It’s official. Staging a musical NFT drop is no longer the cool, buzzy thing to do. Denying you’re involved in a musical NFT drop, that’s what all the cool dudes are doing.
It all began with Damon Dash, denying that he tried to sell a Jay-Z copyright as a non-fungible token. And now it’s A Tribe Called Quest in denial mode.Last month Royalty Exchange ran an NFT auction putting up for sale a royalty share right linked to the catalogue of the legendary hip hop outfit.
The lucky buyer would get themselves a 1.5% royalty share on the group’s first five studio albums.Royalty Exchange has facilitated many such transactions over the years – the transfer of royalty rights being its core business – though it recently jumped onto the NFT bandwagon.
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