Ayokenlabs, the leading startup marketplace, is all set to present digital collectibles from sports brands, singers, and influencers across the world.
The firm has raised USD 1.4 million funding in its pre-seed round to support users diversify their revenue streams by trading the digital artifacts.
Joshua King, Chief Executive Officer and Founder of Ayoken stated that the marketplace acts as a link between artists and their fans, giving them stake in their idols’ success.
As per sources, fans will be allowed to buy tokens like album art and behind-the-scenes footage via NFT marketplace. NFT holders will have access to priorly released music and exclusive live events hosted by the creatives.
King mentioned that with the help of VIP cards, followers will be allowed to access songs by these artists livestream even before their release on YouTube, Spotify, or Apple Music.
King has 14 years of expertise in growth, strategy, and innovation consulting along with entrepreneurship.
According to sources, Joshua kickstarted his career by helping in the scaling of AZA (Bitpesa), a Nairobi-centric platform which puts to use bitcoin to enable cross-border transfers, where he was first introduced to blockchain technology and cryptocurrencies.
Ayoken will release NFTs of various major African artists along with others from across the world in the upcoming months.
Meanwhile, the London-headquartered firm has already collaborated with KiDi (Dennis Nana Dwamena), a Ghanian afrobeats musician for the release of his first NFT on 1st of June.
Reportedly, the cross-chain marketplace accepts card payments and crypto, but King mentioned that the business wishes to integrate mobile money in the upcoming years to make it smooth for the people in the developing regions such as Africa to trade. To make it happen, King added that they are in negotiations with various carriers across the continent.