BAND for beginners
What are BAND Music NFTs and
how do they work?
BAND Royalty is your entrance
into the music industry matrix, where you can learn how the
music industry really
works and you can become a music mogul in the process.
By giving real utility to the BAND NFTs we are creating a first of it’s kind inclusive platform that lets music lovers
and fans take their enjoyment to the next level by sharing access with them to the secret world of music royalties and more.
Through BAND NFT music art on the blockchain, NFT holders access the opportunity to stake NFTs onto the BAND Royalty platform, giving them the potential to govern new music royalty acquisitions and earn crypto from some of the most popular songs and artists anywhere in the world.
BAND for beginners
What are BAND Music
NFTs and how do they
work?
BAND Royalty is your entrance into the music industry matrix, where you can learn how the music industry really
works and you can become a music mogul in the process.
By giving real utility to the BAND NFTs we are creating a first of it’s kind inclusive platform that lets music lovers
and fans take their enjoyment to the next level by sharing access with them to the secret world of music royalties
and more.
Through BAND NFT music art on the blockchain, NFT holders access the opportunity to stake NFTs onto the BAND
Royalty platform, giving them the potential to govern new music royalty acquisitions and earn crypto from some
of the most popular songs and artists anywhere in the world.
FREQUENTLY ASKED QUESTIONS
Click to expand each FAQ below to get all the details.
What are BAND Music NFTs and how do they work?
What are BAND Music NFTs and how do they work?
BAND Royalty is your entrance into the music industry matrix, where you can for the first time learn how money is made (if you are not a performer) and become a music mogul. To begin that journey, BAND decided to celebrate the diversity of music worldwide. With both founders growing up on opposite ends of the world, Barnaby Andersun (BA) being Australian and Noble Drakoln (ND) being an African-American originally from New York, they have both traveled the world and enjoyed all types of music. The two founders wanted to reflect this in their carefully curated limited-edition artwork of 15 pieces to adorn the eight levels of rarity in the BAND NFT collection. By giving real utility to the BAND NFTs we are creating a first of it’s kind inclusive platform that lets music lovers and fans take their enjoyment to the next level by sharing access with them to the secret world of music royalties (where all the major labels make their profits). Through BAND NFT music art on the blockchain, NFT holders access the opportunity to stake NFTs onto the BAND Royalty platform, giving them the potential to govern new music royalty acquisitions and earn crypto from some of the most popular songs and artists anywhere in the world.
BAND Royalty: Revolutionizes music industry
BAND Royalty: Revolutionizes music industry
BAND is dedicated to giving access to the secret world of music royalties to fans, with the intent to teach them how their favorite artists make a living and eventually establish a system where we can work with music performers, music writers and producers and be their label of first resort and have their body of work as the base to gain funding from their fans or lovers of music. BAND is connecting artists and their fans in a way that’s never been done before, using music royalties in pools, as the glue. Each of BAND Royalty's pools have similar mechanics attached to them.
Does “Music Mogul Club” access NFT royalties?
At the outset there will be 3 Types of BAND Royalty Music Pools available solely for those that buy a BAND Royalty NFT. The goal of the staking is to provide a utility to our art NFTs so that holders do not have to rely solely on appreciation to gain value from their NFTs:
Publishing
Mechanical / Public performance
Synchronization
Buying any of the BAND Royalty NFTs puts you into the Music Mogul Club. Only MMC members (owners of a BAND NFT) are able to access the original 3 music royalty pools by meeting all requirements to stake a BAND NFT for various periods of time (90 days to 5 years) into one or more of the pools. Longer stakers earn more access to the revenues from the royalties.
Simply owning a BAND NFT does not automatically grant you access to these top-tier music artist royalty pools, nor any music royalty rights transferred or shared to BAND NFT buyers. The only way to access royalty revenue is to put one of your BAND NFTs into one these music royalty pools and activating the staking of your BAND NFTs. Staking does not equal ownership of the royalties. It simply provides access to the revenues from the royalty streams across 3 staking pools.
As BAND continues to expand its music royalties library collection, this grows the BAND royalty income stream with more top tier tracks and artists added to the collection, while the supply of BAND NFTs remains capped at only 3,000 for Series 1, and 12,000 for all 4 limited series.
