Believe it or not, it seems 3LAU's NFT endeavors are just getting started.

CoinDesk reports that the famed electronic music producer and cryptocurrency pundit has helped bankroll a $7.6 million injection for Showtime, a new "NFT social network." Crypto investment firm Paradigm also backed the funding round for the platform, which allows users to discover and showcase NFT (non-fungible token) art.

Showtime operates in a similar fashion to Instagram. The platform has a dedicated News Feed and allows users to like, comment, and even bid on NFT art shared by creators. "We’re turning the world of social media on its head by putting users beyond platforms," said co-founders Alex Masmej and Alex Kilkka in a statement.

Recommended Articles

general club los angeles

Los Angeles Nightclubs to Require Proof of Vaccination for Entry

The new COVID-19 mandate will go into effect on October 7th.

illenium 30 seconds to mars

Watch ILLENIUM Debut Unreleased Collab With 30 Seconds to Mars

ILLENIUM dropped the alt-rock and EDM crossover, tentatively titled "Wouldn't Change a Thing," at the Las Vegas music festival Life Is Beautiful over the weekend.

bb king

A Posthumous EDM Song From B.B. King Is Being Released By the Blues Legend's Estate

“B.B. King is a cornerstone of Gibson’s music history, and we are honored to bring his legendary music and persona to a new audience."

“Paradigm is inspired by Alex’s vision of building a user-owned NFT social network, and we’re excited to support the Showtime team as they create the premier NFT consumer platform and revolutionize creator monetization," Paradigm’s Arjun Balaji added.

3LAU has established himself as a pioneer in the NFT space. In February 2021 he broke the record for NFT sales in the first-ever tokenized album drop, a benchmark that was eventually eclipsed by an astonishing $69 million sale by elite visual artist Beeple. In April he was announced as one of the judges of NFTs: The Pitch, a Shark Tank-like NFT funding contest that also counts Ashton Kutcher and Mark Cuban as investors.

To find out more about the NFT boom and their collision course with the EDM community, read our interview with the founders of Nifty Gateway, one of the space's most popular marketplaces.

Related

pjimage (1)

3LAU, Ashton Kutcher, Mark Cuban, More to Judge Shark Tank-Like NFT Funding Contest

Snoop Dogg and Linda Xie will also appear as judges for the first-of-its-kind competition, which was developed to "support the most innovative ideas in NFTs."

neon.f0a75b09

The Chainsmokers, Disclosure, More Back Audius In $5 Million Funding Round

The creator economy is throwing their weight behind music's decentralized future.

ClFdzeyWkAA8BSo

Adventure Club's Leighton James and Impossible Brief Launch NFT Clothing Brand, "Overpriced." [Exclusive]

The first Overpriced. auction sale is an NFT hoodie commanding a $25,000 starting bid.

imageedit_2_6576092928

Don Diablo Makes History With $1.2 Million Sale of First-Ever Full-Length Concert NFT

Diablo called the ambitious NFT drop, which sold in four minutes, a "next level sci-fi animated live concert experience."

154214297_275012600662663_8856240710291013047_n

3LAU Sells Record-Breaking $3.6 Million NFT in First-Ever Tokenized Album Sale

The electronic music vet and cryptocurrency pundit broke the record in NFT sales with over $11 million in total bids.

3LAU

3LAU Announces Blockchain-Powered NFT Single, "Everything"

The upcoming single will release on Gemini's Nifty Gateway later this week.

119134476_10157654831726169_1144020969868389436_n

Calvin Harris Shares Preview of NFT Debut With Never-Before-Heard Music

Calvin Harris' dreamy "TECHNOFISH" NFT is a collaboration with longtime creative partner Emil Nava.

rezz deadmau5

Listen to Previews of deadmau5 and REZZ's First-Ever Collab via Trippy New NFT Collection

The audiovisual "Hypnocurrency" NFT drop contains snippets of deadmau5 and REZZ's upcoming song of the same name.