Attention music lovers and crypto enthusiasts! The biggest news to hit the music world has just been announced and we can barely contain our excitement! Rihanna’s smash hit “Bitch Better Have My Money” is now available as non-fungible tokens (NFTs), and the collection sold out in a matter of minutes after the announcement!
In a collaboration with European crypto startup AnotherBlock, the song’s producer Jamil “Deputy” Pierre has sold a fraction of his streaming rights to the song via 300 NFTs, each being sold at $210. This means that each collector now owns 0.0033% of the streaming royalties to the song and can expect to receive their first royalty payouts on Feb. 16th!
The Current Floor for Rhianna’s NFT is 1.3 ETH or $4,014.97 USD
And the best part? The NFTs sold out rapidly, generating $63,000 in revenue for AnotherBlock immediately! As the head of community and growth at AnotherBlock, Andreas Bigert, stated, he now owns a piece of the streaming rights to the Rihanna song and will receive royalties when it is streamed “for life.”
The value of AnotherBlock’s music rights catalog has already jumped 16% since its first launch just six months ago, and with “Bitch Better Have My Money” having been streamed over 673 million times on Spotify, collectors can expect to receive returns of between 6.1% and 6.8% in the first year.
This NFT drop comes ahead of Rihanna’s highly-anticipated performance at the Super Bowl half-time show this Sunday, where she will take the stage for the first time in seven years!
NFTs are becoming increasingly popular in the music industry, with several artists tokenizing their music, including The Chainsmokers and Diplo. Platforms such as Royal, Sound.xyz, and Catalog are also gaining popularity for selling song rights as NFTs.
Don’t miss out on this opportunity to own a piece of music history and earn royalties in the process! Get your hands on one of these NFTs now!
sold out in a few minutes on the allowlist sale
our community is absolutely amazing without you guys this would never have been possible▪️ our upcoming pipeline of music drops is absolutely amazing rest assured
▪️ the 16th of feb our first holders will receive the first payout pic.twitter.com/pCPSOopvsV
— anotherblock ◼️ (@anotherblock_io) February 9, 2023