transact with regular credit and debit cards in over 135 currencies, in addition to top cryptocurrencies and stablecoins.
No-Cost Minting, Fan-Friendly Options & An Emerging Artist Program
OneOf will also offer no-cost minting for artists launching NFTs on its platform.
Unlike Ethereum, which can be upwards of $150 per NFT to mint, artists can then create NFTs on OneOf at affordable prices accessible to all fans, in addition to headline-making “OneOf One” collectibles.
Million-dollar auctions dominate NFT headlines, but platforms like the National Basketball Associations Top Shot have attracted tens of thousands of fans with NFTs like collectible digital trading cards priced as low as $9.
OneOf is also launching an Emerging Artist Spotlight Program to champion new voices through financial and marketing commitments. Initial artists include Barbara Doza, Laura Mvula, and Erick The Architect with more to be announced soon.
OneOf was co-founded by tech entrepreneur Lin Dai, digital media executive Joshua James, and music industry veteran Adam Fell, in partnership with Quincy Jones and Quincy Jones Productions.
The company recently completed a $63 million seed round from investors including VC and environmental activist Bill Tai, founder of East West Ventures and co-founder of 88rising Jaeson Ma, and Suna Said of Nima Capital, participated by ESG fund Sangha Capital, Jack Herrick, Tezos Foundation, and others.
“Blockchain has the ability to democratize ownership and bring economic empowerment to both artists and fans,” says Lin Dai, CEO and co-founder of OneOf. “We are building a technology company with an artist-first ethos and eco-conscious mission to help introduce hundreds of millions of non-crypto native users to blockchain through easy and exciting use cases such as NFTs.”
“Blockchain is a revolutionary technology that will redefine the relationship between consumers, artists, and industries,“ says Bill Tai, one of the earliest investors in Zoom, Dapper Labs, Canva, Wish.com, Treasure Data and more. “OneOf is reshaping NFTs for music how NBA Top Shot reshaped NFTs for sports, and it’s only the tip of the iceberg on what OneOf’s technology can do for the music industry and beyond.”
Sign up at OneOf.com to learn more when their first NFTs launch next month.