The first spotlight covering a drop on the music rights platform Royal comes from PUNX – a new supergroup from legendary DJs Steve Aoki and 3LAU.
Holders of an A0K1VERSE Passport, 3LAU NFTS, and CryptoPunks are all eligible to enter this limited edition giveaway until May 3rd and earn streaming royalties from PUNX’s debut song if gifted one of the limited 99 tokens.
"Concentrate" is an upbeat and energetic dance track that showcases the signature styles of both artists. The bouncy, electro house anthem arrives just in time for summer.
More info about the drop can be found here.
Behind the Music
3LAU and Steve Aoki have each individually released numerous chart-topping hits, collaborated with the biggest names in music, and performed at the world’s biggest music festivals. Their artist careers are some of the most decorated in EDM.
They are no strangers to web3, having leveraged the technology to open new doors for artists and fans. Aoki has built a thriving community around his world A0K1VERSE, comprising multiple NFT collections and a passport that gives holders access to exclusive online and IRL experiences.
3LAU was one of the earliest musicians to experiment with music NFTs, with the auction of his “Ultraviolet” album being one of the largest NFT sales ever at the time. He’s also the co-founder of Royal, the platform and marketplace that “Concentrate” is being released on.
Royal enables artists to sell a percentage of their streaming royalties from a song or album to collectors through the sale of NFTs. The platform has allowed fans and collectors to own music rights, unlocking the ability to invest in music as an asset class, which has only been accessible to labels or investment firms up to this point.
Aoki and 3LAU bringing their worlds together will allow people to share in the duo’s success from the beginning. It starts with their first single “Concentrate”, with more amazing music to come.
Why should I care?
“Concentrate” is more than just a great song. It’s symbolic of a new paradigm in music marked by collaboration and shared success among communities, artists, and fans. PUNX represents what’s possible with blockchain technology, with the group’s first release experimenting with opening up music ownership to fans.
“Concentrate” is a must listen and will have you on your feet in no time. We’re excited to see what other catchy tracks come from this unstoppable duo and how PUNX will continue to change how we think about music.
Make sure to enter the drop if you’re eligible.
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