EMPIRE PARTNERS WITH GROUNDBREAKING NEW WEB3 PLATFORM NEBULA
- EMPIRE
- 2023-01-23
- Music
Today, we are proud to announce that we have partnered with a new, innovative WEB3 platform Nebula to change how fans interact with the artists they love. Nebula is a first of its kind platform that lets fans own rights to royalty payouts for any song available in its marketplace.
rnIn this newest partnership with Nebula, fans are able to invest in the music available on the Nebula platform and earn royalty payouts. The royalties are distributed as tokens which represent a certain percentage of the song, keeping fans invested in the artist as well as the music they create. In an agreement that benefits both parties, the tokens will be able to be resold on a secondary market which produces revenue for the artist each time a token resells. To kick off the partnership, multi-platinum artist and entrepreneur Money Man will be releasing his whole EP via Nebula later this year.
rn“Without community, an artist is nothing. That's why we built Nebula. Instead of passively consuming music, a fan can now foster a deeper connection with their favorite artist by owning a fraction of their song, with royalties secured on blockchain. It's a whole new music economy, and it's the natural next step in digital music" said Nebula Co-Founder Fuad Hawit.
rn“We are excited to partner with a groundbreaking company like Nebula to pave the way for new advancements in entertainment and Web3," said EMPIRE Founder and CEO, Ghazi. "With Nebula, we are changing the way an entire generation interacts with music and artists through transparency and innovation.”