With this move, Winamp becomes another in a series of companies that combine nostalgia with crypto elements. Winamp will offer its NFT at auction via the OpenSea platform between May 16 and 22. All proceeds will go to the Winamp Foundation and charitable donations.
In addition, there will be a separate sale of 1997 NFTs, based on works of art derived from the original interface, and created by the users themselves. Artists will receive 20 percent of the sales of these NFTs, as well as 10 percent of all subsequent sales.
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Customers will receive a blockchain token, associated with an image of the original “skin” or one of its derivatives, which is a common system for NFTs. Customers will first have to “copy, reproduce and display” the image, but will not own it.