music industry revolution: hits as musical NFTs | New

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VIENNA, November 18, 2021 / PRNewswire / – Acquire shares in hits, share the success of your favorite artists and secure your rights in the blockchain – a long-awaited vision has just become reality with the launch of Music NFT (Non-Fungible Tokens) by the Viennese pioneer Global Rock star. The startup is thus one step ahead of the competition and takes off with more than 150,000 musical NFTs from day one.

The 18e November 2021, Global Rockstar hosted a presentation at the Global Peter Drucker Forum, a management conference that annually brings together the most renowned minds in research and business practice in Vienna, where the founder of Global Rockstar Christof Straub explained the revolutionary potential of his Music NFT – a breakthrough that the cyber guru Don Tapscott had considered in 2016.

Musical NFTs allow most direct fan engagement ever: Anyone can invest in songs from their favorite artists and share the success and revenue from streams, downloads, radio, TV, CD, live performances, and advertising deals on the 70-year copyright term of the recording. The investment and a limited edition cover artwork animation are secured in the form of Music NFT on the blockchain. NFTs cannot be replaced or copied which means that if traded in the future all transactions are fully traceable and it is always clear who owns what.

A notable effect of the disruptive power of NFTs will be increase artists’ income compared to the levels of the traditional music industry. For Tapscott, this confirms his 2016 prediction that blockchain would enable a “transformation into a prosperous future” by:

  • Protect rights with immutable records
  • Create a real sharing economy
  • Ensure the remuneration of the creators of value

Simple, secure and transparent – these are the cornerstones of Global Rockstar’s Music NFT philosophy. Fans don’t need cryptocurrencies or knowledge. Even the crypto wallet is provided by Global Rockstar in a user-friendly workflow. These are not colossal sums either: the minimum investment is 5 euros.

As a special launch opportunity, fans of the Eurovision Song Contest can now own a real share of an ESC final song, including a limited edition cover illustration animation: ” Anyone who visits globalrockstar.com today can purchase music NFTs from ZOË’s “Far From Here” from the 2016 Eurovision Song Contest. It is not only an exclusive collector’s item, but the recording has also proven to generate stable income over the years and will continue to do so as long as ESC and its fans exist, ”said Christof Straub. “Plus, we’re going to re-record the hit to give it a boost. Thus, the fans who participate will see the profits multiply, since they will participate in the revenues of all the previous ones (including the acoustic and remix versions) and the new versions. “

In addition to newcomers and up-and-coming musicians, the company signs other deals with the rights holders of major song catalogs and will soon be offering regular musical NFTs of global hits on globalrockstar.com soon.

Finally, in the spring of 2022, another coveted category of musical NFTs will go on sale in the form of collectibles, unreleased recordings and special limited-edition releases – like the first demo to a worldwide hit.

At the end of November, Global Rockstar will present its Music NFTs as part of the blockchain of the re: invent conference of Amazon Web Services (AWS) in the United States. In collaboration with Global Rockstar, AWS Professional Services built the blockchain infrastructure on Amazon Managed Blockchain and implemented smart contracts.

GLOBAL ROCKSTAR – Your part in musical NFTs

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For more information:

E: press@globalrockstar.com | Philippe Strommer: +43 664 878 2008

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SOURCE World Rockstar



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