Bitcoin Forum

SENSO, a VR token is suddenly in the spotlight following a $7 million purchase from TIDAL — global music and video streaming service co-owned by Rihanna, Daft Punk, Lil Wayne, Chris Martin, and Calvin Harris.

Will this news with huge music celebrities help drive more people to crypto, or will it have the same impact of celebrities promoting crypto last 2017?

Source from Bitcoinist (https://bitcoinist.com/tidal-purchased-7-million-worth-of-sensorium-tokens/)

I think the music industry is already is crypto way back, it's just it is not well adopted. But seeing this kind of move from big celebrities, it might get back into the limelight. I'm looking at the price of Senso and it seems it was not affected by the positive news,

https://www.coingecko.com/en/coins/senso

$0.232443 0.5%

But I will say that it might take long though before it could have a drastic effect to the music industry. It's the fans that are going to used this token so we don't know if they are going to move using Senso to buy albums online or in retail stores.

People already learned from the celebrity controversies in crypto way back 2017. We all know better now.

This massive news seem to have not pushed the token price upwards, but still good traction for the project to be involved with these big artists.

Alright, I read that article and I just don't understand what the function of the token is, and it didn't even get that much of a mention aside from the intro paragraph.  What is the token supposed to do for the celebrities and their virtual reality rave party plans?  Is it going to be like an admission ticket?  If that's the case, is a new token even necessary?

I don't know.  This all sounds like hyped up horse shit to me, but perhaps my attitude is biased by the fact that I don't listen to any of those artists.  However, did I miss a crucial fact about the importance of cryptocurrency to this plan except for the fact that TIDAL bought $7 million worth of SENSO tokens? 

That amount is peanuts for a group of musicians/celebs like the ones listed.  It would be peanuts for any single one of them, in fact.

I think this table below will help understand what is the use case of their token. And yes, purchasing digital tickets for virtual concerts/events or you call it rave party is one of the use cases.

The $7M amount is really not big if you are talking with known artists being involved. Even one of them can shell out that amount easily. But with other artists involved, it will give the project more exposure as their followers will check out this also. Aside from that if you checked their wp, they have long list of their alliances already, can be found in the last page of their whitepaper.

But how far can they influence the crypto market? We don't know yet...

https://sensoriumxr.com/senso-token
https://i.postimg.cc/xdRhv3bL/Screen-Shot-2020-09-02-at-6-02-09-AM.png

You might want to cite the source of that table, else it's a form of plagiarism--I dug further into the link in the OP and found it at https://sensoriumxr.com/senso-token.  Just include that in your post.

I do appreciate the info, and I probably shouldn't have been so lazy to not click on the links.  Not that I completely understand the business of VR entertainment(?).  I'm a Gen X'er who hasn't exactly kept up on these new-fangled technotainment products or how they're involved with cryptocurrency, so I apologize for my ignorance and sloth.

Hey, that's what I said!

Yes, thanks for that. Included the site where I got those info. No need for apologies or whatever you call it.  :P  We have a lot of things to learn in this life and no one can ever catch up with all these advancements in technology.


Haha yeah, I realized that. Just re-phrase what you said.