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Tokenized Royalties
“Fantasy Hollywood” — Crypto and Community-Owned Characters - a16z crypto
Cuy Sheffieldfuture.a16z.com
Now imagine what might happen if an artist could effectively buy into a song by purchasing some of its tokens on Royal or another platform, and then profit directly from the success of the remix. Suddenly, all the right incentives are aligned. The creators can create, and the owners get paid.
Casey Newton • Is the music industry's future on the blockchain?
By unifying the liquidity for a piece of media and ensuring it is truly unique, collectors can fairly evaluate and bid on media. By providing perpetual equity to creators, creators are able to constantly realize the value of their work. Finally, by providing new offer mechanisms and 3rd party support, new and existing platforms are able to develop ... See more