Rapper Nas to let fans own part of his music through NFTs
Legendary hip hop icon Nas will drop nonfungible tokens that let users own streaming royalty rights for the songs “Ultra Black” and “Rare.” Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.”Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get a specific percentage of streaming royalty ownership depending on the token that they hold. “Ultra Black” comes from Nas’ 2021 Grammy award-winning Album King’s Disease, while “Rare” is from the follow-up 2022 Grammy-nominated....
Related News
American rapper Busta Rhymes is looking to get paid in bitcoin. Rhymes made news when he first posted on Twitter about being curious about crypto. The rapper had asked his fans if they knew about crypto. Which resulted in fans shilling the rapper their favorite coins. Busta Rhymes was no doubt overwhelmed with all of […]
SAND’s 40% rally follows a two-month-long correction that wiped out nearly 70% of the token’s market valuation. Sandbox (SAND) refused to go down despite broader negative market sentiment in the past 24 hours. Instead, the altcoin logged a breakaway recovery as traders assessed its recent high-profile partnerships as a sign that the project has strong fundamentals.SAND rose 10.23% to $3.38 at the UTC close on Jan.27, followed by another 5.42% spike to $3.57 on Friday. In contrast, Bitcoin (BTC), dropped 1.41% within the same timeframe.SAND/USD daily price chart. Source: TradingViewSAND....
EDM artist R3HAB and music community anotherblock are using NFTs to share song royalties with everyone involved in the process of launching a song -including fans. The music industry continues to find inventive ways to integrate decentralized technology into new releases to benefit both artists and their fans. Electronic dance music (EDM) artist R3HAB and blockchain-based music community anotherblock released a single on Aug. 19 with the idea of “democratizing music rights.” The nonfungible token (NFT) included in the drop allows holders to earn royalties based on streaming popularity.The....
Music industry experts and leading musicians discussed and showcased NFTs at the 2022 Grammys. The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models. This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acquired Death Row Records with plans to transform the company into the first NFT recording label in the Metaverse. Country music icon Dolly Parton also recently launched her first NFT....
Audius, a “new kid on the blockchain”, is looking to shape an entirely new way of music distribution between artist and fans. AudioCoin breaks down the barriers of traditional music financing, directly connecting artists and fans through a transparent, distributed ledger. Let’s dive in to Audius’ role in music and more on the platform’s native token. The Get Down: What This Platform & Token Is All About For those who are familiar with audio platform Soundcloud, you will understand Audius has gained similar comparisons because of its ‘artist-first’....