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Royal is transforming the music industry by using web3 technology to allow fans to buy fractional ownership of music rights via NFTs. This democratizes music investment, enabling fans to earn royalties alongside artists, thereby addressing the inefficiencies of the traditional music industry where only 12% of the $40 billion in revenue goes to artists. Founded by Justin Blau (3LAU) and JD Ross, Royal offers a platform where artists maintain creative control and better monetize their work. The project has raised over $15 million from prominent investors. Additionally, Royal has expanded into the gaming sector with KING Royal, a medieval fantasy idle strategy game on the Solana blockchain, where players earn $ROYAL tokens. Together, these initiatives aim to redefine the relationship between artists, fans, and the broader entertainment ecosystem through practical applications of web3 principles.
Royal is transforming the music industry by using web3 technology to allow fans to buy fractional ownership of music rights via NFTs. This democratizes music investment, enabling fans to earn royalties alongside artists, thereby addressing the inefficiencies of the traditional music industry where only 12% of the $40 billion in revenue goes to artists. Founded by Justin Blau (3LAU) and JD Ross, Royal offers a platform where artists maintain creative control and better monetize their work. The project has raised over $15 million from prominent investors. Additionally, Royal has expanded into the gaming sector with KING Royal, a medieval fantasy idle strategy game on the Solana blockchain, where players earn $ROYAL tokens. Together, these initiatives aim to redefine the relationship between artists, fans, and the broader entertainment ecosystem through practical applications of web3 principles.
Royal aims to revolutionize the music industry by leveraging web3 technology to redefine the relationship between artists and fans. It allows artists to sell fractional ownership of their music rights as NFTs, enabling fans to invest directly in their favorite artists and share in their success.
Royal benefits artists by providing them with innovative ways to monetize their work while retaining creative control. It addresses the inefficiencies of the traditional music industry, where only a small fraction of revenue goes to artists. Fans benefit by gaining a tangible stake in the music, earning royalties, and supporting artists directly.
Royal stands out in the NFT space by focusing on music rights and integrating blockchain technology into music rights management. It democratizes music investment, fostering a closer artist-fan relationship and allowing direct fan participation in financial gains alongside artists.
KING Royal extends Royal's innovative approach into the gaming sector as a medieval fantasy idle strategy game on the Solana blockchain. Players earn $ROYAL through successful gameplay, creating new opportunities for artists and fans, and blending music with blockchain gaming principles.
Royal exemplifies a practical application of web3 principles by empowering creators through blockchain. It reimagines content ownership and revenue sharing, contributing to a shift in entertainment industry dynamics by directly involving fans in an artist's financial success.
Users may encounter challenges with NFT transactions or blockchain integration. Ensuring a compatible wallet and understanding the platform's guidelines for buying music rights as NFTs can help. For technical issues, users are advised to refer to Royal's support resources or community forums.
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