BAND NFTs are on the Ethereum blockchain, available on our NFT shop.
What is an NFT anyway (non-fungible token)?
What is an NFT anyway (non-fungible token)?
NFT stands for Non-Fungible Token. NFTs are cryptographically secure digital assets, distinct from "normal" cryptocurrencies that are fungible. Fungibility means interchangeable and a term used in banking to refer to currencies. Fungible "tokens" retain their same value inside their own network. Any currency token unit that denominates value carries exactly the same value with nothing unique about the token. The real utility of currency tokens is how easily they can each be swapped and exchanged, and even broken apart into smaller units of further equal value. Dollars, pesos, bitcoin and ETH are great examples of fungible tokens. You don't care about any specific dollar note (or digit), each dollar the same as any other dollar. That is how a fungible token works.
What is non-fungible? Artwork has always carried value as a non-fungible item, because each piece was non-divisible, unique (scarcity) and some very prestigious, which is what can gave it value. Then you have limited edition prints by an artist who only signed 100 copies. People trusted there were only ever going to be 100 prints, because they trusted brand name of that artist. The same can be said for baseball cards. There were limited print sets of certain series of cards, with some having fewer prints than others. As the cards or prints got older, some were lost or destroyed, further adding to their rarity and collectability.
Cryptographers tried for over 40 years at the near impossible task of inventing a non-confiscatable, non-hackable, non-counterfitable, non-duplicatable fully fungible digital token, which was not realized until Satoshi's 2009 invention of Bitcoin as the first truly decentralized, unstoppable, cryptographically secure fungible digital asset arrived.
With the advent of blockchain technology, it was clear there were only ever going to be two types of tokenized digital assets needed, fungible tokens and non-fungible tokens. Pioneering blockchain tech invented the very first NFT in 2014. But NFTs didn't gain popularity until the launch of Crypto Kitties in December 2017. And not until 2021 would NFTs gain mass popularity with the record smashing digital artwork NFT sales of Beeple and sports NBA TopShot NFTs). Over half a billion has been spent on NFTs since December 2017. BAND NFTs are here.
What makes BAND Royalty NFTs unique?
What makes BAND Royalty NFTs unique?
So far we have seen NFT technology mainly used for what some would consider “the fun stuff.” Art has dominated the NFT space, climaxing with the artist Beeple selling a digital art piece for a record $69 million. For many this sale validated the legitimacy of NFTs as a new asset class. While at the same time Bob Dylan sold his entire music catalog to Universal Music Publishing Group for $300 million dollars. Something is happening in both the digital world and the music world, where intellectual property is gaining value, while at the same time increasing the wealth divide.
Following both of these events, the founders of BAND Royalty wanted to do something truly innovative within the NFT sector, taking an established industry, music royalties, and re-imagine how they could be designed using ART NFTs and the blockchain. At BAND Royalty we combined art & music, dedicating both time and resources, to make a unique ART NFT that also had DeFi utility by tapping into music royalties, as a soft landing for the crypto markets volatility. By acquiring performance music royalty rights with some of the music industry’s biggest stars actually performing the music, BAND has brought a one of a kind DeFi experience to allow limited edition art NFTs to be staked against song royalty ownership. This has not been done before.
Almost no other NFT in the entire space carries with it the ability to generate a revenue from real world assets. BAND Royalty's first ever NFT collection "Every time it's played", offers such a unique opportunity in the world of NFTs as to actually be in it’s own class. An NFT with full utility. Once you acquire one of our BAND NFTs the relationship doesn’t end there, you become part of the Music Mogul Club (MMC) which by itself will give various perks and opportunities that only BAND NFT holders can access. You can see the BAND NFTs for sale here.
So what does this mean? Whenever a song or album is released, a number of individuals and labels hold rights to the royalties that a particular song or album earns. If a Justin Timberlake song is used in a commercial during the Super Bowl, everyone who holds rights to that song will split the royalties earned.
The rights that BAND Royalty owns are the songwriter’s ‘writer rights.’ This is very important because it opens the BAND Royalty catalog to royalties whenever a song is played or performed, even if it is not performed by the specific artist who made the song famous. Every time they're played, royalty revenue is generated, and this becomes available to those who are holding and staking their Band Royalty NFTs.
