Award-winning rapper Nas to release Non-fungible (NFT) tokens that will allow fans to have a stake in two of his songs, “Ultra Black” and “Rare.”
Users who buy and hold NFTs, called Limited Digital Assets (LDAs), will earn a specific percentage of transmission royalty ownership based on the token they hold.
“Ultra Black” comes from Nas’s Grammy Award-winning 2021 album, King’s Disease, while “Rare” is from the next Grammy nominated album in 2022, King’s Disease II. The first song will have a limited supply of 760 tokens, while the second will have 1,110. Both will launch on January 11, and buyers will be able to purchase the tokens on a first-come, first-served basis.
Without further ado .. we’re honored to announce Hip Hop legend, innovator and entrepreneur @Nas will be the first artist to drop his music on royal on January 11th! https://t.co/TkyWvOJOvY pic.twitter.com/hQGGXVuPhz
– royal (@join_royal) January 6, 2022
Without further ado … we are honored to announce that Hip Hop legend, innovator and entrepreneur @Nas will be the first artist to release his music at Royal on January 11.
The LDAs will be sold through the NFT Royal music platform.
In November 2021, Royal CEO Justin “3lau” Blau told Cointelegraph that The platform’s number one goal is to allow fans to co-own the music of their favorite artists. “We are starting with a group of artists selected for our initial sales, but we plan to open the platform to more artists in the future.”said Blau.
Nas also reportedly invested in Coinbase, one of the largest cryptocurrency exchange platforms, when it went public last year. In a song with DJ Khaled and Jay-Z, Nas bragged about his cryptocurrency wealth and investment in Coinbase. “I’m coin-based, basically Scarface cryptocurrency,” Nas says in the song.
Another prominent rapper Eminem recently joined the “Bored Ape Yacht Club” after allegedly purchasing a Bored Ape nicknamed “Eminape” for USD 462,000 on OpenSea.. The rapper is known to own several other NFTs, such as “Ditaggdogg # 1” and “Superlative Apes # 3880”.
Keep reading: