BAND Royalty, an enterprising entertainment fintech company, is an industry pioneer to use NFTs based on music royalties and has created the first-ever music-only NFT marketplace. “Using a new type of art NFT that is also a music NFT DeFi opportunity, the company aims to revolutionize the way fans connect with celebrities and performers own their brands by enabling users to share in royalties whenever their favorite songs are performed,” notes a recent article. BAND has already released the first series of NFTs with a DeFi utility divided into eight different rarity levels. Each level represents a select quality and pricing based on the rarity and will have one or more specific royalty pools for staking. “Owning a BAND NFT does not allow access or ownership to the company’s top-tier music artist royalty pools. These are reserved for those who stake their BAND NFTs. Staking does not equal ownership; it only provides access to income from various royalty streams. There are four ways that BAND NFT stakers can earn: 1) 50% from all BAND Royalty music catalog revenue, 2) 50% of any auctions of single BAND music tracks sold, 3) 5% on BAND NFTs traded on the company’s platform, and 4) 5% from reselling music royalties on the BAND platform.”
To view the full article, visit https://ibn.fm/pARCu
About BAND Royalty
BAND Royalty lets music lovers and fans take their enjoyment of music to the next level by offering blockchain-secured BAND NFTs that enable holders to earn crypto from some of the world’s most popular songs. This unique opportunity allows individuals to share in income streams each time a song in the BAND music catalog is performed. The name BAND is derived from the initials of its co-founders, blockchain experts Barnaby Andersun (“BA”) + Noble Drakoln (“ND”). 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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