- Innovative music fintech company BAND Royalty launched the first in a unique series of music fan non-fungible tokens (“NFTs”)
- Launch is May 5 at 5pm PST on OpenSea.io the largest NFT marketplace worldwide
- BAND’s NFTs allow fans to collect limited series digital artworks that colorfully represent the diversity of music, with the unique ability to then to turn these BAND NFTs through staking into potential revenue-generators that can access a pool platinum selling artists song revenues
- The BAND Royalty music catalog includes tracks from top artists including high-profile names such as Beyonce, Jay-Z, Justin Timberlake, Cher and Rihanna
- The company is building up to the launch of a new music label, BAND Music Chain Records, as part of its planned NFT blockchain ecosystem that will bring much needed innovation to the music business and align the interests of artists with their fans
Music fans who are passionate about their favorite artists can hardly wait to get online and rave about new releases when they come out, or pine for classics that never grow old when new inspiration is lacking. News about upcoming concert dates and random celebrity interview opportunities get consumed with relish, just like a delicious dinner with friends.
It’s a form of emotional investment that has now found manifestation in a new type of collectable, a new market opportunity that grants fans access for the first time ever to a piece of their favorite artists songs as a royalty stream, thanks to entertainment tech company BAND Royalty’s breakthrough NFT music ecosystem that is set to bring needed innovation to the music industry.
BAND Royalty is the company (operated by Singapore-based LIBERTY IS PTE LTD) that has just now rolled out the first in a series of only 3,000 music art non-fungible tokens (“NFTs”) on May 5 on OpenSea.io, giving the fans of artists such as Beyonce, will.i.am, Timbaland, Rihanna and others the first ever access to a unique type of NFT collectible that not only satiates that fan fervor for a connection with an artist, but for the first time can potentially provide the fan a way to earn money when that song is played, plus if the collectible NFT’s value rises or the music gets significant play rotation, as noted in a recent ONE37pm report (https://ibn.fm/k7Trt).
“The [BAND Royalty] venture marks a new direction for NFTs,” the article states. “While much of the focus of the new technology has been on collecting and admiring beautiful artworks, BAND Royalty now allows fans to monetize their commitment. Not only are they able to build their collections, they’re also able to earn from them without having to sell them—and to get paid for their investment in their favorite musicians.”
In other words these BAND NFTs are, in a sense, like the digital economy evolution of autographed movie posters or baseball cards with the added bonus of being royalty generating. Buyers will get to own (on a non-copyright basis) an original colorful, animated image that celebrates the diversity of music genres, which can then be directly owned, staked or traded.
BAND NFTs come in a variety of rarities, from Vinyl Album NFTs to one-of-a-kind Diamond Albums NFTs. The lower the number of the BAND NFT artwork, the more rare it is (https://ibn.fm/8FEuP).
Once the BAND NFT has been purchased, the holder can decide whether to “stake” it in one of the three BAND Royalty music pool options, across a range of time periods to access added revenue potential. The options for pooled royalties are from published of the music, from public and mechanical performances of the music, or from synchronization within different kinds of visual media such as film, advertisements or video games, across a range from 90 days to five years.
The May 5 BAND NFT release contains the first 3,000 unique, trade-able representations of commissioning artists’ work in what will be a series of four such offerings during the coming months, totaling a maximum of 12,000 BAND Royalty NFTs.
This first BAND NFT Series 1 will be available on May 5, the launch day, on a first-come, first-serve basis through the listing on OpenSea.io. Potential buyers seeking to secure a BAND Royalty NFT need at least 1 Ethereum available in a private ETH wallet (Metamask or Trust Wallet) in order to complete the transaction at OpenSea.
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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