Nas Sells Song Royalty Rights Through Crypto Platform Royal

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Nas will be the first music artist to use Royal’s platform, after showing enthusiasm over the crypto space in recent weeks.

Nas – an American rapper and entrepreneur – is selling the rights to two of his songs through Royal, a crypto-based music startup. The platform creates a new way for music artists to profit from NFTs, as visual artists are beginning to do.The first of the songs is “Ultra Black”, which was the lead single from the rapper’s Grammy award-winning album, which has been nominated for a 2022 Grammy award.

Fans will now be able to take partial ownership of each of these songs through “limited digital assets” . These are ‘extended NFTs’ that are embedded with streaming royalty rights, allowing owners to profit from its use.Exactly 760 tokens will be made available for ownership of Ultra Black, whereas 1100 will be provided for Rare. Each collection features Gold, Platinum, and Diamond token tiers, which are increasingly costly while providing greater ownership stake over royalties.

 

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