{"id":436828,"date":"2023-09-06T10:34:20","date_gmt":"2023-09-06T10:34:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=436828"},"modified":"2023-09-06T14:35:33","modified_gmt":"2023-09-06T14:35:33","slug":"justin-biebers-hit-song-company-becomes-an-nft-that-enables-fans-to-earn","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/justin-biebers-hit-song-company-becomes-an-nft-that-enables-fans-to-earn","title":{"rendered":"Justin Bieber\u2019s Hit Song `Company` Becomes an NFT That Enables Fans To Earn"},"content":{"rendered":"<p>Justin Bieber&rsquo;s 2015 hit song &ldquo;Company&rdquo; will be turned into a non-fungible token (NFT) by the blockchain-oriented music platform <a href=\"https:\/\/anotherblock.io\/\">anotherblock<\/a>.<\/p>\n<p>The company plans to create 2,000 NFTs tied to the song, and aims to release them on Sept. 7, it said in a tweet. It&rsquo;s <a href=\"https:\/\/anotherblock.io\/drops\/justin-bieber-company\">partnering<\/a> with the song&rsquo;s co-producer, Andreas Schuller, who is also known as Axident.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;new drop alert&#128680;<\/p>\n<p>&#128191;JUSTIN BIEBER &ndash; COMPANY&#128191;<br>live on base 7.09.23\/\/7.sept.23&#128198;<\/p>\n<p>stay tuned for the full drop details&#9939;<\/p>\n<p>our next music rights collectible, don&rsquo;t miss it&#9726;&#65039;<\/p>\n<p>&#127482;&#127480;due to an uncertain regulatory environment, US minters will be geo-blocked for this drop <a href=\"https:\/\/t.co\/QflFRBNjuh\">pic.twitter.com\/QflFRBNjuh<\/a><\/p>\n<p>&mdash; anotherblock (@anotherblock_io) <a href=\"https:\/\/twitter.com\/anotherblock_io\/status\/1697324784336380101?ref_src=twsrc%5Etfw\">August 31, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>By purchasing and holding the NFTs, fans will be entitled to a share of the royalties, and the amount they will earn from future streams of the track will depend on how many tokens they hold.<\/p>\n<p>Axident will remain the rights holder, but anyone who <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-nft\">buys an NFT<\/a> tied to the track can participate in a 1% royalty share.<\/p>\n<h2>NFTs To Bring Creators Out of the Shadows<\/h2>\n<p>The NFTs are a powerful way of acquainting the masses to Web3, said Michel Traore, the CEO and co-founder of anotherblock.<\/p>\n<blockquote><p>&ldquo;Company&rdquo; is a prime example of a song with immense potential. Through the Web3 tools, we can offer music enthusiasts something that, until recently, hasn&rsquo;t been accessible to the general public.&rdquo;<\/p><\/blockquote>\n<p>He also highlighted that the royalty share is entirely divested by Axident, stressing that producers rarely receive the recognition they truly deserve. Turning the song into an NFT will create a new revenue stream for producers and fans alike, he added.<\/p>\n<h2>A move to reshape the music industry<\/h2>\n<p>Anotherblock has worked with prominent names in the music industry on developing <a href=\"https:\/\/insidebitcoins.com\/news\/polychain-capital-coinfund-raise-combined-350m-for-crypto-web3-start-up-ventures\">Web3 ventures,<\/a> including Martin Garrix, The Weeknd, and Rihanna.<\/p>\n<p>Company was released as a single and reached the top 40 in Australia while ranking 53 in the US.&nbsp;Since its release, it&rsquo;s amassed more than 500 million streams.<\/p>\n<p>Anotherblock and Axident hope its NFT inspires other creators to do the same for new tracks, opening up a new avernue of revenue for songwriters, artists, and fans alike.<\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-nft\/top-nft-projects\">Best NFT projects to follow in 2023<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-nft\">20+ Best NFTs to Buy in 2023 (Top NFT Tokens Reviewed)<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/lawsuit-claims-justin-bieber-and-other-celebrities-worked-with-yuga-labs-to-promote-bored-ape-nfts\">Lawsuit Claims Justin Bieber, Other Celebrities Worked With Yuga Labs to Promote Bored Ape NFTs<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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The company plans to create <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1941,"featured_media":436835,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-436828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Justin Bieber\u2019s Hit Song `Company` Becomes an NFT That Enables Fans To Earn<\/title>\n<meta name=\"description\" content=\"Justin Bieber&#039;s 2015 hit song &quot;Company&quot; will be turned into a non-fungible token (NFT) by the 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