The award-winning rapper KYLE formally joins the NFT market along with his newest album by way of Opulous. Accordingly, the performer will use Opulous’ newest function titled Music Fungible Tokens (MFT).
Why does KYLE drop his new album as an NFT?
This month, KYLE joins the listing of rappers to faucet into NFTs. In actual fact, the singer launches his new album “It’s Not So Dangerous” as an MFT (Music Fungible Token).
In essence, MFT is an idea created by Opulous to empower music artists and their communities. Subsequently, every of KYLE’s NFT holders will earn a portion of the music royalty income of the brand new album.
The creation entered the Prime 10 Albums Debut Spotify Charts scoring over 7 million streams inside every week. In consequence, NFT holders have already began incomes music royalties income with KYLE.
“I wished to launch an entire MFT album with Opulous in order that my followers and I can get nearer to a mannequin of changing into profitable as a unit, redefining success collectively,” KYLE stated. “Sharing this expertise with followers and perhaps even family and friends is a useful factor.”
Briefly, Opulous is a platform that connects musicians to their followers. Their MFT system permits music creators to share rights to their music copyrights royalties with their fanbase. Notably, every MFT is compliant with the US Securities and Trade Fee. Subsequently, Opulous is the one platform to supply music copyright NFTs compliant with SEC.
In fact, KYLE’s music NFTs make no exception. Collectors can already mint their very own tokens by way of Opulous as a way to begin incomes income with KYLE. This innovation would possibly revolutionize the digital music trade, in addition to musicians’ relationship with their followers.