On Thursday, music artist Rihanna sold a pop song as an irreplaceable token (NFT) according to Web3 Music startup Another Block, the owner will receive a portion of the streaming royalties. The new channel works with copyright holders, including artists, filmmakers and writers, away from a certain percentage of their streaming royalty interests, which are provided as a subdivision of NFT.
The music producer agency collaborated with Kanye West, Travis Skins and WondaGurl to design Rihanna's hottest new single of 2015, "B*Better Have My Money," which gave collectors a portion of the streaming royalties based on another block chain.
When the song first went on sale abroad, it won three times as much platinum sales and nearly 1 billion views on the music sharing platform, according to a press release.
Starting from the 5th in the evening, 300 NFT associated with the concession can be purchased. Rolex gmt International Standard time / at 12:00 US time on Thursday, the price is $210per piece. The company says each holder will receive a portion of 0.0033% of the royalties for online playback of songs.
The company said on Twitter that the series sold out within minutes.
Holders are expected to receive their first royalties on Feb. 16 and pay every six months based on streaming revenue, the company said.
NFT collectors will receive a distinctive handicraft by an NFT artist, a customized music piece and a real-world legal service contract, which defines the terms of streaming royalties and ensures that NFT holders have real-world rights.
Holders can also browse closed but discordant community building, real-world events, and priority access restrictions for upcoming versions of NFT.
The decline in NFT comes before Rihanna's Super Bowl LVII performance on Sunday.
Over the past six months, several other music NFT services have become more and more popular, including Catalog, the core market for single-edition music NFT, Sound.xyz, a music NFT production platform, and Royal, a music identification service platform for DJ and entrepreneur Justin "3LAU" Blau.
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