Following up on his previous announcement at Miami NFT Week that upcoming album “Montega” will include both digital and physical experiences that link the metaverse with the ‘real’ world, French Montana shared more details with ChangeNOW’s Head of PR Mike Ermolaev about French Family Membership, the all-new NFTs community.
According to the 17-time Billboard Global Top 10 rap star, it will include 1,000 “Proof-of-Collection” NFTs, meaning that the holders will receive exclusive and privileged opportunities, allowing them to explore “the full potential of the physical and digital worlds.”
“The evolution of the cryptocurrency and NFT market has shown that NFTs that do not have a community proposal quickly lose their value as they are not based on real benefits but only on FUD and speculation. Furthermore, offering APYs with extreme profitability, as happened with UST/LUNA, turned out to be a failed proposition that only makes users lose their money,” French Montana said.
French Family Membership – A New Decentralized Digital Community
“We want to build a decentralized community in which the community itself can grow individually and collectively through different connected proposals and in which the whole community wins,” the artist said.
French Family Membership will be a digital identity within the French Montana family, with holders having access to events held by French Montana as well as by some of his friends in the USM Metaverse and the NFT marketplace.
French Family Membership holders will be able to create their own virtual fashion brand cross-over with French Montana for 3D avatars or for wearables on 3D avatars in the United States of Mars. There will be more perks for holders, including access to the exclusive and unique collection DRWT PFP, which is currently under construction.
Copyright and Commercial Ownership of the Montega Album
With French Montana’s new production, fans will be able to unlock unique digital and physical experiences through a collection of NFTs called “French Montana’s Music Album NFT” (MTG).
Each MTG NFT will have a different benefit in this collection, with three categories: Super Rare, Rare and Normal. Through an airdrop, members of the French Family Membership will get super rare NFTs with exclusive benefits like the digital version of the Montega album, backstage access to French Montana’s concerts through 2025, and sales rights to the Montega album. This means lifetime copyright and commercial ownership of the new album, with all the money that French Montana earns from the distribution of the album being shared with Super Rare NFT MTG holders – a revolution in both the music and the Web 3, NFTs ecosystems.
“We are creating a truly open and community-driven ecosystem for the French Family. This is not just an NFT project. We are talking about a real revolution in the cryptocurrency industry. The holders of a French Family NFT will truly be part of the French Montana family and, in doing so, will share with the star the benefits of everything we are creating, owning an NFT French Family Membership is not just a matter of commercial rights linked to the Montega album. There is so much more,” said Jeff Watney, the visionary of French Family Membership NFT.
“Web3 gives musicians more control over their art and creation. Most artists only get 12% of what labels make. With 100% control over how my music is distributed, my community can grow. If I’m not mistaken the music industry makes $13m an hour with music and web 3 is definitely a revolution for artists to start gaining more capital,” French Montana said.
There will only be 1,000 French Family Membership NFTs, with 200 being reserved for Whitelist members and 800 for public mint. Allowlist mint will run for three seasons, with the first one having 50 spots. The drop took place on June 20th, with the private mint price of 1 ETH.
Season one holders will have VIP access to French Montana’s party that will be held on August 19, 2022 in Las Vegas. Further details will follow soon.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
