Connect with us

Hi, what are you looking for?

Investing

Wu-Tang’s Ghostface Killah Set To Release Exclusive Music On Bitcoin

Popular American rapper and member of the acclaimed hip-hop group Wu-Tang Clan, Dennis David, also known as Ghostface Killah, revealed plans on March 18 to release a collection of exclusive music as Bitcoin Ordinals.

The exclusive music will be released with Ordinal Bots, Rare Scrilla, and NakaPepes.

Ghostface Killah Announced Exclusive Music Release on Bitcoin Ordinals

The American rapper disclosed that the music collection will have a limited supply of 10,000 copies, and the minting process will be free. Holders of these copies will also be eligible for CC0 rights to the music.

Salaam!

I partnered w/ @NakamotosOnBTC @ScrillaVentura & @ordinalsbot to put new exclusive music on bitcoin.

10,000 supply, free mint & holders will have CC0 rights to the music

What communities deserve WL?#nakapepes pic.twitter.com/nER3D5VeiM

— Ghostface Killah (@GhostfaceKillah) March 18, 2024

CC0 rights enable creators, including music artists, to discontinue their copyright and publish their work into the public domain.

This means holders of Ghostface Killah’s exclusive copies can use, remix, or distribute the exclusive music collection without restriction.

The latest announcement suggests the rise of Bitcoin Ordinals utilities, which scale beyond the common outlook of finance.

Bitcoin Ordinals, also called Bitcoin NFTs, are satoshis (smallest units of Bitcoin) minted and inscribed with uploaded music, text, images, or other digital assets or information.

According to Dune analytics data, over 60 million inscriptions (tokenized) have been processed on Bitcoin Ordinals.

This growing adoption rate can see more musicians tokenizing and inscribing more songs to generate more revenues. It can also promote deeper connections between creators and fans.

Alongside his upcoming Bitcoin Ordinals debut, Ghostface Killah teased a whitelist (WL) – individuals or groups who will have early access to his collection release.

The rapper now joins the likes of French Montana, who had recently inscribed unreleased songs using Bitcoin Ordinals.

BREAKING: @FrencHMonTanA just dropped his newest song Bag Curious by inscribing it into Bitcoin in the third largest Ordinal inscription ever!

Listen here:

→ https://t.co/7sQ7qomV2N pic.twitter.com/41k7eY97TX

— Ord.io (@ord_io) March 14, 2024

Hot-Red Rise of Bitcoin Ordinals Continues: A Blessing or Curse

While Bitcoin Ordinals adoption continues to increase, there is a shared concern about its impact on the security of the Bitcoin network and the possible transaction congestion.

According to Bitcoin developer Dashjr, the core Bitcoin code was designed to enable users to limit the size of additional data. Inscriptions can bypass these restrictions by disguising data as program code, however.

PSA: “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam the blockchain. Bitcoin Core has, since 2013, allowed users to set a limit on the size of extra data in transactions they relay or mine (`-datacarriersize`). By obfuscating their data as program code,…

— Luke Dashjr (@LukeDashjr) December 6, 2023

A patched bug that enables inscriptions to exceed data limits has been addressed in a Bitcoin Knot Update to mitigate congestion issues.

Regardless, Dashjr believes more bug fixes will eventually stifle the growth of Bitcoin Ordinals inscriptions and impact development within the Bitcoin ecosystem.

Correct

— Luke Dashjr (@LukeDashjr) December 6, 2023

The Bitcoin expert has also pointed out that existing inscriptions would continue to exist and be valid.

The post Wu-Tang’s Ghostface Killah Set To Release Exclusive Music On Bitcoin appeared first on Cryptonews.

You May Also Like

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...



Disclaimer: impactofincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 impactofincome.com