Katy Perry to drop NFT collection later this year

Pop music star Katy Perry announced Wednesday that she’s dropping a non-fungible token (NFT) collection, as well as her purchase of a minority stake in Theta Labs, a firm focused on decentralizing peer-to-peer video streaming using blockchain technology. 

According to a Theta Labs release, Perry’s collaboration with Theta Network involves the sale of digital collectibles derived from her approaching “Play” residency in Las Vegas this December.