Celebrated musician Arden Jones is planning to pay his followers parking tickets utilizing NFTs. The ‘Parallel Parking’ celebrity has partnered with Sound.xyz, an rising music NFT platform, to launch his model of digital collectibles primarily based on the hit single. The ensuing proceeds will likely be used to pay parking tickets for followers and strangers round Los Angeles.
Parallel Parking is the hit single that launched Jones to prominence, permitting him to signal with Atlantic Data. It has amassed over 25 million streams on Spotify and Apple Music, and in accordance with Jones, the brand new initiative, dubbed the “Parallel Parking Fund,” is a technique to commemorate the music’s second anniversary.
parallel parking got here out precisely two years in the past at present 🖤
dropping on @soundxyz_ at present to have a good time + all of the funds will go in the direction of paying off peoples’ parking tickets !!
🚗 https://t.co/GBSjQZGvSl pic.twitter.com/Z4t3UdOj2g
— Arden Jones (@ArdenJones_) January 21, 2023
In complete, there are 100 NFTs primarily based on this undertaking, with every going for 0.05 ETH, roughly $80 as of press time. All of the funds will go right into a neighborhood pockets and, in flip, used to pay as many parking tickets as attainable by random choice. That stated, followers can submit their unpaid parking tickets to the undertaking utilizing Twitter or Instagram.
Why Arden Jones Select To Pay His Followers Parking Tickets Utilizing NFTs
Arden Jones notes that “A whole lot of parking tickets are given out unnecessarily and excessively.” Additionally feeling that “so many ‘No Parking’ indicators in L.A. are purposefully complicated and are set as much as earn a living.”
Parking fines in Los Angeles have skyrocketed up to now few years as metropolis officers sought to extend income. At present, a parking ticket will set you again about $65. Thus, primarily based on the variety of NFTs on sale, a minimum of 100 fortunate followers will get their tickets paid for by this initiative.
Up to now, solely 18 Parallel Parking NFTs have been bought, elevating about 0.9 ETH price about $1,440. In keeping with Cooper Turley, one of many collectors of the NFTs, that is an thrilling initiative, which bonds effectively with music followers and the Web3 neighborhood.
Need extra? Join with NFT Plazas
Be a part of the Weekly NewsletterJoin our DiscordFollow us on TwitterLike us on FacebookFollow us on Instagram
Picture credit score by way of: Arden Jones
*All funding/monetary opinions expressed by NFT Plazas are from the private analysis and expertise of our web site moderators and are meant as instructional materials solely. People are required to completely analysis any product prior to creating any type of funding.
Basil is an avid fan of blockchain expertise and all its improvements, and he’s enthusiastic about sharing this narrative together with his viewers. He has spent over 5 years within the crypto area, specializing in analysis and creating Web3 content material for varied media shops across the globe. His work has been printed on high web sites similar to NFT Plazas, usethebitcoin.com, European Blockchain Conference, and lots of others. When not serious about disruptive applied sciences, Basil is busy exploring the outside.
