Cryptocurrency

Rapper Nas will let fans own some of his music through NFT

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Award-winning rapper Nas will release Non-fungible tokens (NFT), which will allow his fans to own shares of his two songs “Ultra Black” and “Rare”.

Users who purchase and hold NFTs known as limited digital assets (LDA) will receive a certain percentage of streaming royalties, depending on the tokens they hold.

“Ultra Black” from Nas’ 2021 Grammy Award-winning album King’s disease, And “Rare” comes from a follow-up album nominated by Grammys in 2022 King’s Disease IIThe former song is limited to 760 pieces, while the latter is limited to 1110 pieces. Both will be released on January 11, and buyers will be able to receive tokens on a first-come, first-served basis.

LDA will be sold through the NFT music platform Royal.

As early as November 2021, Royal CEO Justin “3lau” Blau told Cointelegraph that the primary goal of the platform was Allow fans to co-own music By their favorite artist. Blau said: “We selected a group of artists from the initial sales, but we plan to open this platform to more artists in the future.”

related: Snoop releases “Decentral Eyes Dogg” NFT as if it is hot

According to reports, Nas also invested in Coinbase, one of the largest cryptocurrency trading platforms. At the time, it Listed last year. In songs sung with DJ Khaled and Jay-Z, Nas brags about his Crypto wealth and Coinbase investment“I am coin-based, basically the cryptocurrency Scarface,” Nas said in the song.

Another famous rapper Eminem, Recently joined the “Boring Ape Yacht Club” According to reports, after OpenSea purchased a boring ape nicknamed “Eminape” for $462,000. As we all know, the rapper owns several other NFTs, such as “Ditaggdogg#1” and “Superlative Apes #3880”.