This mogul singer is now using his creative mind in the NFTs world. CXIP Labs are launching the CXIP DAO. The goal is to let the creators control the NFT market rather than the centralized market places. CXIP further stated that whoever has ever minted the NFT on Ethereum can claim the CXIP tokens and join the DAO.
Several artists have turned the Non-fungible token into the new revenue stream. They’ve also run into new restrictions related to participation and ownership.
CXIP Labs is basically a software development company that emphasizes NFT API Integration. Earlier the company announced the launch of the CXIP DAO, allowing the creators to oversee and govern the future of the NFT market rather than the semi-centralized marketplace like Rarible and Open sea.
Moreover, the advisory council includes the entrepreneur and recording artists Pharrell Williams, Justin Aversano, and Jen Stark. Their Twin Flames collection has registered about 18.4 million in the trading volume all the time, according to the NFT marketplace Open sea.
Also, XCXIP is not really a household name even in the home that owns the cryptocurrency. However, this NFT minting platform founded in 2020 is seeking to represent the artists on the three rising issues:
- Ensuring that artists are getting royalties for the sales of NFT
- Enabling the creators to own the smart contracts which they use to move their tokens
- Making sure the digital assets are not missing
Furthermore, CXIP promises the creators that they will receive their rightfully due without registries and intermediaries.
