In a special appearance at the Consumer Electronics Show (CES) in Las Vegas this week, pop star Katy Perry announced that she will be working with Theta Labs to bring her NFTs to the public. Her NFTs, or non-fungible tokens, represent the future of digital collectables and digital art, and will be released via a new startup called Crypto Kitties.
Katy Perry is a huge supporter of cryptocurrency, and is rumored to have a private investment in Theta Labs with a reported $10 million in the company. In return, Theta Labs will develop a decentralized video streaming platform.
(Picture: Theta Labs) Theta Labs, a blockchain company that has developed a decentralized network for hosting and distributing content, has announced a partnership with pop star Katy Perry to use the company’s blockchain technology for the singer’s upcoming album.
Celebrities displaying and displaying their non-fungible tokens (NFT) is nothing new in the business. Katy Perry, meantime, is looking forward to releasing a line of NFTs at her upcoming concert ‘Play’ in Las Vegas. The blockchain developer and platform supplier will be Theta Labs.
NFTs by Katy Perry
Katy Perry, an American singer and songwriter, need no introduction. It’s nothing unusual for celebrities to enter the NFT industry. It’s been going on for a long, since since NFTs were introduced. Katy Perry, also, has joined the line.
On her much-anticipated event, the ‘Play’ residency, Katty Perry will debut her NFTs. This ‘Play’ residency will be a 16-show tour that will take place across Las Vegas. The trip is expected to begin before the end of this year and conclude in December 2021.
Katy Perry will collaborate with Theta Labs, a prominent decentralized video platform that operates on its own blockchain, as a result of all of this. Theta Labs will be responsible for all aspects of the NFTs’ formation, trading, and blockchain development and provision.
Despite this partnership, Katy Perry is reported to be acquiring a substantial interest in Theta Labs. This is in direct opposition to both parties agreeing to a win-win situation. Katy Perry’s NFTs will be handled by Theta. Katy Perry, on the other hand, will be a shareholder in Theta Labs.
In addition, Katy Perry’s Tweet on Thursday brought all of this to light. Katy Perry’s NFTs will be supported indirectly by the Google cloud and Sony, since they are the ones that back up Theta laboratories.
Celebrities and their Non-Fiction Texts
These days, almost everyone is involved in the NFT market and business. Celebrities have thrown themselves into the NFTs because of the potential for fast development and financial gain.
Mila Kunis, an actress, recently revealed her NFTs in the form of an animated series dubbed “Stoner Cats.” Jay-Z, the well-known rapper, has previously released NFTs in the form of tokens for his first album.
Many more celebrities, like Snoop Dogg, Paris Hilton, Ellen DeGeneres, and Twitter CEO Jack Dorsey, are fans of NFTs. NFTs are also used by well-known motorsports companies such as McLaren and Ford. Despite searching for methods to generate money during the epidemic, football clubs like as Juventus F.C., the DFB, and others are involved in NFTs.
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