Justin Bieber Tokenizes His Hit Track ‘Company’ as an NFT Collection
Get ready for an exciting development in the world of crypto and music! Justin Bieber, the iconic pop music singer and crypto investor, has announced his plans to tokenize his hit track “Company” as a non-fungible token (NFT) collection. This means that his fans will now have the opportunity to own a piece of the song’s royalties.
The NFT, created by anotherblock, a blockchain-centric music tech platform, will allow fans to earn a 1% royalty from the future streams of the song. The rights to the NFT and the co-production of the song will be held by Axident, another producer of the track.
This groundbreaking move aims to connect fans with music through the power of blockchain and NFTs. By tokenizing “Company,” Justin Bieber is revolutionizing the music industry and giving his fans a unique opportunity to engage with his music in a whole new way.
Bieber Drops His Hit Track ‘Company’ As An NFT
In an exciting development, Justin Bieber has announced that his hit track “Company” will be released as an NFT. Anotherblock, a blockchain-centric music tech platform, will be launching the highly anticipated NFT collection alongside the co-producer of the song, Axident.
Justin Bieber, born in 1994, is a Canadian singer known for his genre-melding musicianship and global influence in modern-day popular music. Through Anotherblock and Axident, Bieber will be dropping his ‘Company’ music track as an NFT collection this Thursday.
The NFT collection will feature a limited edition of 2000 NFTs, and fans who own these tokens will receive a 1% royalty share in the streams of the song. This exciting launch will give fans a chance to not only own a piece of music history but also be part of the success of the song.
Bieber Still Bullish On NFTs Despite Incurring Loss
Despite facing losses from his initial NFT investments, Justin Bieber remains optimistic about the future of non-fungible tokens. Last year, he spent 500 ETH (around $1.3 million at the time) on Bored Ape Yacht Club NFT #3001.
Unfortunately, the prices of Bored Ape Yacht Club NFTs have plummeted, and Justin Bieber’s collection is now worth less than $100,000. However, this setback hasn’t dampened his enthusiasm for NFTs and their potential.
Hot Take:
Justin Bieber’s decision to tokenize his hit track “Company” as an NFT collection not only showcases his innovative approach to music but also highlights the transformative power of blockchain technology. By giving his fans the opportunity to own a portion of the song’s royalties, Bieber is revolutionizing the music industry and creating a stronger connection between artists and their fans. Despite the challenges he has faced with his initial NFT investments, Bieber’s continued belief in the potential of NFTs demonstrates his forward-thinking mindset. As the world of crypto and music continues to evolve, we can expect more artists to follow in Bieber’s footsteps and explore the possibilities of NFTs.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.