25/03/2022 Diplo Joins Nas With NFT Drop on Tokenized Royalties Platform Royal

The Grammy-winning DJ will be releasing his new single on the Polygon-powered site.

HLT57EPDQNA2NMELN35OLJ2IWY.jpeg

Diplo (Dave Benett/Getty Images for Ned's Club)

Crypto music startup Royal has nabbed Diplo as its latest star, saying Thursday the DJ and electronic musician will be releasing one of his new songs on the tokenized royalties platform.

The single, “Don’t Forget My Love,” will have its royalty rights embedded in what the platform calls “Limited Digital Assets (LDA),” which are essentially Polygon-based non-fungible tokens (NFT).

The platform is one of the many crypto-based projects looking to shake up the music industry, turning to blockchain and NFTs as a way to loosen the grip of major record labels.

“Diplo is a cultural leader and innovator who always pushes boundaries. We’re incredibly stoked that his fans will have the opportunity to own a piece of his music,” Royal founder and fellow DJ Justin Blau told CoinDesk in a statement. “This drop shows there’s a real, mainstream application for blockchain technology, and the use cases extend beyond independent and enthusiast communities.”

Royal will sell the collection of 2,110 Diplo LDA tokens on March 29. The token’s three tiers correspond to different percentages of ownership, with the cheapest, $99 token giving its owner 0.004% of the song’s streaming royalties and the most expensive, $9,999 tier giving 0.7%.

Royal’s first major artist collaboration was with the famed rapper Nasback in January, who tokenized two songs on the platform after investing in the firm’s$55 million Series Alast year.

Royal has since collaborated with artists Ollie and Verite, with all three collections selling out, so far totaling 413 ether (around $1.2 million) of trade volume on secondary marketplaceOpenSea.

Of the three collections, Nas’s remains the most popular, with the lowest tier holding onto a 0.182 ETH (roughly $546) floor price at the time of writing. The tokens were initially sold for $99.

Other platforms in the crypto music streaming genre includeMODA DAO, a token governance and royalty payments mashup, andAudius, a more traditional-looking streaming site.

Arts

https://www.coindesk.com/business/2022/03/24/diplo-joins-nas-with-nft-drop-on-tokenized-royalties-platform-royal/

Interesting NFTs
Sᴜɴsᴇᴛ Sᴇssɪᴏɴ [Mirage]
The sunset sessions are a 3 piece set inspired by the surreal and enchanting effects the eventide creates. Even the most tortured soul can find a bit of peace when gazing into natures ever changing abstract painting. This is the third and final piece for the 2019 run, however was released late due t
Ringers #109
Art Blocks is a first of its kind platform focused on genuinely programmable on demand generative content that is stored immutably on the Ethereum Blockchain. You pick a style that you like, pay for the work, and a randomly generated version of the content is created by an algorithm and sent to your Ethereum account. The resulting piece might be a static image, 3D model, or an interactive experience. Each output is different and there are endless possibilities for the types of content that can be created on the platform.
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?
#93251
By OthersideDeployer
30K
Artist notes: the halving ceremony is the most unusual part of modern bitcoin production in which the owners bet on how efficiently an alpha can inseminate the market.