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🔥 Invest in Your Favorite Bands With NFTs - Royal.io Web3 Project Deep Dive #005
Manage episode 341827305 series 3370591
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Thomas and I deep dive into the web3 project Royal.io -- When artists make music today, there are so many layers of middlemen that take a cut of their royalties...leaving very little to the artist themselves. Utilizing NFts and smart contracts, Royal.io create a platform for artists to drop their songs as NFTs to their fans. As a fan, you can purchase your favorite band's NFT and actually own a percentage of streaming royalties. The artists can assign further utility to their NFTs such as back stage meet and greets, shoutouts, and discord access.
Web3 is enabling so many cool use cases and business models. Royal.io is a prime example of how blockchain technology, NFTS, and smart contracts are changing industries around us.
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