Fractional Music Ownership Platform: SongBits

January 30, 2023 Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Metaverse, NFTs, Equity Crowdfunding, Alternative Funding, FinTech and Alternative Finance, Fundraising, Investing, Trading, Innovation and Resources No comments

Crowdfund Insider | JD Alois | Jan 25, 2023

SongBits.com is a new platform that is planning to launch later this year that will allow users to invest in “a bit of a song from world-class artists.” Investors may then share in the song’s streaming revenues for life, according to the company.

A private launch is taking place at the end of this week where invitees may choose to purchase “bits” of songs by DJ, Ashley Wallbridge.

See: Fund Tokenization: Fractional Issuance, Streamlined Redemption, and Servicing Benefits

How does it work (from their website)?
- Owning a bit has three clear benefits over just listening to a song: firstly, you receive a share of the song’s streaming revenue each and every time the song is streamed worldwide on Spotify, Apple Music, YouTube, Amazon, and more.
- Secondly, a purchase often comes with additional exclusive benefits such as exclusive shows, tickets, downloads, merch or other cool stuff depending on the artist.
- Finally, in addition to the benefits of actually owning a bit of a great song and all the bragging rights that go with that, you are able to gift your bits to someone else or even re-sell them at a later date.

The “music marketplace” is designed to allow investors to purchase fractional ownership in songs from “chart-topping artists, sharing in the song’s streaming royalties for life.”

Continue to the full article --> here

NCFA Jan 2018 resize - Fractional Music Ownership Platform: SongBits The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org