BAND Royalty, an entertainment and technology-driven firm and a leading innovator of music-focused NFTs, is changing the way people invest in music, according to a recent One37PM article. By using NFTs and decentralized finance (“DeFi”), the company offers fans an opportunity to buy NFTs of songs and, consequently, earn from the songs’ royalties. The article notes that the service will provide four series of NFTs, with the first one launching on May 5. The first series will include approximately 3,000 NFTs, representing 50 songs from a wide range of well-known musicians, including Beyoncé, Jay-Z, Rihanna, Justin Timberlake, Cher, will.i.am, Timbaland, Missy Elliott and Rihanna. Explaining the buyers can stake their NFTs in one of three music pools: print music, mechanical and public performances, or synchronization to video. “Buyers will get to own some beautiful NFTs featuring original colorful, animated images fashioned in the likeness of top musicians,” the article stated. “Like any NFT, the value of those purchases will rise and fall depending on demand. Because supply is always limited, as long as demand for the NFTs rise, their resale value will increase too. They come in a range of different rarities, from vinyl album to one-of-a-kind diamond albums. . . . Band Royalty has agreements with industry administrators, including ASCAP and BMI, who collect streaming and publishing royalties. Once the program receives the royalties, it pays them out proportionally according to the NFT stakes in the collection pool.”
To view the full article, visit https://ibn.fm/h8Chg
About BAND Royalty
BAND Royalty is a platform founded by Barnaby Andersun and Noble Drakoln and operated by LIBERTY IS PTE LTD. The platform offers music fans the opportunity to earn a share of music streaming royalty by top artists worldwide in the BAND Royalty pool. BAND Royalty is revolutionizing the music world by using technology to help music fans connect in a brand-new way with musicians, allowing music lovers to earn revenue from their passion. To learn more about the company, visit www.BANDRoyalty.com.
NOTE TO INVESTORS: The latest news and updates relating to BAND are available in the company’s newsroom at https://ibn.fm/BAND
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