Rihanna has released a popular song as a non-fungible token (NFT) through Web3 music startup anotherblock. This new platform allows holders to receive partial streaming royalties from the rights holders, including artists, producers and writers. The NFTs are fractionalized, meaning that the rights holders can divest a percentage of their streaming royalty rights. This is a revolutionary way for artists to monetize their music and for fans to own a piece of their favorite artist’s work. It is an exciting new development in the music industry and one that could potentially revolutionize the way music is consumed and monetized.
Deputy, the music producer behind Rihanna’s hit single “B**** Better Have My Money,” is giving back to music collectors through anotherblock. Deputy collaborated with Kanye West, Travis Scott, and WondaGurl to produce the triple platinum track, which has since earned almost 1 billion streams across music sharing platforms. To show his appreciation for music collectors, Deputy is granting a portion of his streaming royalties to them through anotherblock, a platform that allows music fans to collect royalties from their favorite artists. This is a great way for Deputy to show his appreciation for the people who have supported his music and helped it reach its current level of success.
A collection of 300 royalty-linked Non-Fungible Tokens (NFTs) was released for purchase on Thursday at 5 p.m. GMT/12 p.m. EST for $210 each. Each holder of the NFTs will receive a portion of 0.0033% of the streaming royalties for the song. The collection sold out in minutes, and holders are expected to receive their first royalty payout on Feb. 16. Payments will be made every six months based on streaming revenue. This is a great opportunity for music fans to own a piece of their favorite artist’s work and to benefit financially from their streaming success.
Collectors of the NFT can receive unique artwork created by an NFT artist, a custom music track, and a real-world legal contract guaranteeing ownership for the NFT holder. In addition, holders can access a gated Discord community, real-world events, and priority access for upcoming NFT releases. This is a great opportunity for art and music lovers to own a piece of digital art and music that is backed by a legal contract and has the potential to generate streaming royalties. With the NFT, collectors can be sure that their ownership is secure and that they can benefit from the growing NFT market.
Rihanna is the latest artist to join the NFT craze, with the launch of her new NFT drop. The drop includes a limited edition collection of digital art, music, and video content, all of which are available for purchase as non-fungible tokens (NFTs). The drop comes ahead of Rihanna’s Super Bowl LVII performance on Sunday. Several other music NFT services have gained popularity in recent months, including Catalog, Sound.xyz, and Royal. These platforms allow artists to tokenize their music and artwork, allowing fans to purchase and own digital assets that are unique and one-of-a-kind. With the launch of Rihanna’s NFT drop, fans now have the opportunity to own a piece of her art and music in a new and innovative way.
