Royal: Music Tokenization Platform

Kabir903 · Post time 17-10-2023 20:46:29

Edited by Kabir903 at 17-10-2023 08:47 PM

"Royal: Music Tokenization Platform

Royal is a music tokenization platform launched by artists 3LAU and JD Ross. This platform allows artists to sell ownership of their songs to fans in the form of NFTs. NFTs with different copyright weights have varying rights and values. By purchasing these NFTs, fans can share the income generated from royalties with the creators. Users can also sell these NFTs on the OpenSea marketplace, allowing buyers to receive royalties and additional earnings.

Royal tokenizes song royalties, enabling economic sharing between fans and creators. Its aim is to break free from the control of traditional centralized platforms. In November 2021, Royal secured a $5,500,000 funding round with investors including a16z, Paradigm, Coinbase Ventures, and more.

Ritu13 · Post time 18-10-2023 09:50:15

Tokenization is indeed a growing trend.

977Iti · Post time 18-10-2023 16:58:47

NFTs now seem to be very high-end.

Kahn332 · Post time 18-10-2023 20:33:02

I didn't know NFTs could be used in this way.

Kalkin995 · Post time 18-10-2023 20:51:51

With the increasing convenience of NFTs, it's becoming more widely accepted.

Royal: Music Tokenization Platform

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