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Lil Dicky Song Is First-Ever Music Publishing NFT
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variety.com
variety.comEthan Shanfeld The highest bidder for a new income-producing NFT will receive a cut of all future mechanical, public performance and sync royalties for Lil Dicky’s 2015 hit “Save Dat Money.”Spearheaded by Royalty Exchange, the world’s largest platform for buying and selling royalties, the first-ever music publishing NFT allows investors to buy music catalogs and songs using the Ethereum cryptocurrency, bringing “real” value to the NFT marketplace.While NFT artwork and collectibles are often difficult to value based on speculation and scarcity, Royalty Exchange’s new “RXT” has an actual underlying value tied to a stream of royalty income collected by the NFT owner upon purchase.The first token, for a cut of Lil Dicky’s “Save Dat Money,”.
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