Royal believes in artists' freedom. The platform opens the door for artists to retain independence and creative control as fans fuel their careers. Artists choose what % of a song's royalties to put up for sale. They can also bundle fan experiences, special tracks, digital art - it's all up to them.
How you make money
Once you've bought a token, you can claim royalties for the song after they've accrued. The time to payout will vary depending on the artist.
If you'd like, you can put your token up for sale on an NFT exchange. When someone else buys this token, they'll get all the royalties and additional benefits that come with it.
How Royal makes money
Royal raised a $55 million Series A round in November 2021. Investors in the NFTs included electronic music performers The Chainsmokers and rapper Nas. Andreessen Horowitz (a16z) led the Series A round. Paradigm and Coinbase Ventures participated in it. Earlier, Royal raised a $16 million seed round led by Paradigm and Founders Fund. The latest funds will push the platform’s continued growth. Royal is expanding its offerings of both household names and rising newcomers.
Is it safe?
It is unclear at this time what kinds of fees Royal may plan to charge in the future.