- Living Opera is turning to emerge technology to give a new voice to prestigious art and artists.
- The opera-centric DAO is utilizing NFTs in order to open up new funding routes to classical musicians.
- The CEO of Living Opera revealed that the premiere Magic Mozart NFT collection is a way of introducing the innovative world of fintech to the traditional one.
In a recent revelation, it has been revealed that a Web3 community that amalgamates classical music with blockchain innovation, Living Opera, is turning to emerge technology. This is being done in order to give a new voice to the esteemed art and the artists who perform it.
The opera-centric DAO is using the NFTs to open up new funding routes for classical musicians outside the limiting legacy institutions. There is no denying that the music industry has emerged as a major adopter of Web3 integration as there have been numerous use cases, such as song rights and digital releases.
The CEO of Living Opera, Soula Parassidis, recently revealed in an interview that the premiere Magic Mozart NFT collection is a method of introducing the innovative world of fintech to the traditional one of classical music and vice versa.
In an explanation of what these NFTs do, Parassidis addressed that these NFTs are key role players in paying tribute to the overall concept of “musikalisches würfelspiele.” It is a dice game that randomly generates music from precomposed options and is certainly one of the earliest examples of generative art.
The COO of Living Opera, Christos Makridis, shared his views on the same and revealed the new path for classical artists and opera singers to sidestep the traditional proposal process for endowments and grants.
The DAO-like structure of Living Opera opens up micro-philanthropy for artists that are involved along with their projects. Parassidis addressed the fact that such innovation is quite rare in an industry that is certainly traditional and even called the Non-Fungible Tokens a catalyst for socio-cultural alteration.
In accordance with the statement released by him, these NFTs can further be utilized as a mechanism to draw attention to voices and art forms and causes that require enhanced visibility.