As several artists begin to sell their music in the form of NFT, Nas has decided to make special use of it. The artist has in fact joined forces with the Royal company to sell innovative versions of NFT. These will give fans the opportunity to secure the streaming rights to two tracks from the American rapper. Explanations.
50% of broadcasting rights ceded to NFT holders
Royal will officially launch the sale of NFTs, which will be available in limited quantities, on its official website on January 11. In doing so, Nas will cede 50% of its broadcasting rights for each of the songs concerned. These include titles Ultra Black and Rare which appear respectively on the albums King’s Disease and King’s Disease II of the artist. CEO and co-founder of Royal, Justin Blau was delighted to have allowed Nas to be the first artist to sell rights to broadcast his works on his platform. For him, this partnership is proof that artists are committed to democratize ownership of their music while strengthening connection with their listeners.
” Since the launch of Royal, we have received an overwhelming number of reactions from artists of all genres, who are eager to connect with their fans in new ways. Nas’ involvement, first as an investor and now as the first artist to commit to Royal, is a huge validation of our mission to redefine the ownership of music, and this partnership is only just one. ‘a beginning “, did he declare. Besides Nas, other artists like Logic, Stefflon Don and Joyner Lucas have also chosen to invest in Mr. Blau’s company.
An unprecedented opportunity to make your music known
Nas is not his first experience investing in the cryptosphere. The latter notably took part in a Series B financing round for the benefit of the Coinbase exchange. Moreover, for him, the foray into the world of NFT constitutes a springboard to make your music known in a different way. ” I am always looking for new and unique opportunities to connect with people. So I am delighted to be partnering with Royal as part of their new venture so that the world can connect to my music in a new way. », Declared the American rapper.
In addition to using NFTs to protect the rights to his music, Nas has decided to share the resulting profits with his listeners. This is an unprecedented initiative that proves once again how much the NFT can bring artists closer to their fanbase. In addition, rapper Eminem has also decided to invest in NFTs.
Source: hiphopdx.com
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 in some crypto only increased my enthusiasm. I therefore resolved to study and understand blockchain and its many uses and to relay information relating to this ecosystem with my pen.
