Chainsmokers Share New Album Royalties With Fans via NFT Drop in Music Industry First
The electronic music duo The Chainsmokers are best known for catchy hits like "Closer" and "Paris," but they have also made a name for themselves as Web3 innovators. The latest example comes with the release of their new album "So Far So Good," which will include a drop of 5,000 NFTs that will let fans share in 1% of the royalties.
This is the most high profile example to date of musicians using NFTs to share royalties with fans. While artists like Nas and Diplo have issued royalty-generating NFTs tied to specific songs, this is the first time a band has done so for free for an entire album.In an interview with Decrypt, Taggart and bandmate Alex Pall explained that they identified their most loyal fans, 5000 of whom will receive an NFT, by analyzing data from concert sales, music streams and Discord activity.
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@Metaverse_Web3_GameFi
