One of Justin Bieber’s popular songs will be converted into a nonfungible token (NFT) that fans can invest in for a portion of the royalties.<\/p>\n\n\n\n
The blockchain-centric music tech platform Anotherblock and co-producer Andreas Schuller, also known as Axident, will release the song\u201cCompany\u201d as an NFT on September 7, with only 2,000 available.<\/p>\n\n\n\n
While Axident retains ownership of the song’s rights, listeners who own an NFT will be eligible for a 1% royalty share on the song’s streams.<\/p>\n\n\n\n
Axident discussed the importance of listeners in the music industry and how blockchain and music rights facilitate an entirely new realm of interactions.<\/p>\n\n\n\n
The song’s initial release as a single reached number 40 in Australia and number 53 in the United States. The song has accumulated over 500 million streams to date.\u201cCompany\u201d is exemplary of a composition with enormpotential in this regard.<\/p>\n\n\n\n
Through Web3 tools, we can offer music enthusiasts something previously unavailable to the broader public. Traore highlighted that Axident is selling its royalty share.<\/p>\n\n\n\n
\u201cProducers often do not receive the recognition they truly deserve,\u201d he said.\u201cIt is important toto shed light on the songwriters behind the songs .<\/p>\n\n\n\n
The Weeknd, Rihanna, and Martin Garrix are among the most prominent figures in the music industry with whom Anotherblock has collaborated on Web3 projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
One of Justin Bieber’s popular songs will be converted into a nonfungible token (NFT) that fans can invest in for a portion of the royalties. The blockchain-centric music tech platform Anotherblock and co-producer Andreas Schuller, also known as Axident, will release the song\u201cCompany\u201d as an NFT on September 7, with only 2,000 available. While Axident […]<\/p>\n","protected":false},"author":2,"featured_media":21538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-21536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",681,450,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",681,450,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",681,450,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber-150x150.jpg",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber-300x198.jpg",300,198,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",681,450,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",681,450,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",681,450,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",636,420,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/09\/Justin-Bieber.jpg",100,66,false]},"rttpg_author":{"display_name":"Admin CG","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin-cg\/"},"rttpg_comment":0,"rttpg_category":"news<\/a>","rttpg_excerpt":"One of Justin Bieber’s popular songs will be converted into a nonfungible token (NFT) that fans can invest in for a portion of the royalties. The blockchain-centric music tech platform Anotherblock and co-producer Andreas Schuller, also known as Axident, will release the song\u201cCompany\u201d as an NFT on September 7, with only 2,000 available. While Axident…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=21536"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21536\/revisions"}],"predecessor-version":[{"id":21539,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21536\/revisions\/21539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/21538"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=21536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=21536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=21536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}