Steve Aoki and 3LAU Release The First Track Under the Web3 Duo “Punx”
In Brief
DJs Steve Aoki and Justin Blau (3LAU) are set to release “Concentrate,” the first track under the Punx group.
The song drops on April 28 on the NFT marketplace Royal.
Punx will share 50% of music rights with NFT holders, giving each of them the possibility to own 0.5% of the song.
Renowned DJs Steve Aoki and Justin Blau (3LAU) have announced the upcoming release of a new song dubbed “Concentrate.”
In December 2022, the musicians partnered to create the “Punx” duo. The group focuses on electronic music and the NFT theme. Both artists are familiar with web3: Justin Blau has virtually performed during Decentraland’s Metaverse Music Festival, while Steve Aoki has participated in numerous NFT projects and has his land in The Sandbox.
“Concentrate” is the first release of the duo. It is created in the spirit of CryptoPunks, the blue-chip non-fungible token collection created by Larva Labs in 2017. Aoki and 3LAU own CryptoPunks NFTs and often get inspiration from the artworks, so the three-minute track follows the cyber and tech themes with electronic beats you could hear at a techno festival.
The track drops on the web3 rights platform Royal, co-founded by Justin Blau. The NFT marketplace gives collectors and music fans the possibility to support their favorite artists by purchasing non-fungible tokens. At the same time, NFT holders get a percentage of music rights and can receive royalties when the songs stream.
Starting Friday, April 28, the non-fungible token of “Concentrate” will be available for minting to 99 collectors, chosen among CryptoPunks NFT holders, Aoki’s Aok1verse Passport owners, and Blau’s NFT holders. Punx will share 50% of music rights with lucky NFT holders, giving each of them the possibility to own 0.5% of the song.
Generally speaking, this is not the first NFT-backed music track release. In February this year, NFT marketplace AnotherBlock released tokens of Rihanna’s “Bitch Better Have My Money” hit, which sold out straight away.
Read related posts:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
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]
More articles
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]