Where and how do I buy a BAND Royalty NFT?
Where and how do I buy a BAND Royalty NFT?
So far we have seen NFT technology mainly used for what some would consider “the fun stuff.” Art has dominated the NFT space, climaxing with the artist Beeple selling a digital art piece for a record $69 million. For many this sale validated the legitimacy of NFTs as a new asset class. While at the same time Bob Dylan sold his entire music catalog to Universal Music Publishing Group for $300 million dollars. Something is happening in both the digital world and the music world, where intellectual property is gaining value, while at the same time increasing the wealth divide.
Following both of these events, the founders of BAND Royalty wanted to do something truly innovative within the NFT sector, taking an established industry, music royalties, and re-imagine how they could be designed using ART NFTs and the blockchain. At BAND Royalty we combined art & music, dedicating both time and resources, to make a unique ART NFT that also had DeFi utility by tapping into music royalties, as a soft landing for the crypto markets volatility. By acquiring performance music royalty rights with some of the music industry’s biggest stars actually performing the music, BAND has brought a one of a kind DeFi experience to allow limited edition art NFTs to be staked against song royalty ownership. This has not been done before.
Almost no other NFT in the entire space carries with it the ability to generate a revenue from real world assets. BAND Royalty's first ever NFT collection "Every time it's played", offers such a unique opportunity in the world of NFTs as to actually be in it’s own class. An NFT with full utility. Once you acquire one of our BAND NFTs the relationship doesn’t end there, you become part of the Music Mogul Club (MMC) which by itself will give various perks and opportunities that only BAND NFT holders can access. You can see the BAND NFTs for sale here.
So what does this mean? Whenever a song or album is released, a number of individuals and labels hold rights to the royalties that a particular song or album earns. If a Justin Timberlake song is used in a commercial during the Super Bowl, everyone who holds rights to that song will split the royalties earned.
The rights that BAND Royalty owns are the songwriter’s ‘writer rights.’ This is very important because it opens the BAND Royalty catalog to royalties whenever a song is played or performed, even if it is not performed by the specific artist who made the song famous. Every time they're played, royalty revenue is generated, and this becomes available to those who are holding and staking their Band Royalty NFTs.
How do I buy Ethereum to then get the NFTs?
How do I buy Ethereum to then get the NFTs?
The way you purchase a BAND Royalty NFT is with Ethereum.
1 ETH gets you one BAND Vinyl NFT from the BAND NFT Shop.
So to get your own BAND Royalty NFT, you need minimum 1 ETH.
With your ETH you connect to our BAND NFT Shop with a Metamask wallet (or Trust Wallet) compatible browser (Chrome, Firefox, Brave).
The simplest way to get some ETH, is from a major cryptocurrency exchange, like Binance, Coinbase or Kraken.
Once you've bought your ETH from an exchange you transfer it to your own private Metamask wallet. For the steps, see our step by step video.
What is BAND’s NFT music royalty ROI (return)?
What is BAND's NFT music royalty ROI (return)?
While a lot of DeFi projects tout crazy returns because they are not attached to real world assets, here at BAND Royalty we can’t and won’t. The DeFi component is being offered as a utility to support the art NFTs. We want to make it very clear, the most important aspect of this project are the limited edition art NFTs, only 3000 BAND Royalty NFTs are being made in each of the four series, for a total of 12,000 NFTs. That’s it.
Between the activity in the secondary market place for our NFTs and the variable stream of income from our royalties, it is not possible for us to calculate an exact return from the BAND Royalty music staking pools for every individual that owns a BAND NFT. That’s 100% your job to assess, doing your own research (DYOR). If it makes sense to you to be in the pool, stake in the pool, if it makes sense to put the NFTs on the secondary market, put them on secondary market. This is crypto, you are always responsible for your decisions. We are here providing an alternative that the majority of NFTs projects don’t have at this time.
BAND Royalty set out to do something unique. Unlike nearly any other NFT in the market, there is a real world asset (music royalty catalogs) that can have their revenues accessible to BAND NFT stakers.
