Description
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.
