Blockchain supported platform Opulous and music company Republic in collaboration with rapper Lil Pump and DJ KSHMR introduced the new NFT project Security NFTs (S-NFT).
Republic became the first platform to bring music investment to the masses with blockchain technology by offering Security NFTs (S-NFTs).
Fans from all over the world will be able to invest in their favorite music for as little as $100 and own the music royalties.
The pioneer of this new project, Republic, introduced S-NFTs with acclaimed rapper Lil Pump, presenting a new framework that combines blockchain technology and securities innovation.
The first version of the NFT project was tested with Lil Pump’s new track. The single “Mona Lisa (feat. Soulja Boy)” produced by Jimmy Duval was presented on the platform. With the project, fans were given a chance to invest. The sale took place on November 4, and in just two hours, the piece reached its maximum goal, raising $500,000.
NFT holders will receive royalties every time the song is played on streaming platforms or played on the radio, TV, movie, video game.