The NFT will be auctioned through OpenSea between May 16th and May 22nd.
Starting May 23rd, Winamp will also sell 20 artworks derived from the original skin. Nineteen pieces will be available in editions of 100, and the remaining one will have 97. They will all sell for 0.08 Ethereum, or around $221 (at the time of writing). The artists receive 10 percent of royalties when later sales are made unless the seller sets a different price.
From now until April 15th, Winamp is offering artists the opportunity to submit Winamp-based NFTs for consideration. For each sale of the selected NFTs, Winamp will award the artist 20 percent of the proceeds.
The team is thrilled to announce the auctioning of Winamp Original Skin as 1/1 NFT AND the launch of Winamp Foundation!🚀 All funds collected will be redistributed to charity projects supporting music & musicians. Curious? https://t.co/jC3zDdNfM5#Winamp #NFT #crypto #nfts pic.twitter.com/NNU8GNDunj— Winamp (@winamp) March 16, 2022
Winamp Foundation promises to donate the proceeds to charities, starting with the Belgian nonprofit Music Fund.
This initiative makes Winamp the latest company to blend nostalgia and crypto. A similar move is being made by LimeWire, the online file-sharing platform that allowed users to download content for free. It is now relaunching as an NFT marketplace.
Increasingly more companies are jumping on the NFT bandwagon as well, demonstrating that NFTs are also a chance to bring back historically significant platforms, and keep them alive for generations to come.