3LAU is dropping the world's first fan-owned song through the power of blockchain and NFT technology. 

The dance music producer and member of Cointelegraph's Top 100 Notable People In Blockchain, raised $16 million earlier this summer in order to bring his new entrepreneurial endeavor, Royal, to fruition. The new platform tokenizes royalty-generating musical assets, enabling the public to purchase tokens which effectively guarantee them a share of the income generated from every stream.

It's a logical thought progression for 3LAU given his success in tokenizing the first-ever NFT album earlier this year. In January, he sold 33 NFTs tied to the long-form project, generating an astronomical $11.6M in proceeds.

The idea for Royal came from a relatively straightforward intention: democratizing investment in music.

Recommended Articles

edc las vegas 2021 drone show

Feast Your Eyes on the Mesmerizing EDC Las Vegas 2021 Drone Show

The dazzling drone display celebrated not only the 25-year anniversary of EDC, but also the brand's momentous return after a turbulent 2020.

Screen Shot 2021-10-25 at 12.42.04 PM

SLANDER, Said The Sky and Alison Wonderland Debut Massive Collab at EDC Las Vegas: Watch

The song, dubbed "Picture," is a euphoric rush of future bass bliss.

rezz seven lions

Watch Seven Lions Debut Unreleased REZZ Collab at EDC Las Vegas

REZZ announced that a second collab is also in the works.

"I always tell people that artists’ popularity is completely dependent on the fans and the listeners, not the companies and the distributors," 3LAU said in a statement. "If the fans like the music, they share it, they go to the shows, they're fully responsible for augmenting an artist’s popularity. So why shouldn't those participants achieve upside for believing in someone early?"

Royal's first tokenized music offering comes from 3LAU himself, with his forthcoming single "Worst Case." For more information on how to participate in the referral contest to win lifelong streaming revenue from the single, visit Royal.io.

Related

Calvin Harris

Calvin Harris' Next NFT Drop Will Only Be Available to the Biggest Collectors

You must have an NFT collection exceeding 100 works in order to even attempt to snag one of Harris' next editions.

DJ/producer KSHMR over a reddish background.

Fans Will Soon Have the Opportunity to Invest In KSHMR's Music

Royalty investing platform Republic.co is once again empowering retail investors with an exciting new opportunity that could shape the long-term future of commercial music.

3LAU

3LAU Announces Blockchain-Powered NFT Single, "Everything"

The upcoming single will release on Gemini's Nifty Gateway later this week.

3LAU

3lau's Blockchain-Powered Music Festival Has Announced Its Legendary Lineup

The full lineup for 3LAU's 'Our Music Festival' is here!

154214297_275012600662663_8856240710291013047_n

3LAU Backs $7.6 Million Funding Round to Launch NFT Social Network

Showtime allows users to like, comment, and even bid on NFT art shared by creators.

alesso

Fans Can Decipher Encoded Secrets In Alesso's NFT Debut, "Cosmic Genesis" [Exclusive]

Alesso is slated to perform Dreamverse, the first combined NFT art gallery and music festival event, where several of his exclusive audiovisual experiences will debut for the first time.

EDC Las Vegas

Coinbase to Showcase Iconic Music Festival Moments at EDC Via Onsite NFT Galleries

The leading U.S. cryptocurrency exchange platform is betting on electronic music fans to help drive NFT adoption.

bitcoin crypto

Beatport to Accept Bitcoin as Payment, Launches Collaborative NFT Partnership With Crypto.com

Beatport's "Music For Future Dancefloors" NFT series features Boys Noize, Charlotte De Witte, and more.