We realize not all BAND Royalty holders will stake. Many will want to hold. Others will want to see if they can trade their NFTs for potential price appreciation due to the strictly limited supply of the BAND NFTs (only 3000 NFTs in Series 1 available). This caps out at 4 series, with 12,000 maximum BAND NFTs ever available.
50% of the royalty payments received from industry royalty collection firms (BMI, ASCAP, etc.) gets paid out on a schedule throughout the year to those who have staked their BAND NFTs.
The 3 royalty pools collect a different amount of royalties.
Each song in the catalog is played a different number of times.
The number of NFT stakers is different for each pool.
Length of time staked, longer earns more (90 days to 5 years).
All of this information will be made transparent to you. By now you can see, based upon all of the above variables, plus others not even mentioned, why it is not possible to calculate a specific ROI return on BAND NFTs, you have to do that on your own and determine what’s right for you.
The core value is, a strictly limited supply of beautifully rendered 3D BAND NFTs (only ever 12,000), with limited number of those actually staking, earning on an ever expanding music royalty catalog collection.
A growing income from more songs in the catalog, on a fixed supply of NFTs. Think about that. Check out the 15 unique BAND NFTs for sale.
Does the NFT Staker have a choice of which artist royalties, or are they simply accessing a pool of royalties of many artists?
Does the NFT Staker have a choice of which artist royalties, or are they simply accessing a pool of royalties of many artists?
Firstly the NFT and the staking are two separate things. Your first step is to buy an artist BAND Royalty NFT. Once you have one (or more) you can stake your BAND Royalty NFT to secure streaming royalty from the collective pool of many artist.
This gives you the best of both worlds, the value of the specific music artist NFT for potential trading opportunities, plus the ability to stake and earn from a pooled collection of quality artists.
Is there a master list of artists available?
Is there a master list of artists available?
We are setting up to bring on royalties from Jay-Z, Justin Timberlake, Cher, will.i.am, Timbaland, Missy Elliott, Rihanna, and more, Beyoncé, along with other top tier artist royalties. See them here.
How does BAND NFT staking work?
How does BAND NFT staking work?
When you buy the BAND Royalty NFT it gives you access to the collection royalty pool, from which you earn a slice from all the artists in that collection. The more BAND Royalty NFTs you own and stake, the larger your slice of the royalty you can potentially earn from. However you might also find that your BAND Royalty NFT has trading value on its own. You can test out the NFT staking by dipping your toe into and out of the staking pool from staking periods lasting 90 days up to 5 years. The more BAND Royalty NFTs you stake for longer, the bigger your slice from the collection royalty pool.
What is the revenue mechanism for collecting these royalty NFTs?
What is the revenue mechanism for collecting these royalty NFTs?
The artist in the BAND Royalty collection pool will supply a mixture of royalties from top tier artists. This revenue comes in from streaming and publishing. We work with top industry administrators who collect these streaming and publishing royalties on our behalf. These include major royalty collectors ASCAP and BMI, plus others from around the world.
Funds from royalties are received, and then paid out proportionally to BAND Royalty NFT stakes into 3 staking pools.
How does staking BAND NFTs qualify you to receive a portion of the royalties?
How does staking BAND NFTs qualify you to receive a portion of the royalties?
Each BAND NFT can be staked a from of 90 days, to 5 years.
Those who stake BAND NFTs longer get proportionally increased amount of the royalties. BAND NFTs are locked in during this selected staking period, and any income earned is calculated and held in reserve, awaiting full payment upon the completion of the staking period.
If you terminate your NFT staking prior to your allotted time, you forfeit all the earnings, which are then dispersed back to the other stakers.
What are the 4 Ways NFT stakers earn?
What are the 4 Ways NFT stakers earn?
1. Earn 50% from BAND Royalty music catalog revenue.
2. Earn 5% on BAND NFTs traded on OpenSea, or on BAND platform.
3. Earn 50% from any auctions of single BAND music tracks sold.
4. Earn 5% from re-selling of music royalties on the BAND platform.
There are plans to sell 3 additional series of BAND NFTs with 2000 - 3000 NFTs in each series, coupled with each series having unique artwork and designs. Capping the maximum BAND NFTs at 12,000.
