Megadeth to launch $MEGA its own cryptocurrency

Megadeth to launch $MEGA its own cryptocurrency

ENTERTAINMENT | Dec 03, 2021 | WOZINGA NEWS

Megadeth to launch $MEGA its own cryptocurrency

  • Megadeth has announced the launch of their own cryptocurrency, $MEGA.

By Elah Mae Ariate Wozinga Staff

“$MEGA is Megadeth’s and our community’s official cryptocurrency,” said a note on the band’s website.

“Fans will have access to exclusives and premium rewards by purchasing, holding, and dealing with $MEGA.”

Members of Megadeth's fan club, the Cyber Army, receive additional benefits

“Cyber Army members who also own $MEGA will gain access to additional exclusives, access, and deals,” according to the release. “Members of the Premium and Digital Cyber Army immediately receive some free $MEGA.”

The value of $MEGA, like all cryptocurrencies, will change over time. The band advised holding “at least 10 $MEGA to gain access to unique content, special tour access, Q&A’s, hangouts with the band, and special goods,” while also promising “special things coming up shortly for $MEGA holders.”

Though some may find the concept of cryptocurrencies perplexing, there is no disputing the industry’s tremendous rise. There are presently over 10,000 distinct cryptocurrencies available for purchase, with the most popular being Bitcoin, Ethereum, Litecoin, and Dogecoin.

Megadeth’s venture into crypto world

Megadeth’s foray into cryptocurrency reflects an increasing trend in the world of band merchandise.

 

Kings of Leon made waves in March when they became the first band to release an album as an NFT, a type of cryptocurrency that holds art or assets rather than money.

 

Meanwhile, other artists, including Avenged Sevenfold and Linkin Park’s Mike Shinoda, have continued to push the boundaries in similar ways, delivering limited-edition singles, artwork, events, and more through NFT/Crypto distributes. A Megadeth NFT named Vic Rattlehead: Genesis sold for more than $18,000 in April, showing the format’s value even more.

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