Justin Bieber producer Andreas “Axident” Schuller will sell NFTs that will grant owners a percentage of future streaming royalties from Justin Bieber’s hit song Company.
Schuller partnered with AnotherBlock, a blockchain-based music rights platform, to sell 1% of the streaming rights to Bieber’s Company via 2,000 Ethereum NFTs.
Each ERC-721 token is priced at 0.017ETH (about $28), and each holder will receive 0.0005% of future streaming revenue from digital service providers such as Apple Music, Tidal, and Spotify. Starting September 7th, AnotherBlock accepts credit card and cryptocurrency payments.