famous musician Arden Jones plans to use NFTs to pay for parking tickets for fans. ‘Parallel parking’ superstars team up sound.xyz, an emerging music NFT platform, has launched his brand of digital collectibles based on hit singles. Proceeds will be used to pay for parking tickets for fans and strangers around Los Angeles.
Parallel Parking was the hit single that catapulted Jones to fame and landed him a contract with Atlantic Records. With more than 25 million plays on Spotify and Apple Music for him, Jones says a new initiative called the “Parallel Parking Fund” is a way to mark the song’s two-year anniversary.
Exactly 2 years ago today, parallel parking appeared 🖤
stop by @soundxyz_ TO CELEBRATE TODAY + ALL FUNDS WILL GO TO PAY PEOPLE’S PARKING TICKETS!!
🚗 https://t.co/GBSjQZGvSl pic.twitter.com/Z4t3UdOj2g
— Arden Jones (@ArdenJones_) January 21, 2023
In total, there are 100 NFTs based on this project, each worth 0.05 ETH, around $80 at the time of writing. All funds will go into the community wallet and be used to pay for as many parking tickets as possible with random selection. That said, fans can use her Twitter or Instagram to submit outstanding parking tickets to the project.
Why Arden Jones chose to let fans use NFTs to pay for parking tickets
Arden Jones said: “There is an unnecessary excess of parking tickets.” The feeling that “So many ‘no parking’ signs in Los Angeles are intentionally misleading and set up to make money. “
Parking fines in Los Angeles have skyrocketed over the past few years as city officials sought to boost revenue. Today, the parking ticket will set you back about $65. So, based on the number of NFTs sold, at least 100 lucky fans will get paid for tickets by this initiative.
So far, only 18 Parallel Parking NFTs have been sold, raising about 0.9 ETH worth about $1,440. According to Cooper Turley, one of his NFT collectors, it’s an exciting initiative and one with strong ties to music fans and his Web3 community.
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Image credit: Arden Jones
*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Basil is an avid fan of blockchain technology and all its innovations, and is passionate about sharing this story with his audience. He has spent over five years in the crypto space, specializing in research and creating his Web3 content for various media outlets around the world. His work has been published on top his websites such as NFT Plazas, usethebitcoin.com and the European Blockchain Convention. When not thinking about disruptive technology, Basil is busy exploring the outdoors.
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