1. BITBILIHome
  2. Article

Justin Beiber’s hit song Company to be released as NFT

• 82 views

TL;DR Breakdown

  • Justin Beiber’s hit song Company will be released as an NFT.
  • Fan empowerment and creator recognition through blockchain.

Description

In a groundbreaking move set for September 7, anotherblock, a blockchain-centric music technology platform, collaborates with Andreas Schuller, known as Axident, to release the hit track “Company” as a nonfungible token (NFT), with only 2,000 copies available. Global pop icon Justin Bieber’s song will be transformed into an NFT, providing fans with a unique opportunity … Read more

In a groundbreaking move set for September 7, anotherblock, a blockchain-centric music technology platform, collaborates with Andreas Schuller, known as Axident, to release the hit track “Company” as a nonfungible token (NFT), with only 2,000 copies available. Global pop icon Justin Bieber’s song will be transformed into an NFT, providing fans with a unique opportunity to invest in a stake of the royalties.

Justin Beiber’s Company to have only 2,000 copies

Axident will retain the rights to the song, and NFT owners will gain access to a 1% share of the song’s streaming royalties. This innovative approach highlights the evolving role of fans in the music industry and showcases how blockchain technology and music rights are revolutionizing fan interactions. Axident emphasizes the profound connection that comes with owning a song, which extends far beyond its monetary value.

This connection, previously unattainable by fans, underscores the transformative potential of blockchain technology in the music industry. Originally, “Company” made its mark by entering Australia’s top forty charts and reaching number 53 on the U.S. charts upon its initial release as a single. The track has since garnered over 500 million streams, a testament to its enduring popularity.

Fan empowerment and creator recognition through blockchain

Michel D. Traore, the co-founder and CEO of anotherblock, recognizes the power of delivering universally beloved songs as a means of introducing the masses to Web3 and NFT, the next phase of the internet. “Company” serves as a prime example of a song with immense potential in this regard. Through Web3 tools, music enthusiasts can now access something that was previously beyond their reach.

Traore also emphasizes that the royalty share is being divested by Axident, shedding light on the often underappreciated role of producers in the music industry. He notes that this NFT initiative not only creates a new revenue stream for producers but also enables fans to discover and connect with the talented individuals behind the music. Anotherblock’s track record in Web3 ventures with some of the music industry’s biggest names, including pop sensations The Weeknd, Rihanna, and Martin Garrix, underscores the platform’s commitment to pioneering innovative approaches to music distribution and fan engagement.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Justin Beiber’s hit song Company to be released as NFT

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月6日 20:03
Next 2023年9月6日 23:23

Related articles

  • China blames the U.S. for all its chaos

    TL;DR Breakdown China’s defense minister criticizes U.S. influence and interference at Moscow conference. China seeks to expand military partnerships and joint drills, emphasizing peaceful collaboration. Beijing’s Global Security Initiative promotes dialogue over combat and sanctions. Description The world watched as China’s defense minister took center stage in Moscow, delivering a message that seems to ruffle feathers in the West. As China solidifies its position on the global stage, one thing is clear – the East Asian powerhouse isn’t shying away from calling out what it sees as U.S. interference. Strategic Partnerships … Read more The world watched as China’s defense minister took center stage in Moscow, delivering a message that seems to ruffle feathers in the West. As China solidifies its position on the global stage, one thing is clear – the East Asian powerhouse isn’t shying away from calling out what it sees as U.S. interference. Strategic Partnerships and Defense Innovations In Moscow, China’s emphasis was on partnership and collaboration. China’s military, known for its cutting-edge tech, is eager to rub shoulders with other nations, aiming to enhance its…

