TL;DR
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Steve Aoki and Justin “3LAU” Blau just announced their first song as the CryptoPunks inspired duo, Punx.
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The guys at Punx have chosen 99 lucky NFT collectors – who own an A0kiverse Passport NFT, a Royal NFT or a CryptoPunks NFT – and will share with them half of all royalties for the new “Concentrate” single.
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While this may just be a single issue and a small group of NFT holders getting involved, it’s yet another example of how to build community and decentralize art ownership.
Full story
A new electronic duo drops their first single this week – the approach they choose is 😚🤌
Steve Aoki and Justin “3LAU” Blau just announced their first song as the CryptoPunks inspired duo, Punx.
“We really wanted the first track to embody the spirit of what CryptoPunks is all about: underground, kind of the first of their kind, and more specifically tech-savvy, tech-driven, [and] futuristic,” Blau told Decrypt.
This is how they approach this:
Both Aoki and Blau have been deep in the Web3 space for a few years – Aoki with his A0kiverse project, and Blau with the ‘Royal’ platform that allows people to buy the rights to song royalties while supporting artists.
The guys at Punx have chosen 99 lucky NFT collectors – who own an A0kiverse Passport NFT, a Royal NFT or a CryptoPunks NFT – and will share with them half of all royalties for the new “Concentrate” single.
If at any point those NFT collectors don’t want to be part of the project, they can just trade their royalties NFT, giving someone else the chance for passive income through music royalties.
Cool right?
While this may just be a single issue and a small group of NFT holders getting involved, it’s yet another example of how to build community and decentralize art ownership.
(And with so many bangers between Aoki and Blau, this might just be the beginning!)
