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Lil Pump ft. Soulja Boy sold $500,000 in S-NFTs, security NFTs, for song “Mona Lisa”

By: nftjedi November 18, 2021November 18, 2021

UncategorizedLil Pump, music NFTs, Opulous, S-NFTs, security NFTs, Soulja BoyLeave a Comment

Disruption continues to occur in the music industry. Opulous offers decentralized finance to musicians who can raise capital by selling copyright NFTs. Instead of being signed to a major label, musicans can seek to finance themselves by selling interests in their copyrights. Opulous is using a vehicle called a “security NFT” or S-NFT. CoinTelegraph describes…

How NFTs disrupt the music industry and copyrights — the split music copyright NFT. Should labels worry? Yes.

By: nftjedi October 27, 2021October 27, 2021

UncategorizedOpulous, Split music copyright NFTsLeave a Comment

For successful musicians and recording artists in the music industry, the traditional, predominant approach is that the music labels, not the artists, own the copyrights to the “masters” or “master recording” typically set forth in the recording deal. Even Taylor Swift didn’t own the copyrights to her masters for her first six albums with Big…