The award-winning rapper KYLE officially joins the NFT market with his latest album via Opulous. Accordingly, the performer will use Opulous’ latest feature titled Music Fungible Tokens (MFT).
Why does KYLE drop his new album as an NFT?
This month, KYLE joins the list of rappers to tap into NFTs. In fact, the singer launches his new album “It’s Not So Bad” as an MFT (Music Fungible Token).
In essence, MFT is a concept created by Opulous to empower music artists and their communities. Therefore, each of KYLE’s NFT holders will earn a portion of the music royalty revenue of the new album.
The creation entered the Top 10 Albums Debut Spotify Charts scoring over 7 million streams within a week. As a result, NFT holders have already started earning music royalties revenue with KYLE.
“I wanted to release a whole MFT album with Opulous so that my fans and I can get closer to a model of becoming successful as a unit, redefining success together,” KYLE said. “Sharing this experience with fans and maybe even friends and family is a valuable thing.”
What is Opulous?
In short, Opulous is a platform that connects musicians to their fans. Their MFT system allows music creators to share rights to their music copyrights royalties with their fanbase. Notably, each MFT is compliant with the US Securities and Exchange Commission. Therefore, Opulous is the only platform to offer music copyright NFTs compliant with SEC.
Of course, KYLE’s music NFTs make no exception. Collectors can already mint their own tokens via Opulous in order to start earning revenue with KYLE. This innovation might revolutionize the digital music industry, as well as musicians’ relationship with their fans.
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