EDM producer Elephante has formed a partnership with Web3 music rights marketplace Royal. Through this partnership, he is offering his fans the Royal rights to the song “Catching On”. Elephante fans have until 8:00 pm to receive a percentage of their royalties.
About the Elephante x Royal Collaboration
Through its deal with Royal, Elephante is giving fans an opportunity to own some of the copyrights to “Catching On.” There are two membership tiers: platinum and diamond. The percentage of ownership and additional benefits for each level differ. “Catching On” became Elephante’s most streamed song since 2016. Last year, it was listened to 2.5 million times on different platforms.
Therefore, having this icon, music lovers can be sure that it will provide them with a return on investment. The platinum tier is limited to 300 prints and costs $99 per piece. Owners have a 0.0727% stake in the next Elephante drop and gain access to the Royal collector’s Discord channel.
They also get exclusive pre-sale access to product discounts and tour announcements, as well as an exclusive download of Heavy Glow Tour VIP tracks and “Catching On Acapella.” The diamond tier, which costs $999, is limited to 20 prints. Fans own 0.8080% royalties on Elephante’s piece. In addition to all the platinum benefits, they get a signed package of merchandise and two full tickets for a meet and greet show. They can finally hang out with the artist himself for half an hour!
ET, fans have until 8 pm to purchase legal rights tokens. In addition to perks, it’s important to remember that these will increase in value as the song continues to be released.
Since its launch in January, Royal has partnered with artists like Nas, Timmy Trumpet, Diplo, The Chainsmokers, Elephante to allow fans to own the broadcast rights. Without a doubt, the platform is creating a new artist-fan relationship that allows fans to truly support their favorite artist.
Each artist determines the percentage of song rights that will be available for sale and additional benefits. Fans can claim a share of the song’s royalties. Just this week, Royal paid fans a total of $36,000 in royalties.