EDM producer Elephante has simply introduced a partnership with Web3 music rights market Royal. By means of this partnership, he’s providing followers the Royal rights to his tune “Catching On.” Elephante followers have till 8 p.m. ET right this moment to pay money for a share of the royalties.
In regards to the Elephante x Royal collaboration
By means of his collaboration with Royal, Elephante is providing followers the distinctive alternative to own part of the royalties of “Catching On.” There are two membership tiers: platinum and diamond. Every stage varies on the subject of possession share and extra perks.
“Catching On” has been Elephante’s top-streamed tune since 2016. Within the final yr alone, it has been streamed 2.5M occasions throughout totally different platforms. Due to this fact, music followers can relaxation assured that proudly owning this token will give them a return on funding.
The platinum tier is restricted to 300 editions and prices $99 apiece. Holders have 0.0727% possession, have dibs on the subsequent Elephante drop and achieve entry to the Royal collector Discord channel. As well as, they get unique presale entry to merch drops and tour bulletins, in addition to a personal obtain of the Heavy Glow Tour VIP tracks and “Catching On Acapella.”
The diamond tier, which prices $999, is restricted to twenty editions. Holders have 0.8080% tune possession of Elephante’s monitor. Along with the entire platinum perks, they obtain a signed merchandise bundle and two all-access tickets to a present with a meet and greet. Final however not least, they’ll additionally hang around with the artist himself for half-hour!
Followers have till 8 p.m. ET to buy tokens with authorized rights. It is very important word that along with the holder perks, they’ll accrue worth because the tune continues to be streamed.
Since its launch in January, Royal has partnered with artists reminiscent of Nas, Timmy Trumpet, Diplo, The Chainsmokers, Elephante and extra to permit followers to personal streaming rights. Undoubtedly, the platform empowers artists and creates a brand new artist-fan relationship that enables followers to essentially help their favorite artist.
Every artist determines the share of tune rights to be placed on sale and the added advantages. By tokenizing the tune, followers should purchase a token and declare a share of the royalties. Simply this week, Royal made the primary ever artist-to-fan royalty payout in historical past, totalling $36K in royalties to followers.