    Article 2023年8月17日

  • Bank of Italy’s Milano hub to propel institutional DeFi research

    TL;DR Breakdown Bank of Italy’s Milano hub is set to provide support for Certif Advisory in its latest project. Certif Advisory aims to advance DeFi using its platform. Description The Bank of Italy’s Milano Hub innovation center is set to provide vital support for an ambitious project developed by Cetif Advisory. The focus of this collaboration revolves around researching a secure token ecosystem for institutional decentralized finance (DeFi). Bank of Italy’s Milano hub to help in DeFi research At the core of this endeavor … Read more The Bank of Italy’s Milano Hub innovation center is set to provide vital support for an ambitious project developed by Cetif Advisory. The focus of this collaboration revolves around researching a secure token ecosystem for institutional decentralized finance (DeFi). Bank of Italy’s Milano hub to help in DeFi research At the core of this endeavor lies the exploration of security tokens on secondary markets, which are digitized representations of real-world assets’ ownership. The primary goal of the project carried out in Bank of Italy’s Milano hub is not commercialization but to expand the…

    Article 2023年7月27日

  • Supreme Court halts Biden’s social media crackdown – Why?

    TL;DR Breakdown The U.S. Supreme Court temporarily halted Biden administration’s push to encourage social media platforms to remove “misleading” content, especially about COVID-19. The lawsuit, led by the Republican attorneys general of Missouri and Louisiana, claimed this move infringed on First Amendment rights. The core debate revolves around the difference between “persuasion” and “coercion” when urging platforms to censor content. Description The recent controversial decision by the Biden administration to urge social media giants to take down what it deems “misleading” content, especially concerning the COVID-19 pandemic, has hit a roadblock. The U.S. Supreme Court intervened, casting doubt on whether the White House overstepped its constitutional boundaries. A Battle of Free Speech vs. Coercion When the … Read more The recent controversial decision by the Biden administration to urge social media giants to take down what it deems “misleading” content, especially concerning the COVID-19 pandemic, has hit a roadblock. The U.S. Supreme Court intervened, casting doubt on whether the White House overstepped its constitutional boundaries. A Battle of Free Speech vs. Coercion When the Biden administration moved to push social…

    Article 2023年9月15日

  • Optimism network completes Bedrock upgrade

    TL;DR Breakdown Optimism network has completed its bedrock upgrade which will trigger some major improvements. The network teases future projects and collaborations. The Optimism network, a popular Ethereum Layer-2 solution, completed its highly anticipated “Bedrock” upgrade on June 7th. Developed by OP Labs, this upgrade brings a host of improvements aimed at creating a robust and scalable Web3 ecosystem based on Optimism’s OP Stack software. Optimism network promises major improvements One of the key highlights of the Bedrock upgrade is the implementation of several gas optimizations. Through extensive research and development, the Optimism team has managed to reduce data availability fees on Ethereum by 40%. This reduction in fees is directly passed on to users, resulting in lower gas fees when transacting on the Optimism network. Moreover, the upgrade introduces a crucial enhancement in the form of recognizing chain reorganizations (reorgs) on Ethereum. These reorgs are now reflected in the user’s Optimism balance, allowing for a significant reduction in deposit times. Previously, it took an average of 10 minutes for deposits from Ethereum to achieve finality on the Optimism network….

    Article 2023年6月13日

  • Are crypto addicts a thing? A close look

    TL;DR Breakdown Crypto addiction emerges as a growing concern, with victims likening it to gambling addiction. Castle Craig rehab center in Scotland treats crypto addicts, highlighting the severity of the issue. British MPs debate whether to regulate crypto as gambling or a financial service. Description Cryptocurrency, with its digital sheen of high-tech allure, has captivated countless individuals. But beneath the surface of quick gains and pioneering technology lies a darker, more troubling issue: the emergence of crypto addicts. This new form of compulsion is sounding alarms, challenging lawmakers to grapple with its implications. Trading or Gambling: The Thin Line Drawing … Read more Cryptocurrency, with its digital sheen of high-tech allure, has captivated countless individuals. But beneath the surface of quick gains and pioneering technology lies a darker, more troubling issue: the emergence of crypto addicts. This new form of compulsion is sounding alarms, challenging lawmakers to grapple with its implications. Trading or Gambling: The Thin Line Drawing parallels between the thrills of gambling and the rush of crypto trading, many are arguing for stricter regulations. Just recently, a horde…

    Article 2023年8月14日
TOP