NFT

Pharrell Williams Praises Web3 at VeeCon and Says It's 'Scaring the System’

And teases an upcoming project called GODA.

NFT

Pharrell Williams Praises Web3 at VeeCon and Says It's 'Scaring the System’

And teases an upcoming project called GODA.

At Gary Vaynerchuck’s VeeCon event in Minneapolis, Minnesota, Pharrell Williams praised Web3, the blockchain, and NFTs. Williams previously discussed how NFTs are shaping the music industry with Vaynerchuck in April.

At this year’s VeeCon, Williams challenged NFT critics who argue that the assets can’t be “physically touched,” saying that the beauty of the blockchain is exactly that.

“Blockchain and Web3 — it’s unlocking something that is scaring the system,” he said. “They are working really hard to put laws together to try to legislate around your concept, your idea. You all are the most powerful human beings on this planet. You don’t know it yet.”

The two creatives also discussed NFTs and the music industry, with Williams stating that while some musicians are just looking to “make a quick buck” off the technology, it will have long-lasting impacts that will shake up the entire industry. Williams added that NFTs provide artists with more control and access over their royalties, in that every time one of their digital assets sells they will continue to make a profit, versus a physical work that is “one and done.”

Williams also teased an upcoming project called GODA (Gallery of Digital Assets), which he said will be a “safe space for digital artists who have done really well to transition into the digital world,” with a focus on the artists and creatives being comfortable with the transition of their works.

Elsewhere in Crypto, Ledger collaborates with Gary Vee’s VeeFriends to produce a limited edition crypto hardware wallet.

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