Music, Royalties, and CryptoPunks | Web3 Daily

TL;DR

• Steve Aoki and Justin “3LAU” Blau have just announced their first track as the CryptoPunks-inspired duo, Punx.

• The Punx guys have chosen 99 lucky NFT collectors – who have either an A0kiverse Passport NFT, a Royal NFT or a CryptoPunks NFT – and will share half of all royalties for the new “Concentrate” single with them.

• While this may just be a single song, and a small group of NFT holders who get involved, it’s yet another example of how to build community, and decentralize ownership of art.

Full Story

A new electronic duo is dropping their first single this week – the approach they’re taking is 😚🤌

Steve Aoki and Justin “3LAU” Blau have just announced their first track as the CryptoPunks-inspired duo, Punx.

“We really wanted the first song to sort of embody the spirit of what CryptoPunks represent—underground, kind of the first of their kind, and more particularly techie, tech-driven, [and] futuristic,” Blau told Decrypt.

Here’s how they’re approaching this:

Both Aoki and Blau have been deep in the Web3 space for a few years – Aoki with his  A0kiverse  project, and Blau with the ‘Royal’ platform which lets people buy the rights to royalties of songs, while supporting artists.

The Punx guys have chosen 99 lucky NFT collectors – who have either an A0kiverse Passport NFT, a Royal NFT or a CryptoPunks NFT – and will share half of all royalties for the new “Concentrate” single with them.

If at any point those NFT collectors don’t want to be a part of the project, they can simply trade their royalties NFT, giving someone else the chance at passive income through music royalties.

Cool – right?

While this may just be a single song, and a small group of NFT holders who get involved, it’s yet another example of how to build community, and decentralize ownership of art.

(And with so many bangers between Aoki and Blau, it may just be the start!)