Pop Icon Justin Bieber Drops His Hit Track ‘Company’ As An NFT

Updated: 06 September 2023

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Justin Bieber, the icon pop music singer and crypto investor, has announced plans to tokenize his hit track “Company” as a non-fungible token collection. The highly anticipated NFT drop will offer his crypto and music fans a slice of the royalties.

Justin Bieber's song "Company" is becoming an #NFT, allowing fans to earn a 1% royalty from its future streams. The NFT, created by anotherblock, keeps the rights with co-producer Axident. This move aims to connect fans with music through blockchain and #NFTs.

— NFTrendHub (@NFTrendHub) September 6, 2023

Bieber Drops His Hit Track ‘Company’ As An NFT

In a September 06 blog post, Anotherblock, the blockchain-centric music tech platform, confirmed plans to launch the “Company” hit track as an NFT. The tech firm will launch the highly awaited NFT collection alongside the co-producer of the song, Andreas Schuller, popularly known as Axident.

Born in 1994, Justin Drew Bieber is a Canadian singer. He is recognized for his genre-melding musicianship and global influence in modern-day popular music. Through his producer Axident and Anotherblock, Beiber will drop his ‘Company’ music track as an NFT collection this Thursday.

The highly anticipated NFT collection will feature a limited edition of 2000 NFTs, offering fans a 1% royalty share in the streams of the song. While speaking about the upcoming NFT launch, the co-producer Axident remarked:

“The ownership of a song bears far greater weight than its monetary value; it forges a profound connection to the art that, until now, has been beyond the reach of fans.”

Justin Bieber, one of the most popular artists of our time, released his popular music “Company” in 2016. Bieber’s hit song has captured the hearts and minds of millions of people around the world. The song’s initial release as a single reached Australia’s top 40 and landed at 53 on the United States charts. To date, the track has attracted over 500 million streams.

Bieber Still Bullish On NFTs Despite Incurring Loss

Justin Bieber remains bullish on non-fungible tokens despite incurring massive losses from his initial NFT investments. Earlier last year, the Grammy award-winning artist spent 500 ETH (around $1.3 million at the time) on Bored Ape Yacht Club #3001.

💰📷 In the volatile world of NFTs, even celebrities aren't immune to the risks. Justin Bieber's $1.3 million Bored Ape Yacht Club NFT is now worth just $59k! It's a stark reminder that investments, digital or otherwise, can fluctuate dramatically. #NFTs #Investment #Finance pic.twitter.com/wrDDV7P3Bk

— CapexCPA (@capex_cpa) July 9, 2023

Unfortunately, today, prices of Bored Ape Yacht Club, an NFT collection from the digital asset firm Yuga Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum network, have crashed to a two-year low. Justin Bieber’s NFT collection is now worth less than $100,000.