As BAND Royalty earns more revenue from NFT sales, the platform continues to buy more music royalties to add into the 3 pools, which further increases the pooled royalty stream income into the future.
FREQUENTLY ASKED QUESTIONS
Click to expand each FAQ below to get all the details.
What are BAND Music NFTs and how do they work?
What are BAND Music NFTs and how do they work?
BAND Royalty is your entrance into the music industry matrix, where you can for the first time learn how money is made (if you are not a performer) and become a music mogul. To begin that journey, BAND decided to celebrate the diversity of music worldwide. With both founders growing up on opposite ends of the world, Barnaby Andersun (BA) being Australian and Noble Drakoln (ND) being an African-American originally from New York, they have both traveled the world and enjoyed all types of music. The two founders wanted to reflect this in their carefully curated limited-edition artwork of 15 pieces to adorn the eight levels of rarity in the BAND NFT collection. By giving real utility to the BAND NFTs we are creating a first of it’s kind inclusive platform that lets music lovers and fans take their enjoyment to the next level by sharing access with them to the secret world of music royalties (where all the major labels make their profits). Through BAND NFT music art on the blockchain, NFT holders access the opportunity to stake NFTs onto the BAND Royalty platform, giving them the potential to govern new music royalty acquisitions and earn crypto from some of the most popular songs and artists anywhere in the world.
BAND Royalty: Revolutionizes music industry
BAND Royalty: Revolutionizes music industry
BAND is dedicated to giving access to the secret world of music royalties to fans, with the intent to teach them how their favorite artists make a living and eventually establish a system where we can work with music performers, music writers and producers and be their label of first resort and have their body of work as the base to gain funding from their fans or lovers of music. BAND is connecting artists and their fans in a way that’s never been done before, using music royalties in pools, as the glue. Each of BAND Royalty's pools have similar mechanics attached to them.
Does “Music Mogul Club” access NFT royalties?
At the outset there will be 3 Types of BAND Royalty Music Pools available solely for those that buy a BAND Royalty NFT. The goal of the staking is to provide a utility to our art NFTs so that holders do not have to rely solely on appreciation to gain value from their NFTs:
Publishing
Mechanical / Public performance
Synchronization
Buying any of the BAND Royalty NFTs puts you into the Music Mogul Club. Only MMC members (owners of a BAND NFT) are able to access the original 3 music royalty pools by meeting all requirements to stake a BAND NFT for various periods of time (90 days to 5 years) into one or more of the pools. Longer stakers earn more access to the revenues from the royalties.
Simply owning a BAND NFT does not automatically grant you access to these top-tier music artist royalty pools, nor any music royalty rights transferred or shared to BAND NFT buyers. The only way to access royalty revenue is to put one of your BAND NFTs into one these music royalty pools and activating the staking of your BAND NFTs. Staking does not equal ownership of the royalties. It simply provides access to the revenues from the royalty streams across 3 staking pools.
As BAND continues to expand its music royalties library collection, this grows the BAND royalty income stream with more top tier tracks and artists added to the collection, while the supply of BAND NFTs remains capped at only 3,000 for Series 1, and 12,000 for all 4 limited series.
BAND NFTs are on the Ethereum blockchain, available on our NFT shop.
What is an NFT anyway (non-fungible token)?
What is an NFT anyway (non-fungible token)?
NFT stands for Non-Fungible Token. NFTs are cryptographically secure digital assets, distinct from "normal" cryptocurrencies that are fungible. Fungibility means interchangeable and a term used in banking to refer to currencies. Fungible "tokens" retain their same value inside their own network. Any currency token unit that denominates value carries exactly the same value with nothing unique about the token. The real utility of currency tokens is how easily they can each be swapped and exchanged, and even broken apart into smaller units of further equal value. Dollars, pesos, bitcoin and ETH are great examples of fungible tokens. You don't care about any specific dollar note (or digit), each dollar the same as any other dollar. That is how a fungible token works.
