Megadeth launches its own cryptocurrency

Megadeth has unveiled its own cryptocurrency, aptly titled $ MEGA.

“$ MEGA is the official cryptocurrency of Megadeth and our community,” proclaimed a message sent to the group. website. “By buying, owning and transacting with $ MEGA, fans will have access to exclusives and premium benefits.”

These benefits increase for members of the Megadeth fan club, known as Cyber ​​Army.

“Members of the Cyber ​​Army who also hold $ MEGA will unlock exclusives, access and additional offers,” the announcement explained. “Premium and Digital Cyber ​​Army members automatically receive free MEGA $. “

Like all cryptocurrencies, the value of $ MEGA will fluctuate continuously. The group recommended holding “at least $ 10 MEGA to gain access to exclusive content, special tour access, Q&A, outings with the group, and special items,” while promising “special things. coming soon for holders of $ MEGA “.

While the concept of cryptocurrency can be confusing to some, there is no denying the rapid growth of the industry. There are currently over 10,000 different cryptocurrencies available for purchase, with Bitcoin, Ethereum, Litecoin, and Dogecoin among the most popular.

Megadeth’s adventure in the crypto world also reflects a growing trend in the world of group goods. Kings of Leon made headlines in March when they became the first group to release an album as NFT, a form of cryptocurrency that contains art or assets, rather than monetary value. . Meanwhile, other artists, including avenged sevenfold and Mike shinoda of Linkin Park – have continued to push the boundaries in the same way, offering limited edition singles, artwork, experiences and more through NFT / Crypto distributions. In April, a Megadeth NFT titled Vic Rattlehead: Genesis sold for over $ 18,000, which further proves the value of the format.