# Celeb-Backed NFT Music Platforms Royal Lets Artists Raise Money from Their Fans Through NFT Sales By Grace Mahas | Published 2022-07-20 | Pop Culture Source: Trend Hunter, https://www.trendhunter.com/trends/nft-music-platforms References: [decrypt.co](https://decrypt.co/86564/nas-chainsmokers-join-55m-raise-nft-music-platform-royal) & [3lau.medium](https://3lau.medium.com/building-the-future-of-music-ownership-on-chain-54f29cebe66)  [NFTs](https://www.trendhunter.com/trends/travis-barker) are poised to help transform the music industry, and the [Royal](https://www.trendhunter.com/trends/music-coins) platform aims to lead the way through its musician-centric approach. Many critics have speculated that the music space often benefits middlemen and lawyers at the expense of the artist; however, Royal allows musicians to raise money from their fans through [NFT](https://www.trendhunter.com/trends/squad-of-knights) sales. Royal is the brainchild of Justin Blau -- aka DJ 3lau -- and was launched this summer with 333 NFTs that represented 50% of streaming ownership in his new single. According to the brand, tokens in the song are now worth over $6 million. "The value of music ownership is vastly misrepresented and undervalued today, but it won’t be for too much longer, as more musicians embrace the web3 ecosystem," Blau wrote in a recent blog post. Image Credit: Shutterstock ## Trend Insights (Trend Hunter) - Score: 2.5/10 - Popularity: 16% | Activity: 46% | Freshness: 12% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Pop Culture](https://www.trendhunter.com/popculture) ## Key Themes ### Why This Trend Is Growing - **NFT Music Platforms:** The emergence of NFT music platforms creates opportunities for the music industry to revolutionize the way artists earn royalties and engage with their fans. - **Musician-centric Approach:** Adopting a musician-centric approach, like Royal, can help to address the problem of artists not receiving their fair share of revenue in the music industry and create a more equitable landscape. - **Web3 Ecosystem:** As more musicians embrace the web3 ecosystem, there is an opportunity for disruptive innovation as the music industry shifts towards a more decentralized, transparent and secure model. ### Industries Being Reshaped - **Music:** The music industry can leverage NFTs to help artists raise funds directly from fans, bypassing traditional middlemen and lawyers, and reinvent the way they earn royalties. - **Blockchain:** Blockchain technology has the potential to transform the music industry by offering a secure and transparent way to manage rights, royalties and ownership of music content. - **Technology:** The emergence of NFT music platforms and the web3 ecosystem signal the need for innovation in the technology industry to develop new solutions for managing and monetizing music content. ## Related on Trend Hunter - [NFT-Based Music Platforms](https://www.trendhunter.com/trends/squad-of-knights.md) - [Music-Focused NFT Marketplaces](https://www.trendhunter.com/trends/travis-barker.md) - [Music Ownership Platforms](https://www.trendhunter.com/trends/songbits.md) - [Music-Focused NFT Partnerships](https://www.trendhunter.com/trends/limewire.md) - [Gamified Music Metaverses](https://www.trendhunter.com/trends/pixelynx.md) - [Music Loyalty Platforms](https://www.trendhunter.com/trends/fanbasefm.md) - [Free-To-Mint NFT Projects](https://www.trendhunter.com/trends/stickmen-toys.md) - [Music Magazine Cover NFTs](https://www.trendhunter.com/trends/rolling-stone.md) - [B2B Music Streaming Services](https://www.trendhunter.com/trends/tuned-global.md)