It should come as no surprise that The Chainsmokers are the latest artist selling NFTs with startup Royal: they invested in its $55m funding round last November. Their drop takes place on 18 May, and in keeping with previous Royal projects, will offer fans a share of their royalties – master streaming royalties specifically – from their new album.
Artists owning stakes in music NFT companies, or even founding them, is very much the current trend.
German rap stars CRO and Bausa have invested in a startup called Fuel, which is the latest ‘Bandcamp for NFTs’ platform aiming to help artists build and run their own NFT storefronts.
Meanwhile, French musician and YouTuber Tsuko G. is launching a blockchain streaming startup called Meteora. “A Layer-2 Multi-Blockchain, NFT-based interest of music project and metaverse backed by artificial intelligence,” no less!
Finally today, ‘listen-to-earn’ startup Voyage in Paradise, whose plans include including “metaverse concert venues, NFT album release service, music incubator and a Decentralized Autonomous Organization” has signed up DJ duo Rave Republic as a partner.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…