Royal nft nas

royal nft nas

According to Royal, the experiment was a smashing success as tokens in the song are now worth over $6 million and have resulted in more than $600,000 worth of trades on the secondary market.

“I wanted to prove the market for this existed. Until now, NFTs have just been collectibles,” Blau told Decrypt, saying he distributed the 333 NFTs for free to fans, and that those who “invested with their attention” now own assets worth over $8,000.

Blau added that Royal intends to open its platform to many more artists and plans to let fans choose to invest in 1,000 songs by next year.

Royal funding attracts celebs

Even though the company is barely four months old, Royal has already received major interest from investors.

Royal nft nas

It depends on the creators what the benefits are, and they can combine digital art, fan experiences, and songs.

  • Collectors buy – When artists sell royalties of their songs, they are available to customers in the form of non-fungible tokens (NFTs) directly from musicians. Also, in the package containing the token, the performer can add additional benefits for customers.

    For example, when selling royalties from a particular collection of the song Rare performed by Nas, you can also get tickets for the concert, signed vinyl, and more.

  • Earning royalties – When you become the owner of the tokens purchased from the creator, you can claim royalties when they accrued. The payout time now depends on the artist.
  • Token trading – You can manipulate your tokens as you wish and even sell them.
  • Both songs were originally released via Nas’s independent label Mass Appeal and now offer streaming royalty ownership to collectors as LDAs (Limited Digital Assets, a.k.a royalty-bearing NFTs).

    A limited supply of tokens exists for both “Ultra Black” and “Rare,” with streaming royalty ownership separated out into three tiers: Gold, Platinum and Diamond. On top of royalty rights, each tier also yields unique secondary benefits, as laid out below.

    Although the drop hit a snag on its original launch date of Jan.
    11, after a week of extra planning the collection went live today without a hitch today.

    Royal nft nasıl

    Nas’ 2021 Grammy Award winning-album ‘King’s Disease’, from 6pm GMT on January 11.

    Three tiers of tokens will be available to buy, offering different levels of ownership.

    ‘Ultra Black’ tiers: Gold: 0.0143% streaming royalty ownership for £37 ($50) Platinum: 0.0857% streaming royalty ownership for £184 ($250) Diamond: 2.14% streaming royalty ownership for £3679 ($4999)

    Then from 5am, January 12, 1110 tokens for ‘Rare’ (which was originally released as part of 2021’s ‘King’s Disease II’) will be made available, once again spread across three tiers.

    ‘Rare’ tiers Gold: 0.0113% streaming royalty ownership for £73 ($99) Platinum: 0.0658% streaming royalty ownership for £368 ($499) Diamond: 1.5789% streaming royalty ownership for £7358 ($9999)

    “There is a huge opportunity to revolutionise the music industry,” said Royal.

    Royal nft nasa

    One NFT collection will offer royalties from the artist’s song “Ultra Black” from his Grammy-Award winning album King’s Disease. The other collection will offer royalties from his song “Rare,” which is on King’s Disease II.

    The Ultra Black collection will drop at 1 p.m. ET, while the Rare collection will be released at 9 p.m. ET.

    There will be 760 total Ultra Black NFTs available, equal to 50 percent ownership of the song.
    There are three tiers of the collection: gold, platinum, and diamond. There are 500 gold tokens offering 0.0143 percent ownership, 250 tokens offering 0.0857 percent, and 10 tokens offering 2.14 percent.

    Altogether, 1,110 Rare NFTs will be available in a setup to the other collection’s.

    Royal nft nasdaq

    So I am excited to partner with Royal on their new endeavor in order for the world to connect with my music in a new way.”

    Other artists who have invested in Royal include Logic, Disclosure, Kygo, The Chainsmokers, Stefflon Don, and Lucas Joyner.

    “It’s truly novel that fans will be able to own the royalties of their favorite artists. Black music and rap music in particular has a history of entrepreneurial hustle, partnership with community, and artistic expression.
    These themes are built deep in the DNA of the art form,” added Royal’s head of growth, Naithan Jones. “This is why it makes perfect sense to launch Royal with Nas. As an artist and an investor Nas has underscored how important it is to be authentic, to own your value, and to build alongside your community.

