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OneRepublic First Major Artist Paid in Bitcoin

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The “Counting Stars” band OneRepublic carried out final week simply exterior of Vienna and was paid totally in bitcoin, the primary American main artist to just accept cryptocurrency, in keeping with a number of reviews Monday (Nov. 22).

The Grammy-nominated band dealt with the cryptocurrency transactions utilizing the Strike peer-to-peer bitcoin fee app.

See additionally: Australia’s Zip to Allow Merchants to Accept Bitcoin Payments, Adds Crypto Trading

“My band and I are so completely satisfied to be part of one thing that we consider is, with out query, the way forward for how funds are transacted for limitless quantities of property, performances, providers, purchases, music, and many others. all over the world,” frontman Ryan Tedder stated in a press release.

“Whether or not it’s artists utilizing NFTs to fund albums with their followers or bands being paid for live shows in crypto, music and tech go hand in hand. With that in thoughts, it solely made sense for us to take the following logical step,” Tedder stated.

Learn extra: Amazon To Accept Bitcoin Payments

OneRepublic’s Vienna present offered out in minutes and adopted the band’s efficiency on the MTV Europe Music Awards in Budapest the weekend prior. Tedder additionally stated that he shall be paid in bitcoin for a non-public live performance in December.

Tedder has change into an fanatic for evolving know-how and has his personal non-fungible token (NFT) assortment, titled Cartoon Assortment Sequence One, from a collaboration with Swiss Graffitipop artist Bustart.

Tedder says the work is supposed to depict a “celebration of the enjoyment discovered as a baby watching Saturday morning cartoons,” in keeping with assortment’s web site.

Tedder is the winner of three Grammys, has offered over 420 million information worldwide and has additionally written a number of primary hits, together with “Counting Stars” and “Apologize” with OneRepublic.

Bustart paints large-scale murals throughout Europe and his work options “cartoon characters and iconic imagery from the previous and current” taken out of context.

You might also take pleasure in: This Week in Payments: Merchants Consider Crypto, Consumers Return to Stores and Fraudsters Target Shoppers

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