{"id":393346,"date":"2022-01-13T07:41:04","date_gmt":"2022-01-13T04:41:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/lum-to-launch-access-pass-nfts-for-25-globally-known-musicians-2\/"},"modified":"2022-01-13T07:41:04","modified_gmt":"2022-01-13T04:41:04","slug":"lum-to-launch-access-pass-nfts-for-25-globally-known-musicians-2","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/lum-to-launch-access-pass-nfts-for-25-globally-known-musicians-2\/","title":{"rendered":"# L\u00dcM to launch \u2018Access Pass\u2019 NFTs for 25 globally known musicians"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f8f9948ac2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f8f9948ac2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/lum-to-launch-access-pass-nfts-for-25-globally-known-musicians-2\/#Aim_to_onboard_100_artists_in_2022\" >Aim to onboard 100 artists in 2022<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># L\u00dcM to launch \u2018Access Pass\u2019 NFTs for 25 globally known musicians  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNjkxNTUyOGMtZjUzYy00NDViLWI1ODktYWNkM2I1ZjZkZWM1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>U.S.-based music platform L\u00dcM is set to announce 25 partnerships with globally known musicians as part of a re-launch involving NBA Top Shot\u2019s D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>er Labs later this quarter. <\/p>\n<p>L\u00dcM was founded in 2018 and built up a user base of more than 200,000 users with a platform that provided services such as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>, music streaming and micro-tipping for its partnered musicians and fans. <\/p>\n<p>The firm has raised around $4.4 million worth of funding since 2018 according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.crunchbase.com\/organization\/live-undiscovered-music-l%C3%BCm?utm_source=linkedin&amp;utm_medium=referral&amp;utm_campaign=linkedin_companies&amp;utm_content=profile_cta_anon&amp;trk=funding_crunchbase\">data<\/a> from Crunchbase, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/yolarobert1\/2020\/08\/10\/lm-closes-3-million-seed-ii-round-while-partnering-with-ne-yo-to-revolutionize-the-way-fans-and-artists-interact\/?sh=119b7b694016\">partnered<\/a> with popular R&amp;B singer-songwriter Ne-Yo back in 2020. <\/p>\n<p>However, L\u00dcM is now moving on fro that business model and is relaunching on Dapper Labs\u2019 Flow blockchain in March with the focus shifting to musician-related NFTs. <\/p>\n<p>L\u00dcM will initially roll out an NFT marketplace and fan engagement platform alongside NFTs dubbed \u201cAccess Passes.\u201d <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cWhen designing our First Fan Access Passes, every detail was taken into account.<\/p>\n<p>We wanted to create something that felt exclusive, collectible, but looked &amp; felt functional. Something fans will cherish but could expect to use IRL and in the future  music metaverse.\u201d<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/MusicNFT?src=hash&amp;ref_src=twsrc%5Etfw\">#MusicNFT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pnOmfaS7OX\">pic.twitter.com\/pnOmfaS7OX<\/a><\/p>\n<p>\u2014 L\u00dcM (@lum_xyz) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lum_xyz\/status\/1481342613517402112?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nUsers of the platform will be able to buy NFTs tied to their favorite musicians and trade them amongst a community of fans, while long term hodlers will be granted rewards such as priority access to artists\u2019 future NFT drops, exclusive content and live entertainment experiences. <\/p>\n<p>Musicians will be able to build their communities and launch their own Access Passes which can be used to crowdfund projects such as new album releases. It does not require artists to sign away any rights or intellectual property to middlemen according to L\u00dcM.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Aim_to_onboard_100_artists_in_2022\"><\/span>Aim to onboard 100 artists in 2022<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Speaking with Cointelegraph, L\u00dcM CEO and founder Max Fergus was tight-lipped on who the 25 artists will be for the launch but indicated the wider goal is to onboard 100 top musicians in 2022 to \u201ccatalyze the mass adoption of blockchain-enabled <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> by artists, and fans\u201d, while the long term aim is to partner with more than 10,000 musicians.<\/p>\n<p>Fergus stated that L\u00dcM chose to partner with Dapper Labs and launch on Flow due to the successful and user-friendly model of other NFTs projects on the blockchain such as NBA Top Shot: <\/p>\n<blockquote><p>\u201cFor us, we really wanted to model ourselves off NBA Top Shot. A community that was building collective value by bringing players underneath an individual umbrella.\u201d<\/p><\/blockquote>\n<p>NBA Top Shot is the top NFT project on Flow, and has generated more than $848.3 million worth of secondary sales since launch in late 2020 according to data from CryptoSlam. <\/p>\n<p>Fergus stated that L\u00dcM\u2019s shift to the blockchain was part of a push to get behind \u201crevolutionary\u201d Web3 tech and he believes the sector&#8217;s impact on the music industry will be as revolutionary as going from vinyl records to online streaming. <\/p>\n<blockquote><p>\u201cI would put it on a very similar level to that. It&#8217;s an entirely new way of not just experiencing artists and music but a new way of opening up the total addressable market.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Dapper Labs becomes the first NFT company to register to lobby with the US government<\/em><\/strong><\/p>\n<p>Fergus stated that a major issue he sees in the music industry right now is \u201c individual creators trying to monetize their individual fan base,\u201d as he emphasized the importance of introducing a blockchain-based platform that links different communities together.<\/p>\n<p>\u201cBy unifying artists underneath an umbrella, we cannot only cross-pollinate fanbases but easily introduce the blockchain community into artists that maybe they&#8217;ve never even known before,\u201d he said. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/luem-to-launch-access-pass-nfts-for-25-globally-known-musicians\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# L\u00dcM to launch \u2018Access Pass\u2019 NFTs for 25 globally known musicians &#8221; U.S.-based music platform L\u00dcM is set to announce 25 partnerships with globally known musicians as part of a re-launch involving NBA Top Shot\u2019s Dapper Labs later this quarter. L\u00dcM was founded in 2018 and built up a user base of more than&#8230;<\/p>\n","protected":false},"author":1,"featured_media":393347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNjkxNTUyOGMtZjUzYy00NDViLWI1ODktYWNkM2I1ZjZkZWM1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77892,95118,74892,55649,39579],"class_list":["post-393346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crypto-collectibles","tag-nft","tag-tokens","tag-artists","tag-music"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=393346"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/393347"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=393346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=393346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=393346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}