Megadeth Is Launching Its Own Cryptocurrency
Crypto sells... but who's buying?
As cryptocurrency becomes more and more established, a growing number of musicians have embraced it as a way to get paid. It’s not the only way in which bands and solo artists have begun working with emerging technology — including launching their own NFTs. But why stop at accepting cryptocurrency when you can just launch your own? That seems to be the thinking behind the announcement of $MEGA coin, a cryptocurrency launched by long-running metal band Megadeth.
A new report at Consequence details the band’s new venture — and how it ties in with their existing fan club, Cyber Army. If you’re a Digital or Premium (the two paid tiers) member of the group in question, the band announced, you’ll be getting some $MEGA automatically — but you can also purchase it. Rally currently has the coins valued at $0.529.
Megadeth’s announcement of the crytocurrency went into more detail about what it will be used for. “By buying, holding, and transacting with $MEGA, fans will gain access to exclusives and premium benefits,” the band said via a statement on its website. “Cyber Army members that also hold $MEGA will unlock additional exclusives, access, and offers.”
The announcement also promised “access to exclusive content, special tour access, Q+A’s, hangouts with the band, and special items” for those who have purchased $MEGA. As investments go, it’s probably not the strangest metal-inspired one you could make — but then, we do live in a world where GWAR launched a successful line of NFTs earlier this year.
Thanks for reading InsideHook. Sign up for our daily newsletter and be in the know.
Suggested for you