One of the biggest names in world pop, Rihanna is preparing a show for next Sunday (12), at halftime of the Super Bowl, and is also one of the names expected to perform in the country, according to forecasts by journalist José Norberto Flesch.
Furthermore, it is at the center of another curious experiment recently — the 2015 hit “Bitch Better Have My Money” relaunch in a limited edition of 300 Ethereum NFTs in partnership with a product and platform of these non-fungible tokens.
More than a simple digital trophy, NFT songs —sold for US$ 210, something in the range of R$ 1,100— will be transmitted by the European crypto company Anotherblock, which will distribute 0.99% of the royalties from the music product to investors, guaranteeing each of them 0.0033% for the reproduction of the music.
The NFTs sold out quickly last Thursday, being purchased by 205 people.
In a note Jamil Deputy Pierre, the producer, along with Kanye West, stated that “as a fan, you have a certain attachment to an artist or song. When you have the opportunity to own a part of a song, it changes the game. It creates an entirely different realm of being connected outside of streaming or concerts.”
But by AnotherBlock’s calculations, the “probable” returns to the holder of each song’s NFT should be approximately 6.5% per annum —should not expect, for now, more than US$ 13.65, or R$ 71, per year. In that case, buyers must wait around 15 years to recoup what was spent.
With that, in fact, the action seems more dedicated to fans than to investors. Deputy must keep, in parallel, less than 5% of the music royalties.
