Justin Bieber's song "Company" with over a billion plays is releasing an NFT! Fans who purchase will enjoy a 1% royalty sharing.
Blockchain music technology platform anotherblock collaborates with music producer Andreas Schuller, also known as Axident, to release 2,000 NFTs based on Justin Bieber's popular song "Company." Fans will be able to purchase these tokens to enjoy royalty sharing, exclusive community lottery participation, and event access.
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Justin Bieber's Song with Over a Billion Plays to be Transformed into NFT
BeinCrypto reported that Axident, the music producer for global pop star Justin Bieber, recently announced a collaboration with the blockchain music technology company anotherblock.
we are incredibly proud to work together with the best artists and producers in the world
AXIDENT invites you to become a co-owner of the world renown JUSTIN BIEBER song "COMPANY"◾️
beliebers out there deserve to transform from passive listeners to empowered music stakeholders pic.twitter.com/bbSjLIezoc
— anotherblock (@anotherblock_io) September 6, 2023
Justin Bieber's global hit song "Company," released in 2015, will be minted as a limited edition of 2,000 NFTs through this collaboration. Fans will have the opportunity to purchase this NFT and receive 1% royalty sharing every six months or annually, depending on the song's streaming performance on major platforms.
It is reported that "Company" has been played over 500 million times globally since its release, reaching the top 40 in the Australian music charts and ranking 53rd on the US charts.
In addition, Axident, as the primary owner of the song's copyright, stated that fans are an equally important part of the music industry as artists. He believes that NFTs can serve as a significant medium to bridge the gap between fans and artists, providing unprecedented experiences and services.
He explained through Cointelegraph:
Ownership of a song is more important than its monetary value. NFTs create a profound and meaningful connection and experience between fans and artists, enabling long-term engagement.
The "Justin Bieber 'Company' NFT" will be initially released in limited quantities on the anotherblock website today. Once sold out or the time limit expires, it can only be purchased through the secondary market OpenSea.
anotherblock: Offering Popular Song NFTs as a Way to Introduce the Masses to Web3
anotherblock, a blockchain-centric music technology company, aims to allow anyone to become a co-owner of any song, fostering enduring emotional connections with beloved music or artists through true ownership of specific tracks.
Dedicated to connecting music and digital technology, anotherblock has collaborated with music industry giants such as The Weeknd, Offset, and Martin Garrix, also issuing NFTs with royalty sharing.
CEO of anotherblock, Michel Traore, explained that introducing popular songs to the public is an effective way to introduce them to Web3:
Web3 tools can offer music enthusiasts novel experiences they may have never encountered before. They also shed light on the lesser-known producers and all the staff behind popular songs.
However, the situation may not be as optimistic when it comes to the NFTs purchased by Justin Bieber himself.
In January last year, he spent 500 ETH, approximately $1.3 million, to acquire BAYC#3001, which has since depreciated by 96.5%.
Review: Bear Market Woes! A Look at the Current NFT Asset Values of Celebrities Worldwide
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