Justin Bieber’s NFT allows fans to collect Royalties

Music NFT platform AnotherBlock has just dropped another hit maker NFT this time with pop sensation Justin Bieber.

Justin’s 2015 Hit song ‘Company’ which has over 677 million views on YouTube is now a digital asset in which fans of the charming star can own and collect royalties as the melodic song continues to be played across streaming channels and other music rights collection platforms.

WATCH COMPANY HERE

Another one from Anotherblock.

Anotherblock is a music-focused web3 platform that lets you become the shareholder of songs that are being streamed on platforms such as Spotify. this means that when you are an owner of an NFT from another block, whenever that song gets played, you get paid. Essentially by owning an Anotherblock NFT you become a royalties right holder and therefore you own a percentage of your favorite song’s revenue rights.

Anotherblock has been behind some of the most royal royalty-sharing NFTs in the Web3 music space including Rihanna which we wrote about earlier this year here

Grammy giveaway

In a similar fashion to the Rihanna launch, it's actually the producer of this hit record who is valiantly giving away some of his shares in the song for fans to enjoy. Axidnet, the Norwegian-born producer who now lives lavishly in LA, made this magnetic track for Justin’s fourth studio album.

Axident is intentionally giving away a percentage of his stake in the song to his beloved fans for a total of 0.017 ETH each which is around $27 dollars per smart contract.

Every token represents a 0.0005% ownership of the music streaming rights which means for $27 you could collect 0.0005% of Justin’s Company song every time it is played.

Music royalty-sharing NFTs are a game-changer, bridging the gap between artists and their fans. In the Web3 era, this innovative model empowers fans to directly support their beloved artists, producers, and songs. It fosters a deeper, more personal connection, allowing fans to share in the success of their musical icons, creating a win-win scenario that revolutionizes the music industry by uniting creators and their passionate audiences like never before. The NFT will be available from today 7th September and can be found to purchase here on the official Anotherblock website.

The music NFTs are of course supported by the ethereum network which is up 0.34% which is a humble uptrend following the success of on-chain summer which it facilitates.

If you would like to see the video version of this article. Go ahead and click here. You can also collect this as an NFT on opensea here. Follow the hashtag #WTFCrypto to keep up to date with all cryptocurrency and web3 news