Acquire shares in hits, share in the success of your favorite artists and secure your rights in the blockchain – a long anticipated vision has just become reality with the launch of Music NFTs (Non-Fungible Tokens) by Viennese pioneer Global Rockstar. This startup takes the lead over all others and launches with 150,000 Music FFTs in its first day.

Global Rockstar presented at the Global Peter Drucker Forum on 18 November 2021. This conference brings together the best minds in business practice and research from Vienna. Christof Straub explained the revolutionary potential of its Music NFTs – a breakthrough that cyber guru Don TapscottHad envisioned it back in 2016.

Music NFTs are a way to enable music most direct fan engagement ever: Anyone can invest in songs by their favorite artists and share in the success and revenue from streams, downloads, radio airplay, TV, CDs, live performances, and advertising deals over the 70-year duration of the recording’s copyright. The blockchain has Music NFTs that allow for both investment as well as a restricted-edition cover animation. The NFTs can’t be copied or replaced, so if traded in the future all transactions will be traceable and you always know who is what.

One notable effect of NFTs’ disruptive power will be to raise artists’ incomeComparable to levels in traditional music industry. For Tapscott, this serves as confirmation for his 2016 prediction that the blockchain would enable “transformation towards a prosperous future” by:

• Protection of rights by immutable records
• A true sharing economy
• Assuring that value creators are compensated

Transparent, simple and secure – these are the cornerstones of Global Rockstar’s Music NFTs philosophy. Fans don’t need crypto-currencies or knowledge. Global Rockstar even provides a crypto wallet in an easy-to-use workflow. The minimum investment required is only 5 Euros.

As a special opportunity for the launch, Eurovision Song Contest fans can now own a true share of an ESC final song including a cover artwork animation from a limited edition: “Anyone who goes to globalrockstar.com today, can purchase Music NFTs of ZOË’s “Loin d’ici” from the 2016 Eurovision Song Contest. This is not only an exclusive collector’s item, but the recording has also proven to generate stable revenues over the years and will continue to do so as long as the ESC and its fans exist,” says Christof Straub. “In addition, we will re-record the hit to give it a new push. So, fans who participate will see the benefits multiply, as they will participate in the revenues of all previous (including acoustic versions and remixes) and new versions.”

Additionally to signing new deals with key song rights holders, the company will soon provide regular Music NFTs for world hits via globalrockstar.com.

Finally, in Spring 2022, another coveted category of Music NFTs will go on sale in the shape of Collectibles, unreleased recordings, and special limited-edition versions – such as the first demo of a world hit.

At the end of November, Global Rockstar will present its Music NFTs in the blockchain track of Amazon (NASDAQ:) Web Services’ (AWS) re:invent conference in the USA. Global Rockstar was joined by AWS Professional Services, who created the blockchain infrastructure for Amazon Managed Blockchain. They also implemented smart contracts.

FinancialNewsMedia.

EMAIL NEWSLETTER

Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
It takes just one click to unsubscribe.

Continue reading on DailyCoin