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Rihanna has joined the list of NFT creators as she prepares to unveil a restrained NFT collection supplying her international hit tune “Bitch Better Have My Money.” The NFT release comes tons less than three days earlier than Rihanna’s Super Bowl LVII performance.
Anotherblock, a Web3 song company, will manage the NFT. Holders will receive fractionalized NFTs as price for their rights.
The song production organization Deputy, which beforehand co-produced BBHMM and cooperated with well-known artists like WondaGurl, Travis Scott, and Kanye West, will spare head the system and distribute these limited-edition Rihanna NFTs. The series consists of 300 NFTs in total.
According to Deputy’s preliminary calculation, these NFTs are for my part valued at $210, or 0.145 ETH. NFT owners now have get entry to to 0.0033% of the song’s streaming profits with this new drop, and listeners will be capable to very own a portion of the song whilst streaming it for an accelerated experience.
The first payout for the first holders of the NFT is slated for Feb. 16, 2023, and subsequent payouts will come after each and every six months based totally on amassed streaming revenue.
Moreover, Rihanna’s token owners can get entry to a non-public Discord community, real-world events, and first dibs on new NFT releases. A personalized song track, one-of-a-kind art work made by an NFT artist, and “a real-world criminal contract outlining the terms of the streaming royalties and guaranteeing real-world ownership for the NFT holder” will be given to the NFT collectors.
“Bitch Better Have My Money” used to be released in 2015, went triple platinum in the United States, and was a top ten single in eight countries. The music has due to the fact that had about 1 billion streams across music-sharing sites.