Non-fungible tokens are all the craze this year, with musicians, many of them not previously familiar with the crypto world getting in on the action. Famous black metal group Behemoth is among those looking to share in on the spoils.
Behemoth are a highly dangerous musical group. This is, at least, the aesthetic with which they have branded themselves over the years. Judging by their actions they are also savy business-men never intent on missing ona great opportunity.
Behemoth, like fellow metalheads Slipknot, Linkin Park, and Megadeth, are launching their own line of Non-fungible tokens. For Behemoth, the occasion is to mark the seventh anniversary of their album the Satanist, presumably because waiting until the 10th anniversary, as most bands might do, could decrease the value of the NFTs.
NFT stands for non-fungible tokens. These are tokens issued in a limited supply, preferably unique on a blockchain. The blockchain is an online, publically available ledger of transactions. Cryptocurrencies such as Bitcoin or Ethereum function on the blockchain.
Many artists have looked to take advantage of the NFT craze by adding their own spin. In the case of Behemoths, the items will be auctioned off. Each of these includes animations connected to the record which the group is celebrating.