Invest in Music Streaming Rights with AnotherBlock
If you’re interested in owning a piece of the music streaming industry, AnotherBlock offers a unique opportunity. For the price of ETH 0.017, you can purchase tokens representing a 0.0005% ownership of streaming rights. This includes proceeds from major digital service providers like Apple Music and Spotify.
Stay Tuned for Updates on Royalties
Royalties are typically paid every six months, but AnotherBlock has some exciting updates in store. As long as the copyright protection for the song remains in effect within the jurisdiction of the country, you’ll continue to receive royalties. In the European Union, this protection lasts until the seventieth year after the recording was initially made public.
Secure Ownership on the Ethereum Blockchain
Your ownership percentage for each song is securely stored on the Ethereum blockchain. Additionally, all assets are uploaded to IFPS storage and connected to each non-fungible token (NFT). To purchase tokens, you can use cryptocurrency or a credit card through paper.xyz.
Important Note for US Citizens
Please note that due to regulatory uncertainty, US citizens cannot access minting and royalty claims on AnotherBlock.
Justin Bieber’s Involvement in the NFT Space
Justin Bieber has dabbled in the NFT space before. While he famously purchased Ape #3001 from the Bored Ape Yacht Club for ETH 500 in January 2022, his investment dropped in value by $1.2 million by July 2023. However, he is not directly involved in the sale of Axident’s share of the ‘Company’ streaming royalty rights.
Other Artists and Songs Sold on AnotherBlock
AnotherBlock has previously sold streaming royalty rights to other popular songs, including Rihanna’s ‘Bitch Better Have My Money,’ where 300 NFTs were minted and sold. Axident, the Grammy-nominated producer, songwriter, and publisher, has also worked with renowned artists such as Pitbull and Jason Derulo.
Hot Take: NFTs Revolutionizing the Music Industry
NFTs have the potential to revolutionize the music industry, allowing artists and investors alike to benefit from the ownership and sale of unique digital assets. With platforms like AnotherBlock, the music streaming landscape is transforming, providing exciting opportunities for all stakeholders.
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