Kobalt jumps into NFTs with the release of the ‘Lyric NFT’ collection

Photo credit: Cobalt

Kobalt say they plan to release a lyrical NFT compilation called An Electro Revival.

Kobalt says it is the first global music publisher to release a set of fully licensed NFTs directly to fans. The collaboration comes with Ghanaian visual artist, Afroscope. Each of the digital artworks was inspired by and includes lyrics from the song “Le Petite Morte (a lude)” by singer-songwriter Dawn Richard.

The art blends Afroscope’s previous work on futuristic expressions of African culture and fashion with Richard’s depiction of a powerful, black female superhero, emblematic of the song’s lyrical themes. In total, the digital set contains three individual NFTs to be offered in reserve auctions on the Foundation platform – Foundation.app. The reserve price is set to 1 ETH on August 25. Once the reserve price is met, a 24 auction countdown will begin.

“Dawn and I have a strong mutual respect for each other’s work, and there was a synergy between some of our recent individual visual explorations,” Afroscope adds of the project. “This NFT is special for several reasons. First, it is based on truly moving lyrics by an extremely gifted and inspiring artist. Additionally, it brought together creators from different parts of the globe, demonstrating the power of connection and community in web3.”

“This opportunity was similar to how Kobalt has helped me put together sessions with other like-minded artists and songwriters, but this time they helped connect me with a visual artist as they knew my passion here,” says Dawn Richard.

“I think the artist will be able to create his own ecosystem through spaces like NFTs and the metaverse. I chose Afroscope because I feel his work resonates with my music. Together we both push for the essence of culture and the power of black excellence through our art, concludes Richard.

“Kobalt is always looking for opportunities to explore and embrace new technologies, especially where they can benefit our customers,” said Dan Smith, Senior Manager, Product, Kobalt. “Creative expression is a step into the unknown, and we believe it is of great benefit to reflect this expression in our technology. This collaboration has been rewarding on so many fronts and provides a great learning experience that will help us explore and scale potential web3 opportunities further with our customers.”

Kobalt has more than 13 global offices and the company serves over 700,000 songs, 30,000 songwriters and 500 publishers. On average, Kobalt represents around 40% of the top 100 songs and albums in the US and UK.