Nas drops NFTs which let fans get a share of the royalties for his music
Nas is the newest artist selling a share of his royalties as NFTs.
Image: Kevin Mazur / Getty Images
Hip-hop icon Nas is dropping limited digital assets that will let his fans own streaming royalty rights to two of his songs, Ultra Black and Rare.
Starting 11 January, the tracks will be available as “tokens with embedded streaming royalty rights” in different levels of ownership.
Ultra Black, the lead single from Nas’ 2021 Grammy Award-winning album King’s Disease, will come in a limited supply of 760 tokens. It will be available in tiers: Gold (0.0143% streaming royalty ownership for $50), Platinum (0.0857% streaming royalty ownership for $250), and Diamond (2.14% streaming royalty ownership for $4,999).
Meanwhile, Rare, a single from his 2022 Grammy Award nominated-album King’s Disease II, will be made available across three tiers as well: Gold (0.0113% streaming royalty ownership for $99), Platinum (0.0658% streaming royalty ownership for $499) and Diamond (1.5789% streaming royalty ownership for $9,999). Rare will be available in a limited supply of 1,110 tokens.
The drop is being sold on a first come, first served basis on Royal – the NFT music marketplace that 3LAU launched last year where he dropped the first “fan owned” song Worst Case.
Without further ado.. we're honored to announce Hip Hop legend, innovator and entrepreneur @Nas will be the first artist to drop his music on royal on January 11th! https://t.co/TkyWvOJOvY pic.twitter.com/hQGGXVuPhz
— royal (@join_royal) January 6, 2022
In a statement, 3LAU said: “Having Nas be the first artist to sell royalty rights through Royal is an incredible affirmation of our mission. It’s proof that artists across genres feel strongly about democratising ownership of their music, and that they want to be connected to their listeners on a deeper level.”
Nas went on to share that he’s excited to work with the Royal as he’s “always looking for new and unique ways to connect with his fans.”
Learn more about the upcoming Nas drop at Royal.io.
