A platform which claims to allow fans to buy a stake in song royalties has launched.
Renowned musician Matt Bond is behind PopEx, a digital collectibles platform specifically designed for the music industry.
The platform claims to make it easy for musicians to create and sell non-fungible tokens and other exclusive items and experiences, and for fans to own official, authenticated limited-edition work by their favourite artists and even stakes in the artists’ royalties.
The vision behind PopEx is to build a community in which NFTs are more accessible for everyone by removing the barriers and paywalls normally attached to NFTs.
Built on Polkadot, billed as the world’s most carbon-efficient blockchain, Popex is also donating a percentage of all sales to help fund global carbon reduction projects through its climate partners Aerial and Senken.
Bond is the co-founder of songwriting and production collective NBLM, which has signed over 100 record deals and yielded hundreds of millions of streams through releases with Universal, Sony and Spinnin Records.
He is also a founding member of rock band The Dirty Youth, which has toured with Bruce Springsteen, Paul McCartney, Soundgarden, Iggy Pop, Status Quo, Feeder and Korn.
“By using PopEx, artists are able to freely and inexpensively mint, sell and trade NFT collections using a blockchain with the world’s lowest carbon footprint,” said Bond.
“Not only does this provide artists with a sustainable, digital extension of the traditional merchandise stand, but offers fans new and innovative ways to support and engage with their favourite artists and even festivals.”