Web3 Music Start-up Unveils an NFT Ownership Model That May Represent the Future of the Industry
Bolero Unveils Innovative New NFT Song Share Feature
French Web3 music start-up, Bolero, has unveiled its new NFT ownership model that could just represent the future of the industry. As a result, its new ‘Song Share’ feature will allow fans to own a tokenized fragment of the master recording of their favorite tunes.
Through ‘micro-ownership’ fans can both support their preferred musical artists, and potentially see returns should the song prove popular. As of writing, over 30 artists have signed up for Bolero’s bold new initiative, each of which committing between 5 and 10 percent of future song royalties. Once released, Bolero will collect revenue from streaming, videos, downloads, and more, then redistribute the funds to NFT owners.
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