Lindsay Lohan Prepares To Enter NFT Market With New Single Titled Lullaby

Lindsay Lohan has said that she is preparing to enter the NFT (non-fungible token) market with a new single called Lullaby.

“I’m about to release my next single ‘Lullaby’ as #NFT in a few hours on fansforever.io,” the 33-year-old actress and singer said on Instagram on Saturday.

The Mean Girls star said “this is a genesis piece and a story in the making!” by adding the hashtags #firstever, #women and #letsgetit.

She added a movable frame of artwork with musical background to the message.

Lohan, speaking with Forbes on Friday, predicted that the latest currency trend will have a major impact on the entertainment industry. (NFTs allow buyers to own digital property through a token on a blockchain.)

“ It’s only a matter of time before everyone in Hollywood and beyond gets involved, ” Lohan said. “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.

The Canyons actress said cryptocurrency will be an essential hub for the creative community.

“Tokenization through NFTs can help content creators and musicians truly own the ownership rights to what they create and allow them to profit as a result,” she said. “ Gamers, for example, spend hundreds of dollars on games like Fortnite: tokenization allows them to sell or trade their investment of time and money, and that’s something that I think needs to be excited about. . ”

The Sick Note star told the outlet that she did not have “ a deep understanding of the [cryptocurrency] worked, ”but became a big fan of the burgeoning movement.

“ Most of us had heard the word bitcoin, or the term blockchain, but there wasn’t a lot of knowledge on the subject, ” actress Confessions of a Teenage Drama Queen said. “ As I started to learn more and get more involved, I quickly realized that my community could benefit from crypto and that I could inform a large segment of society that didn’t was not involved in the blockchain space and introduce it to him. ”

She said that tokenization will also improve the current conditions for show business when it comes to royalties, which she says “ is not the most transparent ” because “ there are multiple parties involved and many coins. mobile.

With tokenization, the process is transferred to the blockchain so that whenever art, music, film, etc. is used or shared, the artist automatically receives royalties. I think it’s a great way to bridge the gap between consumer and artist.