What is non-fungible? Artwork has always carried value as a non-fungible item, because each piece was non-divisible, unique (scarcity) and some very prestigious, which is what can gave it value. Then you have limited edition prints by an artist who only signed 100 copies. People trusted there were only ever going to be 100 prints, because they trusted brand name of that artist. The same can be said for baseball cards. There were limited print sets of certain series of cards, with some having fewer prints than others. As the cards or prints got older, some were lost or destroyed, further adding to their rarity and collectability.
Cryptographers tried for over 40 years at the near impossible task of inventing a non-confiscatable, non-hackable, non-counterfitable, non-duplicatable fully fungible digital token, which was not realized until Satoshi's 2009 invention of Bitcoin as the first truly decentralized, unstoppable, cryptographically secure fungible digital asset arrived.
With the advent of blockchain technology, it was clear there were only ever going to be two types of tokenized digital assets needed, fungible tokens and non-fungible tokens. Pioneering blockchain tech invented the very first NFT in 2014. But NFTs didn't gain popularity until the launch of Crypto Kitties in December 2017. And not until 2021 would NFTs gain mass popularity with the record smashing digital artwork NFT sales of Beeple and sports NBA TopShot NFTs). Over half a billion has been spent on NFTs since December 2017. BAND NFTs are here.
What makes BAND Royalty NFTs unique?
What makes BAND Royalty NFTs unique?
So far we have seen NFT technology mainly used for what some would consider “the fun stuff.” Art has dominated the NFT space, climaxing with the artist Beeple selling a digital art piece for a record $69 million. For many this sale validated the legitimacy of NFTs as a new asset class. While at the same time Bob Dylan sold his entire music catalog to Universal Music Publishing Group for $300 million dollars. Something is happening in both the digital world and the music world, where intellectual property is gaining value, while at the same time increasing the wealth divide.
Following both of these events, the founders of BAND Royalty wanted to do something truly innovative within the NFT sector, taking an established industry, music royalties, and re-imagine how they could be designed using ART NFTs and the blockchain. At BAND Royalty we combined art & music, dedicating both time and resources, to make a unique ART NFT that also had DeFi utility by tapping into music royalties, as a soft landing for the crypto markets volatility. By acquiring performance music royalty rights with some of the music industry’s biggest stars actually performing the music, BAND has brought a one of a kind DeFi experience to allow limited edition art NFTs to be staked against song royalty ownership. This has not been done before.
Almost no other NFT in the entire space carries with it the ability to generate a revenue from real world assets. BAND Royalty's first ever NFT collection "Every time it's played", offers such a unique opportunity in the world of NFTs as to actually be in it’s own class. An NFT with full utility. Once you acquire one of our BAND NFTs the relationship doesn’t end there, you become part of the Music Mogul Club (MMC) which by itself will give various perks and opportunities that only BAND NFT holders can access. You can see the BAND NFTs for sale here.
So what does this mean? Whenever a song or album is released, a number of individuals and labels hold rights to the royalties that a particular song or album earns. If a Justin Timberlake song is used in a commercial during the Super Bowl, everyone who holds rights to that song will split the royalties earned.
The rights that BAND Royalty owns are the songwriter’s ‘writer rights.’ This is very important because it opens the BAND Royalty catalog to royalties whenever a song is played or performed, even if it is not performed by the specific artist who made the song famous. Every time they're played, royalty revenue is generated, and this becomes available to those who are holding and staking their Band Royalty NFTs.
Where and how do I buy a BAND Royalty NFT?
Where and how do I buy a BAND Royalty NFT?
So far we have seen NFT technology mainly used for what some would consider “the fun stuff.” Art has dominated the NFT space, climaxing with the artist Beeple selling a digital art piece for a record $69 million. For many this sale validated the legitimacy of NFTs as a new asset class. While at the same time Bob Dylan sold his entire music catalog to Universal Music Publishing Group for $300 million dollars. Something is happening in both the digital world and the music world, where intellectual property is gaining value, while at the same time increasing the wealth divide.
Following both of these events, the founders of BAND Royalty wanted to do something truly innovative within the NFT sector, taking an established industry, music royalties, and re-imagine how they could be designed using ART NFTs and the blockchain. At BAND Royalty we combined art & music, dedicating both time and resources, to make a unique ART NFT that also had DeFi utility by tapping into music royalties, as a soft landing for the crypto markets volatility. By acquiring performance music royalty rights with some of the music industry’s biggest stars actually performing the music, BAND has brought a one of a kind DeFi experience to allow limited edition art NFTs to be staked against song royalty ownership. This has not been done before.
