Selected artists will receive 20 percent of the proceeds from each sale of their image as an NFT. Proceeds from the sale are expected to be directed to a newly-set up Winamp Foundation, which promises to donate them to charity projects supporting music and musicians.Īs per a website set up by the media player for the initiate, Winamp plans to source the derivative art NFTs through a process that lets artists submit Winamp-based works between now and April 15. Winamp will put the NFT up for auction through OpenSea between May 16 and May 22, followed by a separate sale of 1997 total NFTs based on 20 artworks derived from the original skin. Winamp, the popular third-party media player that dominated the music-streaming industry before 2000, has decided to sell a non-fungible token (NFT) linked to its media player's original 1997 skin.
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