Aficionados of famed playback vocalist late S P Balasubrahmanyam, as well as music fans and digital art collectors, will now be able to purchase his final unreleased song. A 30-minute recording by the late artist will be auctioned by Diginoor, a non-fungible token (NFT) platform, on April 9. Diginoor owns the legal rights to sell and distribute the song as an NFT. In partnership with the music company Symphony Records, the vocalist recorded the album Vishwaroopa Darisanam. The unreleased Tamil tune was the late singer’s final devotional song, which he recorded just weeks before his death in September 2020 from COVID-19-related illness.
The platform’s pre-bid offers have already surpassed $2,00,000 (about 1.5 crores).
With the introduction of the NFT, Diginoor hopes to transfer 51 percent of the copyright to the winning bidder. This would give the NFT holder the right to distribute the song to a larger audience as well as the power to change or recreate it.
In a tweet on its official handle, the start-up stated, “Did you know that our launch of the Music NFT of Late legendary singer, SPB is the first of its kind as the holder not only gets access to the full 30-minute track but most importantly also gets 51 per cent of all copyrights of this masterpiece through the NFT.”
Padma Shri, Padma Bhushan, and Padma Vibhushan were all given to S P Balasubrahmanyam. He was also the recipient of six national honours. He has recorded over 40,000 songs in 16 languages over the course of his musical career.
Diginoor was founded by two Chennai-based entrepreneurs, Shaamil Karim and Yash Rathod. It’s an entertainment NFT marketplace. Rajnikanth’s flicks Sivaji The Boss, Chandramukhi, and Kabali have all been released as digital collectibles on the site.
Diginoor is the country’s first platform to accept debit and credit cards for NFT transactions. Kunal Shah of Cred, Abdul Wahab Al Halabi, ex-CEO of Dubai Holding, Contrary Capital in California, and Sandeep Nailwal of Polygon are among those that support Diginoor.