Justin Bieber Tokenizes His Hit Track โCompanyโ as an NFT Collection
Get ready for an exciting development in the world of cryptocurrency and music! Justin Bieber, the iconic pop music singer and cryptocurrency investor, has announced his intendsย to tokenize his hit track โCompanyโ as a non-fungible token (NFT) collection. Thisย implies that his fans will now have theย chance to own a piece of the songโs 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 intendsย to connect fans with music through the power of blockchain and NFTs. By tokenizing โCompany,โ Justin Bieber is revolutionizing the music industry and giving his fans a unique opportunity toย participate with his music in a whole new way.
Bieber Falls His Hit Track โCompanyโ As An NFT
In an exciting development, Justin Bieber has announced that his hit track โCompanyโ 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 worldwide influence in modern-day trending music. Through Anotherblock and Axident, Bieber will be dropping his โCompanyโ 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 anย opportunity to not only own a piece of music history but likewise be part of the success of the song.
Bieber Still Bullish On NFTs Regardlessย of Incurring Loss
Regardlessย of facing losses from his initial NFT investments, Justin Bieber remains optimistic about futureย ofย the non-fungible tokens. Aย yearย ago, he spent 500 Ethereumย (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 Bieberโs collection is now worth less than $100,000. Nonetheless, this setback hasnโt dampened his enthusiasm for NFTs and their potential.
Hot Take:
Justin Bieberโs decision to tokenize his hit track โCompanyโ as an NFT collection not only showcases his innovative approach to music but likewise outlines the transformative power of blockchain technology. By giving his fans theย chance to own a portion of the songโs royalties, Bieber is revolutionizing the music industry and creating a stronger connection between artists and their fans. Regardlessย of the challenges he has faced with his initial NFT investments, Bieberโs continued belief in theย capacity of NFTs demonstrates his forward-thinking mindset. As the world of cryptocurrency and music continuesย to evolve, we can expect more artists to follow in Bieberโs 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.
