The NFT marketplace AnotherBlock is creating waves, allowing users to invest in Rihanna's beloved song 'BBHMM'.
In Brief
The NFT marketplace, AnotherBlock, quickly sold out its tokens for Rihanna's 'Bitch Better Have My Money', marking an impressive response from fans.
Every holder of these NFTs will receive a royalty of 0.0033% whenever the track is streamed across music platforms.
AnotherBlock's marketplace has made waves by releasing tokens for Rihanna’s notable track from 2015, 'Bitch Better Have My Money', a collaboration with renowned producer Kanye West and Jamil 'Deputy' Pierre, who has lent his talents to stars like Rick Ross and NeYo.
The “Bitch Better Have My Money” drop The release featured a total of 300 NFTs, each priced at $210 on the market. It launched on February 9 and was snapped up almost immediately. NFTs sold The tokens sold out in record time, raking in around $63,000 in revenue.
Token holders gain access to a range of benefits, including exclusive invites for future music drops and a specialized community dedicated to music, but the highlight is undoubtedly the royalty earnings. They will earn royalties amounting to 0.0033% for every stream of the song, with the amazing part being that this agreement remains in effect throughout the duration of the copyright, assuring ongoing revenue until they opt to sell their token. NFT holders The anticipated return on investment for buyers is forecasted to range from 6.1% to 6.8% in the initial year, with the first payouts for 'BBHMM' token holders scheduled for February 16. NFT holders The NFTs sold out within mere minutes during the allowlist sale phase.
According to AnotherBlock Our community is truly incredible, and we owe this success entirely to you all—without your support, none of this would have been achievable.
Valeria contributes to Metaverse Post as a reporter focusing on fundraising, artificial intelligence, the metaverse, digital fashion, NFTs, and the broader world of web3. startup received With a Master’s in Public Communications and currently pursuing another degree in International Business Management, Valeria indulges in photography and fashion styling during her leisure time. Her journey began at the age of 13 when she launched her first fashion blog, nurturing her passion for journalism and style.
Disclaimer
In line with the Trust Project guidelines Based in northern Italy, she often works remotely while traveling across various European cities.
