- The company will offer access to the staking pools for NFT investing during July 2021, with the first revenue from royalties being available for clients in Q3 2021
- BAND NFTs are required mandatory staking (if given the option) for at least 90 days up to five years
- The first 2100 NFT purchasers to register with the Music Mogul Club will be offered additional membership perks
- The entire BAND Royalty Performance Music Catalog can be found on YouTube featuring over 50 songs by popular artists, including Justin Timberlake, will.i.am, Cher, Beyonce, and more
BAND Royalty, an entertainment and technology-driven firm and a leading innovator of music-focused non-fungible tokens (“NFTs”), is changing the NFT buyer’s journey, creating exclusive incentives and making each buyer a member of an exclusive Music Mogul Club.
The Music Mogul Club, scheduled for release at the end of June 2021, is a front-row seat for exclusive concerts, exclusive BAND merchandise, exclusive backstage events, inside access to new NFT releases, festival passes, discounts on concerts and exclusive prize draws.
To begin, at least one BAND NFT must be purchased through the company’s proprietary NFT marketplace. Each NFT in the first series is listed for one Ethereum, requiring a Metamask or Trust Wallet linked account prior to purchasing. For ease of purchase, it is recommended to have an amount slightly over the purchase price to ensure the transaction processes.
Once the NFT has been purchased, it can be registered into the Music Mogul Club. Additionally, the first 2100 NFT holders registering for the Music Mogul Club will gain access to additional membership benefits.
Finally, NFT holders can stake their BAND NFT in the pool of their choosing. These pools include publishing royalties, mechanical & public performance royalties, and music synchronization royalties. These staking poos are scheduled to open in July, with stakers beginning to earn royalties as early as Q3 2021. NFTs must be staked for a minimum of 90 days up to five years.
The BAND Royalty Performance Music Catalog features over 50 songs that NFT stakers can earn royalties from. The entire catalog can be found on the Band Royalty YouTube Channel, featuring prominent artists singing vocals for these songs – including Justin Timberlake, Cher, will.i.am, Beyonce, Jay-Z, and more.
Additionally, the company’s Limited-Edition Music NFTs Series 1: Every Time It’s Played features 15 unique art pieces that depict the diversity within the music industry. Every series will have its own specific artwork as one identifiable factor of the NFT.
The current NFT level on sale is the Vinyl Album NFT collection. The collections will decrease in NFT availability while increasing in cost, some costing as much as 10 ETH. The three top tier levels have already been sold – Platinum Diamond Album, Diamond Album, and Double Diamond Album. These were sold for 15 ETH, 20 ETH, and 25 ETH, respectively.
The next set to be released will be the Vinyl Gold Album with 750 NFTs that cost 3 ETH apiece. The amounts only go higher in terms of ETH from there. The number of staking pools is also determined by the BAND NFT Level that is purchased. These range from one staking pool with the Vinyl Album to all three staking pools with Platinum Album NFT.
In addition to the Music Mogul Club, BAND Royalty has also released its own music-oriented NFT marketplace – replacing the original plan to use another platform for sales, and positioning the company to capitalize on the ever-shifting landscape of digital ownership and the fast-growing NFT industry.
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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