EDM producer Elephante has just announced cooperation with Web3 music rights marketplace Royal. Through this cooperation, he’s offering fans the Royal rights to his song “Catching On.” Elephante fans have until 8 p.m. ET moment to get hold of a certain percentage of the royalties.
About the Elephante x Royal collaboration
Through his collaboration with Royal, Elephante is offering fans the unique opportunity to enjoy part of the royalties of “Catching On.” There are two membership categories: platinum and diamond. Each position varies when it comes to ownership percentage and additional perks.
“Catching On” has been Elephante’s top-streamed song since 2016. In the last time alone, it has been streamed 2.5 M times across different platforms. Thus, music fans can rest assured that retaining this token will give them a return on investment.
The platinum category is limited to 300 editions and costs $99 apiece. Holders have 0.0727% ownership; have dibs on the coming Elephante drop and gain access to the Royal collector Discord channel. In addition, they get exclusive presale access to merch drops and stint announcements, as well as a private download of the Heavy Glow Tour VIP tracks and “Catching On Acapella.”
The diamond category, which costs $999, is generally limited to 20 editions. Holders have 0.8080% song power of Elephante’s track. In addition to all of the platinum gratuities, they receive a signed merchandise package and two all-access tickets to a show with a meet and greet. Last but not least, they can also hang out with the artist himself for at least 30 minutes.
Fans have until 8 p.m. ET to buy tokens with legal rights. It’s important to note that in addition to the holder gratuities, they will accrue value as the song continues to be streamed.
Since its launch in January month, Royal has partnered with artists such as Nas, Timmy Trumpet, Diplo, The Chainsmokers, Elephante, and further to allow fans to enjoy streaming rights. Really, the platform empowers artists and creates a new artist-fan relationship that allows fans to really support their favorite artist.
Each artist determines the chance of song rights to be put on a trade and the added benefits. By tokenizing the song, fans can easily buy a token and claim a share of the royalties. Just this week, Royal made the first ever artist-to-fan royalty payout in history, totaling $36K in royalties to fans.
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