CryptoNewsBreaks – BAND Royalty Creates First-Ever DeFi Opportunity Based on Music Royalties

July 7, 2021 14:11:00

BAND Royalty, an enterprising music technology company, is disrupting the music industry. “BAND Royalty is the first to use NFTs to create the first-ever DeFi opportunity based on music royalties, providing a new way for fans to connect to their favorite music artists and share in their income through royalties,” reads a recent article. “While there are no guarantees on returns, BAND allows holders to stake their NFT in one of three BAND Royalty Music Pools (‘BRMPs’). These BRMPs receive 50% of all royalty streaming income from each track for each category. A percentage of what is left is used to grow the BAND royalty catalog. The three BRMPs available for staking include 1) publishing, 2) mechanical/public performance and 3) synchronization. Staking does not equal ownership of the royalties but rather access to income from the available various royalty streams.”

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About BAND Royalty

BAND Royalty lets music lovers and fans take their enjoyment of music to the next level by offering blockchain-secured BAND NFTs that enable holders to earn crypto from some of the world’s most popular songs. This unique opportunity allows individuals to share in income streams each time a song in the BAND music catalog is performed. The name BAND is derived from the initials of its co-founders, blockchain experts Barnaby Andersun (“BA”) + Noble Drakoln (“ND”). To learn more about the company, visit www.BANDRoyalty.com.

NOTE TO INVESTORS: The latest news and updates relating to BAND are available in the company’s newsroom at https://ccw.fm/BAND

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