    Royal CEO and co-founder Justin Blau (3LAU). “It’s proof that artists across genres feel strongly about democratising ownership of their music, and that they want to be connected to their listeners on a deeper level.”

    This Nas drop is set to be to the first of many ownership-based NFTs released through the Royal platform.

    Nas went on to share a statement that read: “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 endeavour in order for my fans to connect with my music in a new way.”

    Nas recently released his third Hit-Boy produced album, ‘Magic’ but it looks like the collaborators also have plans for a third ‘King’s Disease’ record.

    Nas announced the news via the track ‘Ugly’, which includes the line: “I’m on offence every day until I see the love.

    At last year’s UK streaming economics inquiry, the session involving major labels included a consensus view that a million streams equals around £5k of royalties for the label – $6.8k at the current exchange rate.

    So, let’s say you pay $4,999 for a diamond token of ‘Ultra Black’. Using the majors’ calculations, it takes around 735k streams to generate that amount of money for the label (note: Nas owns the label these tracks were released by: Mass Appeal) but don’t forget you only have a 2.14% royalties share.

    Multiply that up, and the track needs to be streamed around 34.3m times before you’re in profit.

    Considering 2021 was a massive year for music NFTs, it feels as though the time of community music ownership may finally be upon us. Just a few months after launching their new platform Royal, Justin Blau and JD Ross have taken another step towards decentralizing the music industry by recruiting hip-hop legend Nas for the marketplace’s inaugural drop.

    Following the release of 3LAU’s “Worst Case” — which was distributed as a collection of Limited Digital Assets (royalty-bearing NFTs) — Royal will be offering up the streaming royalty rights to two Nas songs.

    The drop is scheduled to go live on Jan. 11 at 1 p.m. ET at royal.io and will be the first live sale of NFTs on the platform.

    With this latest move, Royal has expanded upon its mission to offer collectors ownership in songs via NFTs.

    There are only 760 NFTs available which means everyone else that wants it has to compete in auctions and outbid each other to get one. Auctions and fan demand for the NFT as a collectible can drive the value far beyond the return from the royalties.

    With a creator royalty attached to the NFT, Nas could earn a percentage of every resale of the NFT in perpetuity.

    Does it make sense?

    Selling royalties as NFTs only makes sense for the royalty percentage from secondary sales or if the royalties sell for an amount comparable to what an artist would earn in the next decade at least. With the royalties being the headliner, that’s what’s going to be the point of focus.
    Yes, fans will value the NFT as a collectible but even they will look at the royalties as a point of establishing value.

    Royal.

    Other investors include Logic, The Chainsmokers, Stefflon Don, Joyner Lucas, heavyweight investment firms a16Z, CAA, Coinbase Ventures, and others.

    The $55 million raise follows the initial seed round of $16 million Royal raised in August.

    The Royal platform allows anyone to purchase the right to earn royalties from their favorite songs, while artists raise money from their fans through sales of NFTs.

    CEO Justin “3LAU” Blau co-founded the company.

    3LAU, who has produced for artists like Rihanna, Ariana Grande, and others, said he proved the concept of the platform last month when he gave away 333 limited NFTs representing 50% of streaming ownership in his new song “Worst Case.”

    Over two weeks later, the song is valued at $6 million, and fans own half of that value.

    Gold tier will offer owners 0.0143% streaming royalty ownership for $50, Platinum tier will offer 0.0857% streaming royalty ownership for $250 and Diamond tier: 2.14% streaming royalty ownership for $4,999.

    Until now, fans have only been able to support their favorite artist by streaming/purchasing their music, attending shows and buying merch. With Royal, fans can now invest directly in musicians, connect with them in new ways and experience shared wealth as they rise to prominence.

    “I am always looking for new and unique ways to connect with my fans,” said Nas via statement.
    “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.”

    Created by Blau and Ross, Royal has seen resounding success since its launch in Oct. 2021.

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