Axident’s NFTs Turn Justin Bieber’s ‘Company’ Into a Royalty Investment, 350 Minted in 2 Minutes


Andreas Schuller, identified by his producer title Axident, has simply began the sale of non-fungible tokens (NFTs) that give their house owners a proportion of future streaming royalties to Justin Bieber’s tune ‘Firm’. 

To remodel Bieber’s followers “from passive listeners to empowered music stakeholders,” the Norwegian music producer has partnered with blockchain-based music rights platform AnotherBlock

Axident plans to promote a 1% portion of the streaming royalty rights to Bieber’s well-known tune through 2,000 ERC-721 tokens.

Within the first 2 minutes, 353 NFTs have already been minted. 

According to the web site, for a value of ETH 0.017, “each token represents a 0.0005% possession of the music streaming rights.” 

This includes streaming proceeds from main digital service suppliers like Apple Music and Spotify.

Royalties are normally due each six months, however AnotherBlock told customers to “keep tuned for some main updates right here.”

Per the FAQ, “the collector will obtain royalties so long as the copyright safety for the tune stays in impact inside the jurisdiction of the nation,” which within the EU is till the seventieth 12 months after the recording was first made public.

The possession proportion for every tune is saved on Ethereum, whereas all property are uploaded to IFPS storage and linked to every NFT, AnotherBlock mentioned.

The tokens could be bought with crypto or a bank card via

The web site additionally famous that US residents can not entry minting and royalty claims as a result of regulatory uncertainty in that nation. 

Bieber is just not new to the NFT house. The celeb joined Bored Ape Yacht Membership (BAYC) by (in)famously buying Ape #3001 for ETH 500 in January 2022, price $1.3 million on the time. Its worth dropped by $1.2 million by July 2023. 

Nevertheless, the artist is just not concerned within the sale of Axident’s share of the ‘Firm’ streaming royalty rights.

AnotherBlock, in the meantime, beforehand offered streaming royalty rights to different artists’ songs, together with the megapopular Rhianna’s ‘Bitch Better Have My Money’ in February this 12 months. 300 NFTs have been minted and offered.

‘Firm’, launched in 2015 for Bieber’s fourth studio album ‘Goal’, now has 677 million views on YouTube, with 5.3 million likes. It’s the eleventh hottest video on the artist’s channel. 

Axident is a Grammy-nominated producer, songwriter, and writer who labored with huge names within the music trade, together with Pitbull and Jason Derulo. 

“AXIDENT’s signature sound has confirmed to transcend borders across the globe and his catalog has been licensed gold & platinum over 60 instances, reaching almost half of the world’s inhabitants on youtube alone,” AnotherBlock mentioned.


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