The value of a song? Its complicated. Very low if youre an artist or songwriter worried about your streaming royalties. Very high if youre an established musician with a back catalogue, and the likes of Hipgnosis and Round Hill Music waving their wallets in your direction.

Heres another spin on the question: how much are songs worth on the blockchain? In the case of Cotton Eyes by progressive house artist Guy J, the answer is 40 Ethereum around $24.8k.

This new exclusive track sold an ERC721 Royalty income right Music NFT for 50% of future Royalty rights on Rocki, auctioned off on the decentralized auction protocol Bouncefinance for a record amount of 40 Ethereum, to be specific, fromRockis announcement. NFT stands for nonfungible token, if youre wondering, and this is the first example of Rocki selling one based on royalty income rights.

Stuart Dredge

Processing...

You might have left one of the fields blank, or be posting too quickly

Thanks for your comment. We appreciate your response.

Please wait a while before posting your next comment

View post:

Rocki explores how much songs are worth on the blockchain - Music Ally