AnotherBlock: Own a Share of Favorite Songs to Earn Royalties Alongside Favorite Artists
Are you a passionate music lover who dreams of being more than just a listener or a music artist who dreams of real worth of your talent? Imagine owning a share of any favorite song and earning royalties every time it’s streamed. With AnotherBlock, this dream can now be a reality. AnotherBlock allows music creators to sell parts of future royalty streams and granting access to ownership in music tracks.
Music Ownership from Lovers to Owners
Traditionally, royalties from streaming services are paid to the owners or rightsholders of the music, including labels, artists, producers, and songwriters. Normally, these royalties are distributed every quarter, twice a year, or once a year, and are allocated proportionally among the individuals or entities holding the rights. On AnotherBlock, owners of music sell digital assets known as NFTs (non-fungible tokens) represent a share of the economic ownership in songs
Music as an Investment
As streaming revenue continues to grow, so does the interest in music investments. Big companies areincreasingly putting their money into music, considering it a great asset with significant growth potentialwithstable returns. One of the advantages of music investments is streaming revenue remains relativelyunaffected by market cycles. This makes music investment excellent to diversify portfolio and safeguardagainst market volatility.
AnotherBlock aims to make investing in music easy and accessible for everyone. Imagine earning royalties from the songs you love, alongside your favorite artists. On AnotherBlock, you can enjoy premium tracks from renowned artists worldwide. By allowing creators to divest parts of their streaming rights, analyzing streaming data, calculating estimated future royalty revenue, and fractionalizing the streaming rights into affordable shares, AnotherBlock provides with the opportunity to own music rights.
When buying an NFT on AnotherBlock, acquire real-world ownership of a song’s streaming rights, along with additional utilities. Streaming royalties are usually distributed every quarter, twice a year, or once a year, and continue to provide royalty payouts as long as you own the NFT. Once the royalties are paid out, one can easily claim them on their profile page and transfer them to your crypto wallet. AnotherBlock is also working on enabling bank account transfers to make it even more accessible for everyone.
NFTs Music Rights Empowering Artists and Fans
When streaming for the favorite songs on platforms like Spotify, the owners or rightsholders of that music are eligible to receive royalties. On AnotherBlock, owners of music NFTs (non-fungible tokens)represent a share of the streaming royalty rights of any of the favorite songs. As an NFT owner, one does become entitled to receive a share of the streaming royalties.
The Drop Process: How to Get Involved?
The process of acquiring ownership in favorite songs through AnotherBlock is simple and straightforward. Let’s walk through the steps:
Invite-Only Sale: Initially, a select few individuals have the opportunity to purchase NFTs a couple of hours before they become available to the public. This exclusive opportunity allows early adopters to secure their share before the general public.
Public Sale: After the invite-only phase, the NFTs are made available for purchase to everyone. Whether prefer to use a credit card or Ethereum(Ξ),one has the flexibility to choose any preferred payment method.
Check the Profile Page: Once acquired an NFT, it will be displayed on the profile page. This page serves as a hub where one can track and monitor the performance of the songs an individual owns. Stay updated on the streaming statistics and see how investments are generating royalties.
Royalty Payouts: As the songs generate royalties, one do expect to receive the share. Initially, royalty payouts occur every six months, but more specific in formation will be provided with each drop. One can easily claim royalties on the profile page and transfer them to the crypto wallet. AnotherBlock is also working on enabling bank account transfers to provide more options for accessing earnings.
Behind the Scenes: The Creation Process!
AnotherBlock collaborates with various stakeholders in the music industry to make this platform a reality. Let’s take a peek into the backstage operations:
Discussions with Stakeholders: AnotherBlock engages in discussions with artists, producers, songwriters, labels, and catalog holders who own quality music rights. These discussions aim to explore the possibility of divesting portions of song/EP/album streaming rights on AnotherBlock.
The Royalty Split: AnotherBlock and the stakeholder negotiate and determine the share of royalties to divest from a particular song/EP/album. This process ensures a fair and mutually beneficial arrangement for both parties.
Creation of NFT Artwork: In collaboration with talented designers, AnotherBlock creates unique and visually appealing NFT artwork for each song. These artworks give each NFT a distinctive identity and add value to the ownership experience.
Engineering and Deployment: AnotherBlock’s engineering team leverages custom-developed smart contracts for the NFTs and royalties. These contracts ensure the integrity and security of the ownership rights. The team also prepares the drop by updating metadata and details, while continuously implementing new features to enhance the platform.
The Drop: Finally, the NFTs are made available for purchase, giving music enthusiasts like you the opportunity to invest in your favorite songs. By participating in the drop, the individuals can join the growing community of music owners and contribute to the democratization of music ownership.
New Era of Music Ownership and Investment3 Has Begun
Behind the scenes, AnotherBlock works closely with artists, producers, songwriters, labels, and catalog holders to bring the music ownership experience to life. These collaborations ensure that the divestment of streaming rights is fair, transparent, and mutually beneficial. With expert designers creating captivating NFT artwork, and the implementation of robust smart contracts, AnotherBlock guarantees the security and authenticity of the music ownership. Join the revolution and put your investment in music you love on AnotherBlock
On anotherblock, owners of music sell NFTs containing a share of the streaming royalty rights of your favorite songs. as an NFT owner, you will receive your share of the streaming royalties.
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