Steve Aoki (@SteveAoki) and 3LAU (@3LAU) are unwavering in their support of web3, wholeheartedly believing it will drive the future of the music industry. Demonstrating these incredible capabilities, the two icons team up to release “Concentrate,” as part of their burgeoning “audio-visual IRL-meets-metaverse supergroup.”
On April 28th, the pair not only releases the audio and art to the masses, but also they’ll use music rights marketplace Royal to democratize ownership in the song. In a display of the platform’s capabilities within the music space–which includes purchasing tokens that represent streaming rights ownership in a song–the team will be giving away 50% of the song’s streaming royalties to 99 people. Each holder will receive 0.5% of the song. Current token holders among CryptoPunks, A0K1VERSE Passport, and 3LAU will be able to enter a drawing to receive one of these 99 coveted tokens.