Grammy-winning artist Diplo is giving away streaming royalties through NFTs 🔥 20% of the money he makes from his latest single will be distributed to fans who own the tokens 💰
The Grammy-winning artist is releasing Don't Forget My Love through the Royal platform, which allows fans to "own their favorite music."Diplo has announced that he's tokenizing his latest single — and owners will be able to get a share of the song's royalties.
Royal has previously entered into collaborations with Nas, a high-profile rapper who also invested in the project's funding round. The cheapest option available to fans is the gold tier, which costs $99. Each of these 2,000 tokens will deliver a payout of 0.004% of the song's royalties — including from streams on Spotify and Apple Music.
Finally, the diamond tier costs $9,999 and grants the owner the rights to 0.7% of streaming royalties. Investors will also get "first dibs on all future Diplo drops" — as well as an exclusive pass for one of his shows, and one meet and greet per year. Only 10 of these tokens exist.