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The David Bowie estate recently announced that it is launching a series of non-fungible token (NFT) collectibles called “Bowie on the Blockchain.” After the official announcement, however, a number of Bowie’s fans chastised the project, calling it a pyramid scheme. Bowie’s blockchain collectibles will launch at Opensea on September 13, with proceeds from sales going to global nonprofit Care (care.org).
When it comes to NFTs, people seem to either love them or hate them, and recently announced “Bowie on the Blockchain” NFT collection has received some backlash. David Bowie is a famous English singer-songwriter and actor who died in January 2016.
Bowie is considered one of the most influential musicians, known for the album “The Rise and Fall of Ziggy Stardust and the Spiders from Mars” and the hit single “Space Oddity”. The NFT collection will feature artwork that pays tribute to Bowie, and the digital collectibles are supported by the David Bowie estate and a Web3 venture called We Love the Arts.
NFT marketplace Opensea has teased the “Bowie on the Blockchain” NFT collection on Twitter and in a specific chirping Opensea said: “On September 13, David Bowie’s immortal influence will impact yet another new frontier as nine of the world’s leading crypto artists come together to celebrate his legacy and put #BowieOnTheBlockchain.”
Statements from the official announcement indicate that all funds from the Bowie-centric NFT sale will be donated to Care. Bowie’s widow, the supermodel known as Iman, is a global advocate for care.org. Following the announcement, a number of individuals decried the idea of putting Bowie on the blockchain.
“How about we just don’t do the NFT goof and just raise money for charity without using a pyramid scheme,” one user wrote to David Bowie’s official Twitter page. “David Bowie didn’t want this,” another person thought. However, a few people disagreed and mentioned how Bowie created “Bowie bonds.” Bowie bonds were asset-backed securities backed by Bowie’s album sales and funds made from live performances.
“He pretty much pioneered Bowie Bonds but get off lol,” one person soto respond to the person who insisted that the now-deceased musical legend wouldn’t want an NFT compilation to drop.
According to Rolling Stone journalist Jon Blistein, Bowie’s estate “reached out to get Bowie on the Blockchain.” The estate found the solution in the Web3 venture We Love the Arts and co-founder Andrew Keller mentioned concepts such as Bowie Bonds to Blistein in an email.
“The more you think about what the crypto art space really is, the more you realize how ahead of his time Bowie was with some of the ways he engaged with his fans – be it Bowie Art, Bowie World, Bowie Bonds, Bowie Net”, noted Keller.
What do you think of the David Bowie NFT collection idea and the criticism it has received on social media? Let us know what you think about this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Editorial credit: Stefano Chiacchiarini ’74 / Shutterstock.com
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