Inspired by their Crypto Punk NFTs, Steve Aoki and 3LAU explore a deeper techno sound and invite fans to own a percentage of streaming royalties. s
have teamed up for a collaborative project called PUNX and set the release of their debut single, “Concentrate,” for April 28. The duo will share 50% of the song’s ownership with fans through a limited-edition NFT release on 3LAU’s music rights platform Royal.
PUNX is described as an “audio-visual IRL-meets-metaverse supergroup” inspired by the pair’s Crypto Punks — NFT avatars that currently trade for a minimum of 49 ETH . In a departure from their typical stadium-friendly EDM crowd-pleasers, 3LAU previously said the project will explore a different type of music, withPUNX will invite fans to own a percentage of the song’s streaming royalties by using Web3 platform Royal to sell 99 NFT tokens, each granting holders 0.5% ownership.
“Releasing ‘Concentrate’ as part of PUNX is a major moment for us,” said 3LAU in a statement. “It offers our earliest supporters & believers a unique opportunity to co-own the song with me and Aoki. By launching the PUNX project on Royal, we’re not only pushing creative boundaries, we’re also empowering our community to be a part of our journey and share in our success from day one. It’s a new era for music, and I’m proud to be at the forefront of this exciting movement.
Both 3LAU and Aoki have been at the forefront of Web3 over the last few years. 3LAU holds the record for the biggest music NFT sale,at auction in 2021. Meanwhile, Aoki earned $4 million from his first NFT collection and claims to have made more money from Web3 than all his record label advances. “It’s incredible to be at the center of this evolution,” said Aoki. “Not only building community, but giving back to it directly.
PUNX is the latest music project to leverage the permissive license of NFT avatar projects, allowing 3LAU and Aoki to use their Crypto Punks to promote and monetize their music. Similarly, Universal Music Group’s Web3 supergroup KINGSHIP utilized the IP of four Bored Ape Yacht Club characters to create a virtual band, while
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Edward Lee: NFTs are the greatest disruption to the art world since cubismCommentary: Attacks against NFTs will not age well. Virtual ownership through NFTs is another part of a profound societal transformation.
Read more »
Judge Rules Those Fake Bored Ape NFTs Broke BAYC's TrademarkRyder Ripps and other makers of parody bored apes will owe money to Yuga Labs as a judge rules those non-fungible tokens are trademark protected.
Read more »
No One Cares About Your NFTs — Here's Why | HackerNoonDiscover how NFTs can be used to solve real-world problems like election integrity and scam prevention. - nfts nfteconomy
Read more »
Apple's outside payments ban upheld as unlawful in likely win for NFTs and cryptoApple’s forced use of its own system for in-app purchases was deemed to violate the law by a California appeals court which could be a win for crypto and NFT projects looking to add functionality to their iOS apps.
Read more »
A beginner’s guide to CryptoPunks NFTsFrom free collectibles to million-dollar artworks, CryptoPunks have made their mark on the blockchain. Discover how these unique digital images became some of the most sought-after NFTs in the space.
Read more »
Romania to launch national NFT marketplace: Nifty Newsletter, April 19–25Yuga Labs scored a key win in its court battle with a BAYC copycat creator. All that and more in this week’s Nifty Newsletter!
Read more »