BAND Royalty, a blockchain-secured NFT community that allows holders to earn crypto from a number of the world’s hottest songs, has simply concluded the non-public presale spherical of its NFT music artwork BAND NFT Sequence 1 collectibles to a small collection of NFT collectors that love music.
Inside days of this announcement, the highest three Diamond Album BAND NFTs bought for a mixed 60 ETH (at present valued at over $200,000 USD). Included within the prime three Diamond Album NFTs was the No. 1 minted Double Diamond Album BAND NFT, which bought for 25 ETH (at present valued at over $85,000 USD).
As is usually the case with extremely sought-after, limited-edition collectible NFTs, the decrease the mint quantity, the upper the perceived market worth of that particular NFT minted.
The mixed presale of BAND NFTs approached $1 million in lower than two weeks of its announcement; bought by a neighborhood of a few hundred NFT collectors who wished to get in and safe their BAND NFT forward of the complete public launch on the NFT market, OpenSea.io, on Might fifteenth.
Whereas almost all different NFTs available on the market merely supply a collectible worth based mostly upon their probably distinctive inventive worth and tradability, BAND Royalty NFTs can present direct entry to the revenues of musicians that almost everybody on this planet is aware of and loves.
BAND NFTs give followers the power to not solely take pleasure in listening to the artists’ music but in addition probably earn royalty revenues each time one in every of their songs within the BAND catalog is performed. BAND Royalty has already amassed a music royalty catalog that features artists comparable to Rihanna, will.i.am, Timbaland, Cher, Missy Elliot, in addition to Beyoncé, Jay-Z, and Justin Timberlake, plus many others.
Every BAND NFT is a one-of-a-kind digital collectible. On prime of this, each BAND NFT comes with 3D rendered artwork that makes it a real collectible merchandise. And beneath the hood, the ‘particular sauce’ that makes BAND NFTs stand out is their skill to generate music royalties from a rising listing of prime songs on the BAND Royalty music catalog that features platinum and gold tracks.
NFTs, or nonfungible tokens, signify uniquely cryptographically secured works comparable to music, art work, movies, and different digital recordsdata saved on the blockchain.
BAND Royalty founders Barnaby Andersun and Noble Drakoln, consultants within the fields of blockchain and music royalty investing and co-hosts of the “CryptoTenX Podcast,” have outlined a strong and bold roadmap of releases for BAND Royalty in 2021.
Beginning with this NFT Sequence 1, BAND Royalty will ultimately introduce Band TOKENS and launch a brand new platform for musicians and followers to work together via NFTs.
BAND Royalty plans to develop its catalog of well-known and income-driven royalty rights via the discharge of a most of 12,000 whole distinctive BAND NFTs in 4 totally different NFT sequence in 2021. Funds generated will probably be reinvested to increase BAND Royalty’s music royalty library.
Securing one of many transformed and uncommon 3,000 Sequence 1 collectible BAND NFT 3D animated music-inspired items of digital artwork is straightforward. On Might fifteenth, the complete assortment of the three,000 limited-edition BAND NFTs will probably be out there on a first-come, first-served foundation via an providing on OpenSea.io.
To make sure securing a BAND Royalty NFT, consumers want at the least 1 Ethereum out there in a non-public ETH pockets (Metamask or Belief Pockets) once they go to OpenSea.io – the biggest Ethereum NFT market on this planet. As soon as on OpenSea, merely sort in “bandroyalty” and evaluation the gorgeous collection of BAND NFTs artwork items. The decrease the variety of the BAND NFT, the rarer it’s, bringing with it elevated collectability and useful entry throughout the rising BAND Royalty music ecosystem.