Almost no other NFT in the entire space carries with it the ability to generate a revenue from real world assets. BAND Royalty's first ever NFT collection "Every time it's played", offers such a unique opportunity in the world of NFTs as to actually be in it’s own class. An NFT with full utility. Once you acquire one of our BAND NFTs the relationship doesn’t end there, you become part of the Music Mogul Club (MMC) which by itself will give various perks and opportunities that only BAND NFT holders can access. You can see the BAND NFTs for sale here.
So what does this mean? Whenever a song or album is released, a number of individuals and labels hold rights to the royalties that a particular song or album earns. If a Justin Timberlake song is used in a commercial during the Super Bowl, everyone who holds rights to that song will split the royalties earned.
The rights that BAND Royalty owns are the songwriter’s ‘writer rights.’ This is very important because it opens the BAND Royalty catalog to royalties whenever a song is played or performed, even if it is not performed by the specific artist who made the song famous. Every time they're played, royalty revenue is generated, and this becomes available to those who are holding and staking their Band Royalty NFTs.
How do I buy Ethereum to then get the NFTs?
How do I buy Ethereum to then get the NFTs?
The way you purchase a BAND Royalty NFT is with Ethereum.
1 ETH gets you one BAND Vinyl NFT from the BAND NFT Shop.
So to get your own BAND Royalty NFT, you need minimum 1 ETH.
With your ETH you connect to our BAND NFT Shop with a Metamask wallet (or Trust Wallet) compatible browser (Chrome, Firefox, Brave).
The simplest way to get some ETH, is from a major cryptocurrency exchange, like Binance, Coinbase or Kraken.
Once you've bought your ETH from an exchange you transfer it to your own private Metamask wallet. For the steps, see our step by step video.
What is BAND’s NFT music royalty ROI (return)?
What is BAND's NFT music royalty ROI (return)?
While a lot of DeFi projects tout crazy returns because they are not attached to real world assets, here at BAND Royalty we can’t and won’t. The DeFi component is being offered as a utility to support the art NFTs. We want to make it very clear, the most important aspect of this project are the limited edition art NFTs, only 3000 BAND Royalty NFTs are being made in each of the four series, for a total of 12,000 NFTs. That’s it.
Between the activity in the secondary market place for our NFTs and the variable stream of income from our royalties, it is not possible for us to calculate an exact return from the BAND Royalty music staking pools for every individual that owns a BAND NFT. That’s 100% your job to assess, doing your own research (DYOR). If it makes sense to you to be in the pool, stake in the pool, if it makes sense to put the NFTs on the secondary market, put them on secondary market. This is crypto, you are always responsible for your decisions. We are here providing an alternative that the majority of NFTs projects don’t have at this time.
BAND Royalty set out to do something unique. Unlike nearly any other NFT in the market, there is a real world asset (music royalty catalogs) that can have their revenues accessible to BAND NFT stakers.
We realize not all BAND Royalty holders will stake. Many will want to hold. Others will want to see if they can trade their NFTs for potential price appreciation due to the strictly limited supply of the BAND NFTs (only 3000 NFTs in Series 1 available). This caps out at 4 series, with 12,000 maximum BAND NFTs ever available.
50% of the royalty payments received from industry royalty collection firms (BMI, ASCAP, etc.) gets paid out on a schedule throughout the year to those who have staked their BAND NFTs.
The 3 royalty pools collect a different amount of royalties.
Each song in the catalog is played a different number of times.
The number of NFT stakers is different for each pool.
Length of time staked, longer earns more (90 days to 5 years).
All of this information will be made transparent to you. By now you can see, based upon all of the above variables, plus others not even mentioned, why it is not possible to calculate a specific ROI return on BAND NFTs, you have to do that on your own and determine what’s right for you.
The core value is, a strictly limited supply of beautifully rendered 3D BAND NFTs (only ever 12,000), with limited number of those actually staking, earning on an ever expanding music royalty catalog collection.
