- Company’s first line of NFTs features 17 unique pieces of artwork designed to highlight diversity within the music industry
- Each NFT opens royalty opportunities to holders for a catalog of over 50 different songs performed by top artists, including Rhianna, Justin Timberlake, Cher, Beyonce, Jay-Z, and Jane Zhang
- One ETH purchases an NFT and entry into the Music Mogul Club, offering exclusive membership benefits. The first 2100 NFT buyers gain access to the Music Mogul Club and additional membership benefits
- Staking into the royalty pools will begin in July 2021, with stakers earning royalties as early as Q3 2021
“Every Time It’s Played” is an appropriate name for the first line of non-fungible tokens (“NFTs”) released by entertainment fintech company and musi industry disruptor BAND Royalty, as the company’s music catalog offers over 50 songs that earn royalties for NFT holders every time they are played.
The catalog includes songs performed by famous artists such as Rhianna, Justin Timberlake, Cher, Beyonce, Jay-Z, and Jane Zhang. The artists are not directly affiliated with BAND Royalty, which simply owns the royalties for the songs, allowing for royalty revenue whenever a song is played, no matter who the performer.
The company’s first series of NFTs is currently for sale beginning at 1 ETH and also features 17 unique art pieces. The art represents the diversity in the music industry and is unique for this first line of NFTs. In addition, buyers who purchase an NFT for 1 ETH also gain access to BAND Royalty’s new Music Mogul Club. The first 2100 NFT buyers gain access to additional membership benefits. The Music Mogul Club offers NFT holders:
- Access to exclusive concerts
- Exclusive BAND merch
- First access to new NFTs
- Exclusive access to backstage events
- Festival passes
- Discounts on concerts
- Exclusive prize draws
Buyers can purchase NFTs through the company’s first-ever Music Only NFT Marketplace at https://bandroyalty.com/buynfts. After completing the purchase, users can register their NFT into the Music Mogul Club to take advantage of the exclusive member benefits. The access to the club opened in June 2021.
As of July 2021, users can stake their NFT purchases in one of three royalty pools:
- Publishing Royalties Pool
- Mechanical and Public Performance Royalties Pool
- Music Synchronization Royalties Pool
Each NFT must be staked for a minimum of 90 days, up to a maximum of five years. Stakers will be able to begin collecting royalties during Q3 2021. Stakers can earn up to 50% of royalties every time a song in the BAND Royalty catalog is played across all media channels.
The current NFT series consists of eight different rarity levels for a total of only 3,000 NFTs. The largest is the Vinyl Album level (1,500 NFTs at 1 ETH each), stakeable in one royalty pool. Vinyl Gold Album (750 NFTs at 3 ETH each) and Gold Album (500 NFTs at 5 ETH) are stakeable in two royalty pools. Gold Platinum (225 NFTs at 7.5 ETH each) and Platinum Album (22 NFTs at 10 ETH each) are stakeable in all three royalty pools. The rarest categories – Platinum Diamond Album, Diamond Album, and Double Diamond Album, consisting of one NFT each at prices ranging from 15 to 25 ETH and, with access to all three royalty pools and tokens, are already sold out.
The company intends to release up to 12,000 unique tokens across four series in the near future. The next series of NFTs is expected as early as July 2021. All revenue from these upcoming series will be used to expand BAND’s royalty library.
For more information, visit the company’s website at www.BANDRoyalty.com.
NOTE TO INVESTORS: The latest news and updates relating to BAND Royalty are available in the company’s newsroom at https://ibn.fm/BAND
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