Ahead of a long-awaited half-time show at the Super Bowl, Rihanna released 300 NFTs costing $210 each — and they had the potential to be a nice little earner for lucky holders.
Rihanna and Linkin Park have become the latest musical talents to explore what non-fungible tokens has to offer.
Ahead of a long-awaited half-time show at the Super Bowl, Rihanna released 300 NFTs costing $210 each — and they had the potential to be a nice little earner for lucky holders.
Each collectible grants 0.0033% of the streaming royalties to her 2015 hit Bitch Better Have My Money — and overall, a 0.99% slice of the pie was up for grabs.
According to anotherblock, which organized the release, the NFTs sold out in a matter of minutes — and from next Thursday, collectors will receive royalty payments every six months.
A number of artists have started to tokenize their songs and offer a share of the royalties.
And while you could argue that Rihanna definitely doesn't need the money, it could be especially useful for up-and-coming artists who want to be closer to their fans.
NFTs even have the potential to disintermediate record labels and give musicians full creative control over their art.
Linkin Park Gets Creative
Meanwhile, Linkin Park has dusted off a song from its archives and released a brand-new music video.
And in a delightful twist, it's been directed by pplpleasr, a well-known digital artist and NFT creator.
The song is called Lost and has never been released before — and it's little coincidence that singer Mike Shinoda has long been a fan of what Web3 has to offer.
