- Singapore-based fandom fintech firm BAND Royalty has introduced its revolutionary music NFTs that include a royalty revenue-sharing platform
- The NFTs’ art DeFi utility features royalties from select songs by popular artists including Cher, Beyonce, will.i.am and Justin Timberlake
- The NFTs are produced as “albums” of differing degrees of rarity and staking power
- Art NFTs, including those anchored to the music industry, have been growing in popularity in recent years and BAND is the first company to establish its own music-only NFT trading marketplace
By now the cat is well out of the bag that non-fungible tokens (“NFTs”) are trending with a growing role in the music industry, catering to fans’ desires to hold collectibles representing their favorite artists but also to fans’ hopes of turning a little profit on the collectibles trading scene (https://ccw.fm/9IQQz).
The rise of music NFTs follows on the heels of low-tech vinyl recordings’ resurgence over the past 15 years, accelerated to overdrive during the past year’s pandemic conditions as an apparent result of fans’ desires for art that transcends the listening experience — especially in the absence of…
NOTE TO INVESTORS: The latest news and updates relating to BAND are available in the company’s newsroom at https://ccw.fm/BAND
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