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Music, Royalties, and CryptoPunks | Web3 Daily

April 26, 2023
in Web3
Reading Time: 2 mins read
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TL;DR

Steve Aoki and Justin “3LAU” Blau have simply introduced their first observe because the CryptoPunks-inspired duo, Punx.

The Punx guys have chosen 99 fortunate NFT collectors – who’ve both an A0kiverse Passport NFT, a Royal NFT or a CryptoPunks NFT – and can share half of all royalties for the brand new “Focus” single with them.

Whereas this will simply be a single tune, and a small group of NFT holders who get entangled, it is yet one more instance of easy methods to construct group, and decentralize possession of artwork.

Full Story

A brand new digital duo is dropping their first single this week – the strategy they’re taking is 😚🤌

Steve Aoki and Justin “3LAU” Blau have simply introduced their first observe because the CryptoPunks-inspired duo, Punx.

“We actually needed the primary tune to type of embody the spirit of what CryptoPunks characterize—underground, type of the primary of their type, and extra significantly techie, tech-driven, [and] futuristic,” Blau informed Decrypt.

Here is how they’re approaching this:

Each Aoki and Blau have been deep within the Web3 house for just a few years – Aoki along with his  A0kiverse  challenge, and Blau with the ‘Royal’ platform which lets folks purchase the rights to royalties of songs, whereas supporting artists.

The Punx guys have chosen 99 fortunate NFT collectors – who’ve both an A0kiverse Passport NFT, a Royal NFT or a CryptoPunks NFT – and can share half of all royalties for the brand new “Focus” single with them.

If at any level these NFT collectors do not wish to be part of the challenge, they will merely commerce their royalties NFT, giving another person the possibility at passive revenue by means of music royalties.

Cool – proper?

Whereas this will simply be a single tune, and a small group of NFT holders who get entangled, it is yet one more instance of easy methods to construct group, and decentralize possession of artwork.

(And with so many bangers between Aoki and Blau, it might simply be the beginning!)

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Tags: CryptoPunksDailyMusicroyaltiesWeb3
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