NFTS - The Music Industry Revolution: Hits Like Music NFTs
The GLOBAL ROCKSTAR CEO Christof Straub announces the launch of the world's first Music NFTs for fans alongside guest speaker, blockchain guru Don Tapscott.
Acquire Entries on hits, share the success of your favorite artists and secure your rights on blockchain - a long-awaited vision has just come true with the launch of Music NFTs (NonFungible Tokens) by Viennese pioneer Global Rockstar. The startup is therefore one step ahead of the competition and takes off with over 150,000 Music NFTs on day one.
On November 18, 2021, Global Rockstar hosted a presentation at the Global Peter Drucker Forum , a management conference that annually brings together the most renowned minds of business research and practice in Vienna, at which Global Rockstar founder Christof Straub explained the revolutionary potential of his Music NFTs, a breakthrough that cyber guru Don Tapscott had planned for 2016.
Music NFTs allow for more direct fan engagement: Anyone can invest in songs by their favorite artists and share in the success and revenue from streams, downloads, broadcasts radio, television, CDs, live performances and advertising agreements during the 70-year duration of the copyright of the recording. Together the investment, plus, the animation of a rare edition cover are secured in the form of music NFTs on the blockchain. NFTs cannot be substituted or copied, which means that if traded in the future, all transactions are fully traceable and it is always clear who owns what.
One notable effect of the disruptive power of NFTs will be the increased income for artists compared to traditional music business levels. For Tapscott, this acts as proof of his 2016 insight that blockchain would enable "transformation to a prosperous future" by:
Protecting rights through immutable records
Creating a true sharing economy
Ensuring compensation for creators of value
Simple, secure and transparent: These are the pillars of the Global Rockstar's Music NFTs philosophy. Fans do not need cryptocurrencies or knowledge. Besides, the cryptocurrency safe is offered by Global Rockstar in an easy-to-use workflow. No large sums are needed either: the minimum investment is 5 euros.
NFT News: As a special launch opportunity, fans of the Eurovision Song Contest can now own a true part of a final Festival song including an animation of the cover of a limited edition: "Anyone who goes to globalrockstar.com today, can buy ZOË's Music NFTs from" Loin d'ici "from the Eurovision Song Contest 2016. Not only is this an exclusive collector's item, but the Recording has proven to generate stable income over the years and will continue to do so as long as the Festival and its fans exist, "said Christof Straub. "In addition, we will be re-recording the success to give it a new impetus. This way, the fans who participate will see the benefits multiplied, since they will participate in the income of all the previous versions (including acoustic versions and remixes) and the new ones."
In addition to up-and-coming new musicians, the company is signing new deals with the rights holders of major song catalogs and will soon be regularly featuring World Hits Music NFTs on globalrockstar.com.
Finally In spring 2022, another coveted category of Music NFTs will go on sale in the form of collectibles, previously unreleased recordings and special limited edition versions, including the first demo of a global hit.
At the end of November, Global Rockstar will present its Music NFTs on the blockchain track of the Amazon Web Services (AWS) re: invent conference in the United States. Together with Global Rockstar, AWS Professional Services built the blockchain infrastructure on Amazon Managed Blockchain and implemented the smart contracts.
GLOBAL ROCKSTAR Your participation in Music NFTs
Portaltic.The metaverso as a "long-term investment opportunity", according to experts.