Skip to main content

Dance producer Guy J sells token representing new track’s royalties for 40 ETH

NewsColony
Dance producer Guy J sells token representing new track’s royalties for 40 ETH

The crypto-powered music streaming platform Rocki has sold its first “royalty income right NFT” — a token granting its owner a 50% share in all royalties generated by a specific track’s streams on the site.

The token corresponds to a track titled “Cotton Eyes” that has been exclusively released on Rocki by Malta-based progressive house producer Guy J.

The ERC-721 royalty income right token was auctioned alongside an ERC-1155 “listening right” token, allowing the winning bidder to stream the song for free.

The tokens were sold on decentralized auction protocol Bounce.finance for 40 Ether — worth $25,600 as of this writing as ETH hits new heights for 2020. Guy J said he was intrigued by the concept:

“I’ve always been interested in new music technologies and services that provide artists with new revenue streams and heighten fan engagement.”

Rocki CEO and co-founder Bjorn Niclas described its royalty tokens as opening up new revenue streams for artists and driving unique forms of engagement with fans, stating:

“Regardless of the initial size of their audience, artists can capitalize on their existing fan base with the introduction of Music NFTs.”

Since exiting stealth mode last month, the Rocki platform has seen more than 30,000 tracks uploaded by “several thousand” independent artists. However, the platform is still yet to launch public Beta access, with Rocki claiming the functionality will launch “soon.”

The dance music industry is increasingly experimenting with non-fungible tokens, with electronic artist deadmau5 collaborating on two token launches in the past week.

On Dec. 16, deadmau5 launched collectible tokens hosted on the WAX Blockchain, with packs of 10 NFTs priced at $9.99 and packs of 30 tokens selling for $28.40. The tokens were released the day after a 30-second audio-reactive artwork created by reality artist Sutu accompanied by a sonic loop from deadmau5’s track SATRN was launched on the SuperRare NFT marketplace.

Source: Cointelegraph News Colony | Business News

The post Dance producer Guy J sells token representing new track’s royalties for 40 ETH appeared first on NewsColony.
NewsColony



source https://newscolony.com/dance-producer-guy-j-sells-token-representing-new-tracks-royalties-for-40-eth/

Comments

Post a Comment

Popular posts from this blog

Volunteers book hotel room for homeless man with SingapoRediscovers vouchers

NewsColony Volunteers book hotel room for homeless man with SingapoRediscovers vouchers © The Independent Singapore Singapore — A group of volunteers from the Mummy Yummy Singapore welfare organisation donated their SingapoRediscovers Vouchers to book a hotel room for a homeless man. The man, who was identified as Jayden, did not have a place to live while waiting for the Housing Board (HDB) to allocate him a rental flat. In a Facebook post on Mummy Yummy Singapore’s page on Wednesday (Dec 16), the volunteers said: “We used our $100 Rediscover Singapore vouchers to redeem hotel stay for him and successfully booked 9 days worth of stay at 3 days per voucher.” They added that they were unable to book a longer stay because of higher hotel rates over Christmas and New Year. The volunteers hoped that they would be able to bridge Jayden’s stay until he got a flat. “Thanks our government for giving us these vouchers which in return we can put them to good use for people in need,” th...
Post a Comment
Read more

Chinese stars moonlighting as live-streamers

NewsColony Chinese stars moonlighting as live-streamers Li JIaqi and Yang Mi joined forces to sell products online during coronavirus, blurring the boundaries between conventional celebrities and live streamers. Photo: @TrendingWeibo/Twitter The line between Chinese celebrities and live streamers continues to blur these days. Luxury brands are expanding their pool of friend-of-the-brand endorsements with top live streamers – Louis Vuitton, for example, tapped both actress Song Jia and “lipstick king” live streamer Li Jiaqi for its much anticipated 520 Chinese Valentine’s Day campaign. Celebrities, actors and singers are jumping on the bandwagon to test out their commercial values on e-commerce platforms, with Yang Mi, Li Xiaolu and Michelle Ye Xuan just a few of the screen stars moonlighting on live streaming portals including Taobao, TikTok and Red Book. So why are Chinese celebrities so eager to embrace the battlefield of live streaming e-commerce, and how are they getting on so...
Post a Comment
Read more

Players who breached social-distancing rules put NRL restart at risk, Federal Sport Minister says

NewsColony Players who breached social-distancing rules put NRL restart at risk, Federal Sport Minister says NRL players guilty of breaking social-distancing laws have put the league’s planned return to action at risk, according to the Federal Sport Minister. Key points: The NRL wants to restart its 2020 season — suspended due to the coronavirus pandemic — on May 28 However the league has had to deal players flouting social-distancing rules The National Cabinet will meet on Friday to discuss its approach to resuming elite and community sport The league’s bold bid to resume its competition copped a major blow this week when three of its stars were fined for flouting social-distancing rules . Latrell Mitchell, Josh Addo-Carr ($50,000 each) and Nathan Cleary ($10,000) were also slapped with suspended fines by the NRL for bringing the game into disrepute. The incidents gave critics ammunition to question the league’s ability to follow strict protocol measures required to relau...
Post a Comment
Read more