EDM producer Elephante has just announced a partnership with Web3 music rights marketplace Royal. Through this partnership, he could be offering fans the Royal rights to his song Catching On. Elephante fans have until 8 p.m. ET today to obtain hold of a share of the royalties.
Concerning the Elephante x Royal collaboration
Through his collaboration with Royal, Elephante offers fans the initial possibility to own section of the royalties of Catching On. You can find two membership tiers: platinum and diamond. Each level varies with regards to ownership percentage and extra perks.
Catching On has been Elephantes top-streamed song since 2016. Within the last year alone, it’s been streamed 2.5M times across different platforms. Therefore, music fans can be confident that owning this token gives them a profits on return.
The platinum tier is bound to 300 editions and costs $99 apiece. Holders have 0.0727% ownership, have dibs on another Elephante drop and access the Royal collector Discord channel. Furthermore, they get exclusive presale usage of merch drops and tour announcements, in addition to a private download of the Heavy Glow Tour VIP tracks and Catching On Acapella.
The diamond tier, which costs $999, is bound to 20 editions. Holders have 0.8080% song ownership of Elephantes track. Along with all the platinum perks, they get a signed merchandise package and two all-access tickets to a show with a meet and greet. Lastly, they are able to also go out with the artist himself for 30 minutes!
Fans have until 8 p.m. ET to get tokens with rights. It is very important remember that as well as the holder perks, they’ll accrue value because the song is still streamed.
Since its launch in January, Royal has partnered with artists such as for example Nas, Timmy Trumpet, Diplo, The Chainsmokers, Elephante and much more to permit fans to possess streaming rights. Undoubtedly, the platform empowers artists and creates a fresh artist-fan relationship which allows fans to essentially support their favourite artist.
Each artist determines the percentage of song rights to be placed for sale and the benefits. By tokenizing the song, fans can purchase a token and claim a share of the royalties. Just this week, Royal made the initial ever artist-to-fan royalty payout ever sold, totalling $36K in royalties to fans.
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