Justin Bieber’s Hit Song “Company” Transformed Into an NFT, Allowing You to Earn Royalties from Future Streams
Experience Justin Bieber’s chart-topping single “Company” in a whole new way as it enters the realm of digital assets. Thanks to anotherblock, a blockchain-based music technology platform, the song has been transformed into a non-fungible token (NFT).
On September 7, in collaboration with Andreas Schuller, the co-producer of the song known as Axident, anotherblock will release 2,000 NFTs. These NFTs will not only grant fans ownership but also a unique opportunity to establish a deeper connection with the art. While Axident retains the rights to the song, NFT holders will be entitled to a 1% share of the song’s streaming royalties.
Axident recognizes the transformative impact of blockchain technology on the music industry, enabling unparalleled interactions between artists and their fans. He emphasizes the profound connection between fans and the ownership of a song, which was previously inaccessible.
Since its release, “Company” has been a resounding success, reaching Australia’s top 40 and securing the 53rd spot on the US charts. With over 500 million streams, it continues to captivate listeners with its enduring popularity.
Bringing the Possibilities of Web3 to the Masses
Making “Company” an NFT serves as a powerful medium to introduce the wider public to the potential of web3, as noted by Michel Traore, the co-founder and CEO of anotherblock. This initiative offers music enthusiasts an unprecedented experience that was previously unattainable.
Traore also underscores the importance of recognizing the contributions of producers in the music industry. Through this venture, anotherblock aims to shine a light on the creators behind the songs and ensure they receive the recognition they deserve.
Having collaborated with renowned artists like The Weeknd, Rihanna, and Martin Garrix, anotherblock is well-versed in the world of web3 and its transformative possibilities.
Hot Take:
Justin Bieber’s decision to transform “Company” into an NFT not only showcases the evolution of the music industry but also highlights the potential for fans to earn royalties and engage more deeply with their favorite artists. This move by Bieber and anotherblock paves the way for a new era where art and technology intersect, opening up exciting opportunities for both creators and audiences.
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