$83,806.00
-3.54%$1,873.59
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-2.13%$129.87
-6.01%$0.999843
0.01%$0.180494
-5.26%$0.695913
-5.12%$0.232397
-0.45%$1,872.94
-6.45%$83,730.00
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-0.67%$14.10
-8.52%$0.27216
-4.70%$19.91
-9.23%$2,238.42
-6.61%$2.52
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-6.59%$0.999431
0.05%$0.181329
-5.48%$86.46
-6.82%$4.28
-6.48%$6.24
-4.33%$306.96
-5.02%$4.74
-4.55%$0.83144
1.06%$1,871.46
-6.56%$0.99869
-0.03%$1.001
0.06%$13.59
-5.27%$1,989.82
-6.62%$28.79
-0.91%$217.03
-2.78%$6.13
-8.79%$5.53
-6.72%$2.73
-9.14%$0.00000778
-8.57%$1.045
-0.05%$48.64
-2.96%$36.49
1.79%$0.104243
5.66%$22.87
-3.38%$0.819798
-2.47%$83,857.00
-3.45%$5.59
-7.03%$0.841143
-7.30%$0.998652
-0.18%$169.99
-6.72%$16.99
-4.67%$1.16
0.03%$244.49
-9.79%$0.02398106
-8.34%$0.3875
-8.21%$10.18
-8.22%$4.57
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-7.52%$1.00
0.00%$3.62
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-7.39%$0.208484
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-7.54%$83,603.00
-3.49%$1,424.99
0.13%$0.485976
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-6.43%$1.12
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1.92%$0.573354
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-9.34%$1.001
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0.22%$0.578824
1.64%$0.01369268
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0.10%$83,241.00
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1.34%$1.001
0.01%$622.39
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-3.40%$0.00000068
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1.04%$0.499275
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0.48%$0.999618
0.04%$3.12
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-3.12%$1.001
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-5.60%$0.727118
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4.59%$0.158566
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1.58%$0.00802154
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0.16%$1,873.48
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0.01%$1.096
-0.01%$0.00683104
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0.51%$1.002
0.24%$0.00000166
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-6.39%$0.00006196
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-7.87%$0.00389471
-6.65%$1.38
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-0.10%$0.00981269
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-8.68%$0.03094557
-1.48%$0.260326
-6.71%$1,855.00
-6.53%$0.676588
-5.79%$1,872.96
-6.49%$1.34
1.22%$0.830174
-8.92%$22.76
-5.01%$2.91
-2.65%$16.67
-7.24%$83,636.00
-3.65%$82,270.00
-4.45%$0.195155
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-5.40%$1,976.99
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1.01%$0.00251021
-6.58%$0.069895
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-9.75%$0.03144722
-6.79%$0.325893
-19.26%$0.115443
-3.65%$1,870.67
-7.14%$1,682.21
-3.67%$0.685102
-6.74%$0.999816
-0.02%$0.01171571
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-13.43%$0.538481
3.07%$0.574546
-6.12%$20.10
-2.35%$2.19
-1.22%$2.17
6.54%$0.254365
-7.46%$2.03
-6.96%Reading
Famed American rapper and songwriter, Nas, is selling partial rights to two of his songs via Royal, an investment platform that allows anyone to own a piece of their favorite music to earn royalties alongside the artist.
“Having Nas be the first artist to sell royalty rights through Royal is an incredible affirmation of our mission,” said Royal CEO and co-founder Justin Blau (3LAU).
“It’s proof that artists across genres feel strongly about democratizing ownership of their music, and that they want to be connected to their listeners on a deeper level,” he added.
Nas is equally as optimistic.
“I am always looking for new and unique ways to connect with my fans, so I am excited to partner with Royal on their new endeavor in order for my fans to connect with my music in a new way,” he said.
The first sale starts on January 11, where users can invest in Nas’ music by buying LDAs, or “limited digital assets”, backed by streaming royalty rights. A representative for Royal told Decrypt that LDAs are Royal's "extended standard of an NFT"—essentially a Polygon-based NFT with additional functionality, in this case, streaming rights.
The songs in question are “Ultra Black,” the lead single from Nas’s 2021 album King’s Disease, and a single from “Rare,” a single from the follow-up 2022 album, King’s Disease II.
Decrypt and Yahoo Finance present: Crypto Goes Mainstream, an afternoon of live conversations with some of the biggest names in crypto to talk investing, mass adoption, NFT collecting, and how to get started with Web 3. November 9, 2021 in Brooklyn.
Both songs have been released by Nas’ independent label Mass Appeal.
This is also not the first time Nas has been involved with Royal. In November last year, Nas joined The Chainsmokers in a $55 million fundraise for the music investment platform.
Royal, self-described as “redefining music ownership for Web3,” is backed by a plethora of investors including Andreessen Horowitz.
In October 2021, 3LAU gave away 50% of the streaming rights to one of his own songs, called “Worst Case.”
Of the song’s total implied value of $12 million, this means fans hold about $6 million worth of the streaming rights to the 3LAU single.
Earlier last year, 3LAU sold an entire music album for $11 million on the Ethereum blockchain—he sold the album as 33 NFTs on Origin Protocol’s Dshop, a decentralized marketplace built on Ethereum and the InterPlanetary Filing System.
LG will shut down its NFT platform, LG Art Lab, on June 17, according to a notice published on its website earlier this month. The project, launched at the height of the NFT craze in September 2022, allowed users to display NFTs on their TVs and partnered with visual artists to launch digital art collections. “As the NFT space continues to evolve, we believe it is the right time to shift our focus and explore new opportunities,” the company stated. Ahead of the closure, all assets currently li...
Two years after they were inscribed on the Bitcoin blockchain, the highly anticipated Taproot Wizards Ordinals collection will go on sale on March 25, the project's creators announced Tuesday. Taproot Wizards will consist of 2,121 Wizard NFTs, modeled after the iconic Bitcoin Wizard meme that surfaced on Reddit in 2013. The collection will be sold in two distinct phases, the first of which will offer Wizard NFTs to those on an allowlist for 0.2 BTC, or $16,340 at today’s prices. An eligibility c...
Tech giant Sony is commemorating 25 years since the launch of Aibo, its companion robot dog, with an officially licensed soulbound NFT collection called "Entertainment Robot Aibo” on the Soneium blockchain. The collection, which cannot be traded or transferred thanks to its soulbound nature, can be minted for free on OpenSea’s NFT marketplace, with users required only to pay a small gas fee to initiate the transaction. In its official Discord community, Soneium’s team wrote that Aibo’s return a...
