Streamer LIRIK Announces Plans to Release NFT Collection
Popular Twitch streamer LIRIK recently revealed his intention to release a collection of NFTs on the Ethereum blockchain during a livestream. However, this news has divided his audience, sparking both excitement and criticism.
NFTs as a Form of Monetization and Brand Expansion
Digital artists and influencers are increasingly using NFTs as a means to monetize their work and expand their brand presence. LIRIK sees the potential value of NFTs as digital assets, especially given the current hype surrounding metaverses and the future of gaming.
NFT Collection Clarifications
LIRIK made it clear that he is not partnering with any clip-related NFT sites like MyClipsTV, which recently shut down due to copyright issues. However, some viewers accused him of a scam. LIRIK promptly denied these allegations and explained his plans to sell the NFTs directly on his website.
Price Points and Comparisons
LIRIK revealed that he will mint 10,000 NFTs for his upcoming release, with each one priced at $50. He compared this price point to buying a shirt from a merchandise store, emphasizing its affordability.
Backlash Prompts Rethinking of NFT Plans
The intense backlash LIRIK received for his NFT collection has led him to reconsider his plans. He expressed surprise at the negative response and acknowledged the controversy surrounding NFTs.
Understanding NFTs and Their Significance
NFTs are unique tokens that exist on a blockchain, such as Ethereum, and are verified by digital “smart contracts.” These tokens allow digital art enthusiasts to authenticate their purchases and differentiate them from other similar works. In essence, NFTs provide a way to prove the authenticity of digital images.
