Lindsay Lohan supplies tips about learn how to earn a living utilizing NFTs | Join FM | Native Information Radio

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Lindsay Lohan are some tips on how to make money on the NFT craze.

Simply put, NFTs, known as non-fungible tokens, allow buyers to exercise sole ownership of a unique piece of digital media such as individual songs, videos, and images.

The Mean Girls star recently took advantage of the buzz by turning her new single “Lullaby” into an NFT, which sold for $ 85,000.

Speak with interview Magazine, Lohan, 34, introduced a seven step plan telling others how to make money from the excitement she believes will last a long time.

The first piece of advice is to create a marketable NFT. “I believe that what makes a great NFT is to create something that tells a story through a new medium,” she says, “and tell it in a more authentic way.”

Lohan also explains the more technical steps involved in creating an NFT, from properly minting a work to properly backing it up and the money it makes.

As for making money, the Freaky Friday star says in step six, “There are a number of different ways you can do this, but the best way to get discovered is to build a community that is your creative personality from day one involves. Give people something more than just an NFT. “

“Access to a stronger creator-buyer relationship is key,” Lohan points out.

The actress also explains that building a community provides more “selling power” that can later be used to “empower other smaller artists to keep the cycle going”.

The best-selling NFT to date is owned by an artist named Beeple, who sold his digital artwork for a whopping $ 69 million.

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Lindsay Lohan unveils new single Lullaby as NFT | Leisure

Lindsay Lohan entered the NFT market with her new single “Lullaby”.

The 34-year-old singer and actress shared a teaser of the track on social media over the weekend, which she made available via the digital platform FansForever.

She told her 8.7 million followers on Instagram: “I’m about to release my next single” Lullaby “as #NFT in a few hours on This is a Genesis piece and a story in the making! # Firstever #women #letsgetit @justinsun (sic) “

The ‘Mean Girls’ star had previously predicted that NFTs (non-fungible tokens), an emerging market within the blockchain, could sell unique digital art and goods with a single impression known as ‘tokens’, will soon be all the rage. Hollywood and Beyond “.

In an interview with Forbes, she said, “It’s only a matter of time before everyone in Hollywood and beyond gets involved. Maybe we’ll see the tokenization of films and how artists are paid for their films, music and art. I see A future where crypto, NFTs, and blockchain will be the norm rather than the exception.

“Lindsay believes her community can” benefit crypto “.

She continued, “Most of us had heard of the word bitcoin or the term blockchain, but there wasn’t much knowledge on the subject.” As I started to learn more and get more involved, I quickly realized that my community Crypto was able to benefit from this and that I could inform and introduce a large part of society that was not involved in the blockchain space. “

And the “Freaky Friday” star insisted that this be welcomed as a fairer way to distribute royalties across the entertainment industry as well, as those are transferred directly to the artist.

She added, “With tokenization, the process is carried over to the blockchain in such a way that the artist automatically receives royalties every time art, music, film, etc. are used or shared. I think this is a great way to have one To build a bridge. ” the gap between consumer and artist. “

For those who get their hands on ‘Lullaby’ at FansForever, it’s Lindsay’s first new music since her 2020 single, ‘Back to Me’.

People like The Weeknd, Kings of Leon, Grimes, Charli XCX, and others are all jumping on the NFT bandwagon.