Investing in Royal - a16z crypto

Music NFTs are heading for a breakout. It may be the year of the ear. If 2021 saw the proliferation of profile picture NFTs, 2022 could elevate music NFTs. Musicians, fans, and vertical NFT marketplaces like Catalog could all win big.

Royal’s smart contracts will automatically collect and distribute royalty payments, handling everything from conversions between fiat and on-chain tokens to paying out shares of royalty revenues to LDA holders. Royal collects a small share of royalties as a platform management fee.

music producer 3LAU just sold the first tokenized music album, an NFT version of his album, Ultraviolet, for $3.6 million. The NFT is also redeemable for additional perks such as a customized song. Again, it’s possible for creators to tie directly economic flows to these items, enabling holders of assets to receive revenue from the project as it la... See more

11. Sell a sync license: NFTs offer a potential opportunity for simplifying the sync licensing process. By embedding a complex set of rights and licenses into a fairly liquid digital token, copyright owners can simplify how they issue licenses and how everyone gets paid.