Success with Rihanna’s music rights helps Web3 marketplace raise fresh VC round

Normally in the music industry, it’s more or less impossible for ordinary investors to buy music rights. Thus, Web3 startups saw an opportunity to tokenise music assets, allowing fans access to music rights in a wholly new fashion.
Of course, this garnered a lot of interest during the Crypto boom a couple of years ago.
For example, Royal launched an NFT-based music platform which allowed fans to buy and sell tokenised ownership of songs. Its marketplace sells tokens representing a percentage of the music’s streaming rights, plus extras. That way, it says, fans earn royalties alongside the art

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