- BAND Royalty is the first to create a Music Only NFT Marketplace and the first to offer NFTs and DeFi opportunities based on music royalties
- Each NFT rarity offers a different level of staking in the Band Royalty Pools, ranging from one pool to all three, plus tokens
- NFTs must be staked a minimum of 90 days and a maximum of five years – early termination results in forfeiture of earnings
With non-fungible tokens (“NFTs”) taking various industries and markets by storm, entertainment fintech firm BAND Royalty is staking its claim as a music industry disruptor by being the first company to use NFTs based on music royalties and the creator of the first-ever Music Only NFT Marketplace. Using a new type of art NFT that is also a music NFT DeFi opportunity, the company aims to revolutionize the way fans connect with celebrities and performers own their brands by enabling users to share in royalties whenever their favorite songs are performed.
BAND has already released a first series of NFTs consisting of 3,000 distinct art pieces, using 15 curated images celebrating the music industry’s diversity of people and genres with a DeFi utility divided into eight different rarity levels, from Vinyl NFTs to Double Diamond NFTs. These eight levels are representative of a select quantity and pricing based on the rarity. Each of these levels will also have one of more specific royalty pools for staking. The current offering of NFTs begins at 1 ETH.
- Vinyl Album NFT (#1501-3000)
- Qty: 1500
- ETH: 1
- Royalty Pool: Pick one BAND Royalty Pool
- Vinyl Gold Album NFT (#751-1500)
- Qty: 750
- ETH: 3
- Royalty Pool: Pick two BAND Royalty Pools
- Gold Album NFT (#251-750)
- Qty: 500
- ETH: 5
- Royalty Pool: Pick two BAND Royalty Pools
- Gold Platinum Album NFT (#26-250)
- Qty: 225
- ETH: 7.5
- Royalty Pool: All three Band Royalty Pools
- Platinum Album NFT (#4-25)
- Qty: 22
- ETH: 10
- Royalty Pool: All three Band Royalty Pools
- PRESOLD Platinum Diamond Album NFT (#3)
- Qty: 1
- ETH: 15
- Royalty Pool: All three Band Royalty Pools + Tokens
- PRESOLD Diamond Album NFT (#2)
- Qty: 1
- ETH: 20
- Royalty Pool: All three Band Royalty Pools + Tokens
- PRESOLD Double Diamond Album NFT (#1)
- Qty: 1
- ETH: 25
- Royalty Pool: All three Band Royalty Pools + Tokens
The three BAND Royalty pools include publishing, mechanical/public performance, and synchronization. Owning a BAND NFT does not allows stakers access or ownership to the company’s top-tier music artist royalty pools. These are reserved for those who stake their BAND NFTs. Staking does not equal ownership; it only provides access to income from the various royalty streams.
Each of the BAND NFTs must be staked for a minimum of 90 days to a maximum of five years. Those who stake their NFTs longer get proportionally increased amounts of the royalty shares. Each of the NFTs is locked during the staking period. Any earned income is calculated and held in reserve, awaiting completion of the staking period for payout. Terminating the staking of the NFT before the allotted time will result in a forfeit of earnings, which will be dispersed to other stakers.
There are four ways that BAND NFT stakers can earn: 1) 50% from all BAND Royalty music catalog revenue, 2) 50% of any auctions of single BAND music tracks sold, 3) 5% on BAND NFTs traded on company’s platform, and 4) 5% from re-selling music royalties on the BAND platform.
The BAND Royalty performance music catalog features tracks from some of the biggest names in music, including Jay-Z, Beyonce, Missy Elliot, Cher, Rihanna, Justin Timberlake, and more. The company intends to release up to 12,000 unique tokens across four series in the near future The funds generated 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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