Canadian singer Justin Bieber’s hit song, “Company,” is set to undergo a transformation into a non-fungible token (NFT), offering fans a unique chance to potentially earn royalties from its future streams.
Today, on September 7th at 13:00 CET, the co-producer of the track, Andreas Schuller, also known as Axident, will release this NFT on the blockchain-centric music tech platform, anotherblock.
While Axident retains the rights to the song, NFT owners will have the opportunity to claim a 1% share of the streaming royalties.
A limited quantity of 2,000 NFTs will be made available, each at 0.017 ETH, roughly equivalent to $28.
This isn’t the first instance of a popular song turning into an NFT. In February, Deputy followed suit by offering fans a chance to own a portion of his streaming royalties from Rihanna’s hit track, “B**** Better Have My Money,” as NFTs through anotherblock. The collection sold out within minutes during the allowlist sale.
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