Rapper Nas to let fans own part of his music through NFTs
Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.”
Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get a specific percentage of streaming royalty ownership depending on the token that they hold.
“Ultra Black” comes from Nas’ 2021 Grammy award-winning Album King’s Disease, while “Rare” is from the follow-up 2022 Grammy-nominated album King’s Disease II. The former song will have a limited supply of 760 tokens, while the latter will have 1,110. Both will be released on Jan. 11, and buyers will be able to acquire 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, 2022https://www.youtube.com/watch?v=xufNMxB4QlE