Royalty Exchange Launches NFT Catalog Sales

Program Begins With The First-Ever NFT For A Music Publishing Catalog
June 3, 2021

DENVER, CO (June 3, 2021) — Royalty Exchange, the world’s largest platform for buying and selling royalties, today announced the launch of the first-ever music publishing NFT. Under this new program, investors can now buy music catalogs and songs as NFTs (“non-fungible tokens”) using the Ethereum cryptocurrency. 

While sales of NFT artwork and collectibles are exploding, a common criticism lies in their perceived values based on speculation and scarcity. But Royalty Exchange NFTs have an actual underlying value tied to a stream of royalty income which the owner of the NFT will collect once purchased. Royalty Exchange is pioneering the move into income-producing NFT's with the minting of its own token—dubbed the RXT.

Converting virtual cryptocurrency into asset-backed investments delivers real-world returns, providing stability and diversification, which Royalty Exchange believes will further increase the already overwhelming demand for music royalties. 

Artists selling their royalties as NFTs can receive a cut of the purchase price from any future resale of their catalog. Music catalogs are often bought and sold many times over, but until now artists never saw a dime of the proceeds other than their initial sale. The “smart contract” of NFTs ensures they are compensated anytime their catalog changes hands on platforms that honor the EIP 2981 resale royalties standard. 

To kick off the NFT program, Royalty Exchange will offer the first-ever NFT for a music publishing catalog, for the song “Save Dat Money” by rapper Lil Dicky. The auction listing is live now for review, and will open for bids Monday, June 7 at 11:00 a.m. ET. 

The winning bidder will collect mechanical, public performance, and sync royalties, which generate income every time the song is streamed, sold, broadcast, or licensed. These royalties will be paid every quarter in Ethereum, which can be converted into fiat currency or held as cryptocurrency. The winner of the auction can also resell the NFT at any time on Royalty Exchange, or any other NFT marketplace. 

Interested buyers will need to register for a free Royalty Exchange account and complete a verification process to participate. Visit www.royaltyexchange.com to get started. 

NFTs have very practical applications for buying and selling royalties, as the blockchain represents the ultimate standard in trust and transparency,” said Royalty Exchange CEO Anthony Martini. “This is yet another tool to empower creators, while opening the market for music royalties to a broader spectrum of interested buyers. We’re only scratching the surface.”

For more details about the Royalty Exchange NFT program, read the full intro article here


ABOUT ROYALTY EXCHANGE

Royalty Exchange uses the power of a marketplace to unlock the value of ideas that enrich the human experience. We were the first to pioneer music as an asset class and now we operate the largest platform for buying and selling royalties, bringing together creators and investors with transparency and fairness. Our marketplace lets creators raise money without giving up their rights, and gives investors access to income-generating assets that are unaffected by public markets. The result is a solution for all, not just the connected few. Find us at www.royaltyexchange.com, or follow us on Twitter, Instagram, and Facebook.

Become a Royalty Exchange Member
Sign Up
Get An Instant Catalog Analysis & Valuation
Sign Up
Interested In Royalty Investing?
Sign Up

Royalty News and Insights

Introducing Proxy Offers on The eXchange
With Proxy Offers, now you can set and forget your offer without missing opportunities to buy. Set your maximum proxy offer, and have the system place competing offers against other investors for you.
Read Post
Improvements to The eXchange - January 2022
New improvements to listings and counteroffers are live!
Read Post
Drake or Kanye – Who has more cred with investors?
With the release of Donda and Certified Lover Boy, Drake and Kanye battle it out on the charts. But, does the investor interest in these artist's songs match the chart appeal?
Read Post
YouTube Creators Can Now Get Investor-Funded Advances On Royalty Exchange
New Program Kicks Off With YouTube Celebrity CJ So Cool
Read Post
Royalty Exchange Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2021
Royalty Exchange has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021.
Read Post
Royalty Exchange introduces marketplace expansion with the addition of The eXchange
Provides rightsholders a powerful new option to find investors for their catalogs with even more control than ever before.
Read Post