A growing income from more songs in the catalog, on a fixed supply of NFTs. Think about that. Check out the 15 unique BAND NFTs for sale.
Does the NFT Staker have a choice of which artist royalties, or are they simply accessing a pool of royalties of many artists?
Does the NFT Staker have a choice of which artist royalties, or are they simply accessing a pool of royalties of many artists?
Firstly the NFT and the staking are two separate things. Your first step is to buy an artist BAND Royalty NFT. Once you have one (or more) you can stake your BAND Royalty NFT to secure streaming royalty from the collective pool of many artist.
This gives you the best of both worlds, the value of the specific music artist NFT for potential trading opportunities, plus the ability to stake and earn from a pooled collection of quality artists.
Is there a master list of artists available?
Is there a master list of artists available?
We are setting up to bring on royalties from Jay-Z, Justin Timberlake, Cher, will.i.am, Timbaland, Missy Elliott, Rihanna, and more, Beyoncé, along with other top tier artist royalties. See them here.
How does BAND NFT staking work?
How does BAND NFT staking work?
When you buy the BAND Royalty NFT it gives you access to the collection royalty pool, from which you earn a slice from all the artists in that collection. The more BAND Royalty NFTs you own and stake, the larger your slice of the royalty you can potentially earn from. However you might also find that your BAND Royalty NFT has trading value on its own. You can test out the NFT staking by dipping your toe into and out of the staking pool from staking periods lasting 90 days up to 5 years. The more BAND Royalty NFTs you stake for longer, the bigger your slice from the collection royalty pool.
What is the revenue mechanism for collecting these royalty NFTs?
What is the revenue mechanism for collecting these royalty NFTs?
The artist in the BAND Royalty collection pool will supply a mixture of royalties from top tier artists. This revenue comes in from streaming and publishing. We work with top industry administrators who collect these streaming and publishing royalties on our behalf. These include major royalty collectors ASCAP and BMI, plus others from around the world.
Funds from royalties are received, and then paid out proportionally to BAND Royalty NFT stakes into 3 staking pools.
How does staking BAND NFTs qualify you to receive a portion of the royalties?
How does staking BAND NFTs qualify you to receive a portion of the royalties?
Each BAND NFT can be staked a from of 90 days, to 5 years.
Those who stake BAND NFTs longer get proportionally increased amount of the royalties. BAND NFTs are locked in during this selected staking period, and any income earned is calculated and held in reserve, awaiting full payment upon the completion of the staking period.
If you terminate your NFT staking prior to your allotted time, you forfeit all the earnings, which are then dispersed back to the other stakers.
What are the 4 Ways NFT stakers earn?
What are the 4 Ways NFT stakers earn?
1. Earn 50% from BAND Royalty music catalog revenue.
2. Earn 5% on BAND NFTs traded on OpenSea, or on BAND platform.
3. Earn 50% from any auctions of single BAND music tracks sold.
4. Earn 5% from re-selling of music royalties on the BAND platform.
There are plans to sell 3 additional series of BAND NFTs with 2000 - 3000 NFTs in each series, coupled with each series having unique artwork and designs. Capping the maximum BAND NFTs at 12,000.
As BAND Royalty earns more revenue from NFT sales, the platform continues to buy more music royalties to add into the 3 pools, which further increases the pooled royalty stream income into the future.
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BANDROYALTY
The first Metaverse music label. Built for music fans, musicians, producers, songwriters and artists. Enjoy.
BANDROYALTY
The first Metaverse music label. Built for music fans, musicians, producers, songwriters and artists. Enjoy.
BAND ROYALTY
We’re bringing digital creators, crypto natives,
and collector together . Join the community.
Copyright 2024 BANDROYALTY All Right Reserved
BANDROYALTY
The first Metaverse music label. Built for music fans, musicians, producers, songwriters and artists. Enjoy.
Copyright 2021 BANDROYALTY All Right Reserved
BANDROYALTY
The first Metaverse music label. Built for music fans, musicians, producers, songwriters and artists. Enjoy.
Copyright 2021 BANDROYALTY All Right Reserved
BANDROYALTY
We’re bringing digital creators, crypto natives,
and collector together . Join the community.
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