The musician has recently sold the NFT Token by getting the Royalty Rights for $26K in Crypt
The platform for blockchain Rocki has recently made an announcement of the first auction which is of non-fungible token that has grabbed the attention of many investors. The buyer's rights to royalty income from the music are what this sale will be all about. In the recent announcement the Israeli-born musician Guy J who is also a progressive house musician sold the income rights of the track called the dubbed cotton eyes on the Rocki platform using the sale on ERC- 721 standard NFT. The token was auctioned with the help of decentralized auction protocol Bounce. Finance and the sale of 40 ether were made.
The name itself suggests that the token is non-fungible and is those that unlike the cryptocurrencies shall be given some unique features. Another token Rocki will be issuing an ERC-1155 standard NFT that will bring the buyers an exclusive privilege of listening. The CEO and cofound of Rocki- Bjorn Niclas stated that there have been more than 30000 tracks that are uploaded by the independent artists on the platform to make the launch in beta. The company further added that the streaming platforms like Spotify will give the independent artists only pocket change for their hard work.
With all this, Rocki surely is in the right place to be the most preferred streaming service that will have different genres of many artists. Sailing the art on such a platform has become a trend these days. Since the trend was even followed by Lil Yacht for selling the Fetches $16K digital collectible in Latest String of the High-Profile NFT Auctions. These are the platform where artists find it more appreciative about the work since there are many buyers who wish to purchase the art.
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