Business News Report
April 19, 2023

Central Cee and Corite Allow NFT Holders to Own Shares in 4 Tracks

In Brief

British rapper Central Cee partners with Corite to drop music non-fungible tokens. 

NFT holders will get shares in Central Cee’s 4 music tracks and will get profit when the songs are streamed.

One token goes for $100.

Central Cee and Corite Allow NFT Holders to Own Shares in 4 Tracks

British rapper Central Cee partners with Corite to drop music non-fungible tokens. 

Corite is a music-focused tech startup founded in Sweden in 2019. The platform enables users to get shares in their favorite music tracks and get paid when the tunes are streamed. 

For this release, Corite tapped Central Cee’s producer Young Chens. The platform will provide four songs produced by Chens and performed by the British rapper, who has been recently nominated as British Artist of the Year in the Brit Awards. As of today, Central Cee’s tracks have gained over 165 million streams on Spotify, so it’s a great possibility for music fans and NFT collectors to share the rapper’s success while making a profit from shares. 

The collection includes a total of 475 tokens featuring “Straight Back To It,” “6 for 6”, “Little Bit of This,” and “Air Bnb” tracks. Central See’s most popular song “Doja” is not included in the drop. Every token will go for $100, and fans will get Young Chens’ shares of the tracks, between 1% and 3%.

The presale starts on April 26 at 4 PM UTC. Individuals can secure early access to the drop by purchasing 10,000 CO tokens on Pancake Swap and staking them on the Corite platform. The public sale takes off on April 26 at 5 PM UTC.

Corite is not the first platform to offer music fans shares in well-known artists’ songs. In February this year, NFT marketplace AnotherBlock released tokens of Rihanna’s “Bitch Better Have My Money” hit, offering owners a 0.0033% royalty whenever the master recording of the song streams. The collection sold out straight away. 

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About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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