You have all seen the news and heard the stories.The Square-Tidal Deal has given the music industry a boost and a ray of light at the end of the tunnel.
What is it all about?
Square is buying Tidal, Jay-Z’s controversial music-streaming service and revitalising it with NFT memorabilia.
After the last newsletter liquidity in CREATIVES®, we had to send an extra newsletter as a consequent of the many questions it raised…
Artists are selling their music as NFTs.
Some of you might remember Bowie Bonds (asset-backed securities) of current and future revenues of the 25 albums (287 songs) that David Bowie recorded before 1990. Issued in 1997, the bonds were bought for US$55 million (about $87.6 million in today’s dollars).
Fast forward to 2021, and technology is again starting to change the music industry. Justin Blau aka 3LAU, sold an NFT collection for $11.6 million via an online auction between February 25-28. He sold off a variety of different types of NFTs, some of which included access to new songs and digital copies of his 2017 Ultraviolet album.
Industry Report: February 2021, NFTs sector reaches all-time high sales
The new company Copyrights Flow (Org#: 16171695) will broker high-value royalties streams connecting Investors with Copyright owners. In the meetings the teams are having, the question of NFT and NIM comes up more often than not.
As it turns out, NIM has been including a basis creation of NTF with each registration of any Copyright for quite some time already (originally it was a question of cost), so the answer to that is a big YES! To expand on that is fairly easy (we have to define some extra functionality and get it audited, that’s all).
And it ties beautifully into our strapline “More money, faster – to copyright owners…”
NIM is not doing this as a specific business case, we are still focusing on creating value for the creators and liquidity in CREATIVES®
However, anyone partnering up with us has access to the basis NTFs and/or direct deals with high profile artist through the brokerage company Copyright Flow.
Why is this important?
- All NFT created by NIM can only be bought with CREATIVES®
- All investment in the online trading platform is made only in CREATIVES®.
- All royalties income is paid in fiat or transferable to CREATIVES® only.
- From CREATIVES® you can trade to any fiat and/or cryptocurrency via supported exchanges or NIMs Atomic Swap.