The iconic American rapper NAS, star of the early 2000s, has decided to sell part of his royalties in the form of NFT.
The very prestigious Anglo-Saxon “Collins” dictionary has made it its word of the year 2021, but the transition to the new year has not slowed the rate of propagation of NFTs. Today, these non-fungible tokens are everywhere and they are becoming more and more important in our daily lives.
If they have already found their use in the world of sport, becoming collectible cards 2.0 like the famous Paninis with the Sorare exchange platform. It is above all the art world that has benefited the most from the arrival of NFTs in the digital world. Thus young artists like Nyla Hayes have been able to generate millions of dollars by creating and reselling NFTs.
Music and rap in search of NFTs?
But now the world of music is also gradually starting to be invaded by virtual tokens. Indeed, the NFTs have already been used by rapper Booba to sell the 25,000 exclusive titles of his single “TN”. But the Duke’s marketing ideas seem to have given ideas to other artists in the rap scene, even across the Atlantic.
Indeed, it is the turn of the rapper NAS to talk about him in turn, and to offer NFTs for sale to his audience. But this time, no question of recovering an exclusive music or a video clip. Indeed, the American rapper had the funny idea of proposing to sell part of the streaming royalty rights of his last two songs “Ultra Black” and “Rare”.
The artist explained that he wanted to be ” always looking for new ways to be connected with my fans.»On the rapper’s site, it is possible to retrieve NFTs of several values. The first prizes are “gold” tokens of the track “Ultra Black”. This allows the acquirer to recover 0.0143% of the title’s royalties.
From 50 to 10,000 dollars in chips
Other tokens are available at other prices up to $ 9,999. At this price, it is possible to recover a little more than 1,578 9% of the royalties on the income of streaming of the title “rare”. If the amount may seem very high, the investment could quickly pay off. Indeed, the royalties of the streams of certain music can reach millions of dollars, even for a single title.
Because of the opacity of this market (the streaming income of artists is very poorly known), it is difficult to know how much a title like “Rare” or “Ultra Black” can bring in, and therefore how much people who buy one. NFT can hope to touch.