LOS ANGELES, May 11, 2022 (GLOBE NEWSWIRE) — Music royalty-based NFT ecosystem Band Royalty has made history by creating the world’s first multi-track music NFT. Music industry mogul Rob Schwartz curated the limited-edition series of multi-track NFT drops.
The visionary company is cementing its position as one of the world’s leading NFT ecosystems by decentralizing music royalties through real-asset-backed NFTs, allowing users to create, share and monetize fractional music royalties.
Band Royalty’s first NFT launch of 2021 generated over $1.5 million, backed by actual mechanical royalties from artists including Justin Timberlake, Jay-Z, Rihanna, Beyonce, Cher and more. As the first-ever NFT with multitrack capabilities and aftermarket compatibility from OpenSea, Andie Case’s limited-edition series of 777 multitracks have become a coveted collector’s item.
“Despite this commercial and technology-first success, our greatest achievement is to have a monumental impact on how royalties are distributed across the music industry,” said Noble DraKoln, co-founder and CEO. by Band Royalty. “Our mission is designed to connect artists and fans to create a community of art and music lovers who want to engage and be part of the creative process.
Since this month, Andie Case has received remarkable media attention with the launch of the NFT series, which includes the artist’s new hit single “I Think I’m God”, broadcast nationally by MTV and radio stations around the world, numerous interviews with major publications and websites, and a tour of 16 cities in preparation.
“Andie and Band Royalty’s collaboration as the first limited-edition launch series was the perfect marriage of music and technology,” said Rob Schwartz, CCO of Band NFT and owner of WHO?MAG Multimedia. “As the NFT market continues to expand into new territory, we look forward to bringing talented and deserving artists with us.”
Andie Case’s first limited-edition multitrack series is available on BandNFTs.com and compatible with OpenSea, creating a more valuable asset for the aftermarket. Holders of this collection will have access to the Band Royalty community and receive updates and access to product drops and future events.
For purchases and more information, please visit http://bandroyalty.com/bandnfts.
About Group Royalty
Formed in 2021 by industry veterans Barnaby Andersun and Noble DraKoln, Band Royalty is dedicated to decentralizing music royalties. Band Royalty has acquired the music rights to songs performed by artists that sell platinum and has developed a token-based structure that provides benefits to artists, music rights holders and fans globally. For more information about Band Royalty, visit www.bandroyalty.com.
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About WHO?MAG Multimedia
Founded in 2001 by music entrepreneur Rob Schwartz, WHO?MAG started out as a hip hop website, became the first hip hop DVD released on Netflix and Blockbuster in 2005, and became an international TV show in 2007. In 2010, WHO? MAG Distribution was created and currently distributes over 1,800 music titles, including a Grammy Award-winning album. Rob Schwartz also launched the very first urban television network “iFame TV” on Roku in 2012, as well as the “WHO?MAG Multimedia” and “Video Vision” networks. In 2021, WHO?MAG Distribution was the first music distribution company to launch an NFT line called “The Whomeez”. Rob is also an international music and technology speaker, Grammy voting member and award-winning director.
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