BAND Royalty, an entertainment and technology-driven firm and a leading innovator of music-focused non-fungible tokens (“NFTs”), has a key interest in the NFT space, including the recent news that a version of the first non-fungible token ever created has been sold (https://ccw.fm/wLQZM). In 2014, long before NFTs and the crypto market became hot topics, Kevin McCoy minted his non-fungible token “Quantum.” That NFT recently sold for $1.4 million with fees during Sotheby’s auction Natively Digital: A Curated NFT Sale. The report also noted that the buyer, known as Sillytuna, sold a “CryptoPunk” NFT in the same auction for $11.8 million. “Over the past months, the NFT craze has spawned a seemingly endless stream of bombastic headlines, making stories about crypto art increasingly tedious and mundane,” the article noted. “The sale of ‘Quantum’ is a rare unique moment in the history of the medium, which McCoy is believed to have pioneered seven years ago. The artist created or ‘minted’ the token on the Namecoin blockchain on May 2, 2014, using a technology he developed with coder Anil Dash. The two collaborators envisioned a system that would enable digital artists to sell, track and take ownership of their works, often shared on blogs like Tumblr with no credit or attribution.”
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About BAND Royalty
BAND Royalty is a platform founded by Barnaby Andersun and Noble Drakoln and operated by LIBERTY IS PTE LTD. The platform offers music fans the opportunity to earn a share of music streaming royalty by top artists worldwide in the BAND Royalty pool. BAND Royalty is revolutionizing the music world by using technology to help music fans connect in a brand-new way with musicians, allowing music lovers to earn revenue from their passion. To learn more about the company, visit www.BANDRoyalty.com.
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