{"id":8250,"date":"2022-02-21T00:53:09","date_gmt":"2022-02-21T00:53:09","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/music\/royal-nas-first-ever-nft-drop-sells-out-in-minutes\/"},"modified":"2022-02-21T00:53:11","modified_gmt":"2022-02-21T00:53:11","slug":"royal-nas-first-ever-nft-drop-sells-out-in-minutes","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/music\/royal-nas-first-ever-nft-drop-sells-out-in-minutes\/","title":{"rendered":"Royal & Nas’ First-Ever NFT Drop Sells Out in Minutes"},"content":{"rendered":"
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Hip-hop legend Nas has now been immortalized on the blockchain. In a dual-part drop, Nas teamed up with 3LAU to release his first-ever NFT collection on the superstar DJ\u2019s recently launched platform, Royal.<\/p>\n

The collection \u2014 which was the first live sale of NFTs on Royal.io \u2014 consisted of 1,870 NFTs across two separate drops, both of which sold out in record time. Grossing over $560,000 in total revenue, secondary sales have already heated up, with the project trending on OpenSea upwards of 270 ETH ($725,000+) in sales volume.<\/p>\n

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That’s a wrap! Congrats to everyone who scored a ‘Rare’ token. We’re grateful for the support on this journey to bring music ownership to the world.\ud83d\udc8e pic.twitter.com\/dUnVlyEBTj<\/a><\/p>\n

\u2014 royal (@join_royal) January 21, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The collection features Nas\u2019 tracks \u201cUltra Black\u201d \u2014 the lead single from his 2021 Grammy Award winning-album\u00a0King\u2019s Disease<\/em>\u00a0\u2014 as well as \u201cRare\u201d \u2014 a single from his 2022 Grammy Award-nominated album,\u00a0King\u2019s Disease II<\/em>. Both songs were originally released via Nas\u2019s independent label Mass Appeal and now offer streaming royalty ownership to collectors as LDAs (Limited Digital Assets, a.k.a royalty-bearing NFTs).<\/p>\n

A limited supply of tokens exists for both \u201cUltra Black\u201d and \u201cRare,\u201d with streaming royalty ownership separated out into three tiers: Gold, Platinum and Diamond. On top of royalty rights, each tier also yields unique secondary benefits, as laid out below.<\/p>\n

A BREAKDOWN OF \u201cRARE\u201d NFT BENEFITS FROM ROYAL.IO<\/figcaption><\/figure>\n

Although the drop hit a snag on its original launch date of Jan. 11, after a week of extra planning the collection went live today without a hitch today. And while the groundbreaking sale was a marvel in and of itself, the implications of Royal\u2019s technology at work will undoubtedly be a gamechanger for independent artists.<\/p>\n

Until now, fans have only been able to support their favorite artist by streaming\/purchasing their music, attending shows, and buying merch. With Royal, fans can now invest directly in musicians, connect with them in new ways and experience shared wealth as they rise to prominence.<\/p>\n

To learn more about Nas\u2019 drop, visit the Royal.io site here.<\/p>\n

Photos courtesy of Royal.<\/em><\/p>\n<\/p><\/div>\n