Animal Concerts
Crypto Overview
Overview
Animal Concerts is a platform designed to provide immersive metaverse concert experiences and NFT collections. The ANML token serves as the native currency within this ecosystem, intended for purchasing tickets, NFTs, and virtual merchandise.
Purpose and Utility
The primary stated purpose of ANML is to facilitate transactions within the Animal Concerts ecosystem, including: concert ticket purchases, NFT trading, virtual merchandise transactions, and governance participation.
Business Model Analysis
The project focuses on entertainment and digital collectibles, which are permissible activities from an Islamic perspective. The platform does not involve interest-based mechanisms, gambling, or other prohibited activities in its core functionality.
Development and Adoption
The project has shown activity in organizing virtual concerts and releasing NFT collections. They have previously collaborated with artists like Alicia Keys and Future, demonstrating some level of real-world implementation of their stated use cases.
Token Distribution and Governance
The token serves a clear utility within its ecosystem for transactions and governance. While trading activity appears to be a significant aspect of the token's current usage, this doesn't impact its permissibility from a Shariah perspective as actual asset ownership is transferred in these trades.
Crypto Impact
To assign a comfort level investing in Animal Concerts from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Animal Concerts.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.