Creators Fund backs Royal, a music marketplace planning to offer song rights as NFTs
Founders Fund and Paradigm are leading an investment in a platform that’s aiming to wed music rights with NFTs, permitting users to buy shares of tunes through the company’s marketplace, making royalties as the music they’ve invested in gains popularity. The venture, called Royal, is led by Justin Blau, an EDM artist who carries out under […] Blau has actually been one of the more noticeable and active figures in the NFT community, introducing a number of upstart efforts aimed at checking out how artists can monetize their work through crypto markets. Royal’s financial investment announcement comes just as a more comprehensive bull run for the NFT market seems to reach a fever pitch, with financiers discarding hundreds of million of dollars worth of cryptocurrencies into community NFT tasks like CryptoPunks and Bored Apes. As NFT startups chase after more complex ownership divides that aim to help developers share their success with fans, there’s plenty of speculation taking off around how regulators will ultimately treat them. …
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