- Catalog features musical tracks from A-list celebrity musical artists including Beyonce, Justin Timberlake, Demi Lovato, Cher, and more
- NFTs are hosted on Ethereum blockchain with potential trading on OpenSea
- Three royalty pools available for staking: publishing, mechanical/public performance, and synchronization, and tokens will be available in addition to these pools
- Stakers have the opportunity to earn four different ways with the BAND NFTs, but royalties are not a guarantee
- The market has exploded coming into 2021 due to the increased exposure of NFTs, especially after Twitter CEO Jack Dorsey’s sale of his first tweet for $2.9 million
Operated by Singapore-based LIBERTY IS PTE LTD, BAND Royalty is an entertainment technology-driven firm focused on distributing non-fungible tokens (“NFTs”) that allow fans to earn royalties from top songs and artists worldwide. Fans get to take their enjoyment of music to the next level through BAND Royalty NFTs that enable holders to earn crypto from some of the world’s most popular songs. The unique opportunity allows individuals to share income streams each time a song in the NFT catalog is performed.
The pool of BAND’s NFTs leverage a performance catalog that features musical tracks from A-list musicians, including Beyonce, Justin Timberlake, Demi Lovato, Cher, and more, earning royalties every time the catalog is played (https://ibn.fm/hfYT8). The NFTs are hosted on the Ethereum blockchain, with owners of the NFTs being able to trade them on one of the largest NFT marketplaces – OpenSea.
The revenue generated from the BAND music royalty catalog is not guaranteed, much like revenues for market investments cannot be guaranteed. Stakes in the three BAND music royalty pools can range from 90 days to five years once the smart contracts open up at the beginning of Q3 in July 2021. All holders of BAND NFTs during Q2 will automatically qualify for royalty payments in Q2, provided that they stake immediately upon the opening of the royalty pool smart contract.
The royalty pools available for staking include 1) publishing, 2) mechanical/public performance, and 3) synchronization. A share in the royalty pools is only available for those who stake BAND NFTs, and staking does not equal ownership of royalties but provides access to income from the various royalty streams.
BAND NFT stakers earn four ways:
- Earning 50% from all BAND Royalty music catalog revenue.
- Earning 5% on BAND NFTs traded on OpenSea or the BAND platform.
- Earning 50% from any auctions of single BAND music tracks sold.
- Earning 5% from reselling music royalties on the band platform.
BAND Royalty plans on four limited-edition NFT series that will include 3,000 NFTs plus a standard fungible BAND token and BAND app. BAND will issue a total of up to 12,000 NFTs, designed to be stand-alone collector items that provide collectible value – something not seen in other NFTs to date. The first limited-edition NFTs will be launched on May 5, ,2021, followed by the second NFT series in June and a third in August, with various events occurring concurrently.
The market for NFTs has taken off exponentially in 2021 due to a rise in media coverage and mainstream awareness. An example of a recent NFT is the first tweet ever sent by Jack Dorsey, the CEO of Twitter and Square. Dorsey sold this tweet as an NFT for over $2.9 million in March 2021 (https://ibn.fm/avJGF). Other instances of higher-profile NFT sales include the “Everyday: The First 5000 Days”, a digital art piece by artist Beeple that sold for $69.3 million at Christie’s, and a music video by digital artist Slime Sunday and 3LAU that sold for $1.3 million, with the buyer winning the opportunity to name the song (https://ibn.fm/Z8Qte).
Founded by Barnaby Andersun (“BA”) and Noble Drakoln (“ND”), who leverage years of experience in blockchain, e-commerce, and music royalties, BAND Royalty is uniquely positioned to capitalize on the shifting landscape surrounding digital ownership as it launches its NFT offering.
For more information, visit the company’s website at www.BANDRoyalty.com.
NOTE TO INVESTORS: The latest news and updates relating to BAND Royalty are available in the company’s newsroom at https://ibn.fm/BAND
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