Investing in music royalties is now available through the newest offering from Republic, Republic Music. Lil Pump and KSHMR will be among the first artists to pioneer the movement. A blockchain platform built by Ditto Music founders, Opulous, is bringing these artists to Republic’s ecosystem.
As a first to introduce music investing to the masses, Republic will offer Security NFTs (S-NFTs)*, a blockchain-based investment platform.
Consequently, Opulous and Republic view the music industry’s direction as divergent. Only 12% of music revenue generated by artists goes back to them, despite a $43B global music industry. Historically, recording contracts have not been favorable to artists. They lose their rights to their own work, while fans only buy concert tickets and stream songs. There is a movement underway that will change this. Artists have control back with Republic and fans have a way to participate in success. Music investment is possible now.
As little as $100 can be invested in the music you love, and share in the rights to royalty payments. Streaming and engaging with music encourages fans to contribute directly to production, while artists can raise production funds from their fans directly.
Republic has pioneered a novel framework that combines blockchain technology and securities innovation, introducing S-NFTs as the first major player to introduce this new asset class.
With NFTs offered as security instruments, creatives from all backgrounds have access to new possibilities. Fan support is rewarded and turned into investment. It is designed to provide investors with an efficient method of receiving royalties directly into digital wallets. Artists can offer artists and their investor communities more than royalties with S-NFTs — such as exclusive tickets, merchandise, events, NFT drops without security, and more.
“We’re entering a new age of investing. One that turns fans into owners,” says Pialy Aditya, Republic Chief Strategy Officer. “As the first major platform to bring music investing to the masses, we are ready to usher in an entirely new way to create, produce, and share royalties from music leveraging our innovative S-NFT offerings. In this new world order, the early supporters are rewarded, the artists are paid, and the community grows stronger.”
Jimmy Duval produced Lil Pump’s single “Mona Lisa (feat. Soulja Boy)”. As part of the first wave of planned releases, fans and investors are invited to participate. A track featuring two of the most influential rap stars of this generation, ‘Mona Lisa’ brings them together.
An upcoming single by EDM titan KSHMR is the second release planned. KSHMR has chart-topping hits like “Secrets” and “Burn” and has collaborated with legendary artists Tiesto and Vassy as well as performed at Coachella, Tomorrowland, and EDC.
KSHMR said, “Taking pride in my music and creativity is something that has always been important to me. So I’m excited to team up with Opulous to offer my fans the opportunity to be part of my music and to share in my journey. This new offering will radically change how artists engage with their fans, creating a new era for fan experiences.”
Deals are dropping throughout October at Republic Music, and more artists are expected to be announced throughout the month. Visit republic.co/music for more information for fans, investors, and artists.
The Republic platform provides all investors with multi-asset investment opportunities. The Republic ecosystem includes investments in more than 500 companies that reach over a million users across 100 countries for a total of more than $500 million. Galaxy Digital, Binance, Passport Capital and Galaxy Digital are among Republic’s strategic capital partners. This New York-based company was launched in 2016. You can get more information by visiting Republic’s website at http://republic.co or following @joinrepublic on Twitter.
*”S-NFT” or “security-non-fungible token” is Republic’s new term for non-fungible digital assets offered and sold as securities, as defined by the Securities Act of 1933 and the Exchange Act of 1934 (the Securities Acts). In addition to state, federal, and international laws affecting blockchain technology, the Securities Acts are also a factor. By facilitating S-NFTs through Republic ecosystem members, Republic intends for offerings to be exempt from registration under all Securities Acts. A S-NFT is a work in progress, and the Republic and each S-NFT Issuer reserve the right to recharacterize the digital asset as needed. Review the terms, conditions, and offering disclosures concerning a S-NFT offering for a full description of their characteristics, including but not limited to economic rights, fungibility, purchase and trading restrictions, and the underlying technology of each S-NFT offered. The entire capital can be lost if an investment in private securities is inherently risky, illiquid, or insolvent.