The Rolling Stones one-of-one NFTs that aren’t NFTs

Quick Take

  • Instead of calling the limited edition NFTs, which accompany vintage, real-life photo slides, the companies handling the drop are calling them Digital Certificates of Authenticity, or DCOAs.
  • The strategy follows recent trend to avoid using NFT terminology when launching a collection of digital collectibles targeting mainstream consumers.

Later this month, fans of The Rolling Stones will be able to purchase one of 40 unique and vintage photos. Each photo will have a non-fungible token, or NFT, linked to the physical collectible which serves as a certificate of ownership.

Just don't call them NFTs.

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The companies managing the drop, OneOf and Globe Entertainment, are using the term Digital Certificate of Authenticity, or DCOA, as their preferred nomenclature. The collection of photos, which come in slide form and are “encased” in transparent plastic frames, will feature “historical moments captured from various tours over the 1960s-1990s,” including some images of Mick Jagger and Tina Turner.

The trend of companies shying away from calling digital assets or tokens with utility NFTs in favor of more generic terminology like digital collectibles appears to be gaining momentum, especially when geared towards mainstream consumers. A recent promotion for a Nicolas Cage vampire movie, Fox Entertainment using tokens as loyalty passes for fans of its show “Masked Singer,” and Reddit's avatars are all examples of NFTs being issued without using the term itself.

NFTs have come to carry a negative connotation for many as scandal and major price deterioration have plagued the digital-assets market, causing some people to sour on the once hot space.

The limited edition The Rolling Stones photo slides and NFTs collection will be available next week and cost anywhere from $199 to $300. Each slide and photo are considered one of one collectors' items.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.


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