Why is Animal Concerts (ANML) crypto rising?

Highlights

• Animal Concerts streams interactive metaverse concerts, where established and emerging artists can deliver next-generation fan experiences.

• It is teaming up with Snoop Dogg and Billy Ray Cyrus for a new song, A Hard-Working Man’. It is expected to release on April 2 during Grammy weekend in Las Vegas.

• The streaming platform, along with Cointelegraph, is producing a 50,000-piece non-fungible token (NFT) drop for the single. 

There are thousands of cryptocurrencies available in the market, and on April 1, a cryptocurrency named Animal Concerts caught investors’ attention amid a declining crypto market.

Animal Concerts crypto is on a spree to launch events and keep the fans engaged with the music of several artists.

In the past months, Animal Concerts has conducted some high-profile live concerts with singer-songwriter Alicia Keys and American rapper Meek Mill.

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On March 31, it announced teaming up with Snoop Dogg and Billy Ray Cyrus for a new song, A Hard-Working Man’. 

The song, produced by Avila Brothers, will release on April 2 during Grammy weekend in Las Vegas. While organizing music events for the users, the platform has also been active in other areas. It has hosted AMA sessions and recently launched the token on Huobi, Bitmart and Gate.io.

On Thursday, it also announced to open up a limited pool with exciting APYs in partnership with Ferrum Network in the next week.

What is Animal Concert (ANML)?

Animal Concerts streams interactive metaverse concerts, where established and emerging artists can deliver next-generation fan experiences. The company works with artists to design and mint personalized NFTs to enhance fans' experience and generate direct revenue for the artists.

Animal Concerts started in 2021 with the idea that music albums sale was waning and music streaming was rising. A situation where artists' revenue was falling, and at the same time, fans were deprived of the interaction and personal connection with their fav musicians. 

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So, Animal Concerts came to align the situation by creating an engaging and interactive concert experience for the fans by the musicians in the metaverse and 2D distribution platforms. Its model is to earn revenue by monetizing the experience through NFTs and creating ad inventory for brands to connect with fans.   

Animal Concerts’ 2022 plans include organizing more than 40 virtual reality concerts with NFT collectables, launching proprietary NFT crypto smart wallet, and a marketplace for NFTs and in-game assets for video games.

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Data Source: coinmarketcap.com

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ANML token details:

ANML is its utility and governance token. The platform plans to use it for buying concert tickets, merchandise, NFTs and several other products in its ecosystem. Besides, the token will also be used as a currency for doing business with Animal Concerts.

Animal Concerts (ANML) jumped 46.54% to US$0.01023 at 4:51 am ET, Friday.

With only 292 holders at the time of writing, the token has a market capitalization of US$2.29 million.

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Its trading volume rose 63.96% in the last 24 hours ahead of the concert and the recent listing on the crypto exchanges.

ANML’s self-reported circulating supply is 225 million, and the total supply is 12.5 billion.

Huobi Global, Gate.io, BitMart, PancakeSwap (V2), and Uniswap (V2) are the crypto exchanges currently to buy, sell, and trade the token.

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Bottom line:

The platform is bridging the gap between artists and fans through streaming live events and the platform where fans can connect and interact with the musicians in the metaverse. However, new projects are coming fast in the crypto space, and investors must not fall for them until they analyze and completely understand them. 

The Crypto market is volatile and risk-prone with several scams. So, they must exercise due diligence while investing in the cryptocurrency market.

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