In Songs That Work Full Version we teach you the types of music NFTs that fellow artist are creating right now, how to make them, where they are selling them and how much they are making.
Snoop just blew the entire thing wide open with the 25000 NFTs he made available with the release of his new album B.O.D.R (Back On Death Row). He calls them Stash Boxes and they are a membership or VIP level of sorts.
According to MBW, Snoop Dogg’s NFTs are limited to 25,000 and each ‘box’, includes 1 of 17 songs from Bacc On Death Row.
Each box costs $5,000.
According to Gala Music, holders of Snoop Dogg’s Stash boxes can expect to receive “exclusive drops” such as films, comics, images, and unique concert attendance opportunities.
The platform also says that song NFTs will have “earning potential on the Gala Music network”.
“Owners of all 17 songs will receive massive real-life and digital rewards, including an exclusive concert + pre-party with Snoop, limited edition Death Row bling, and more,” adds Gala on its website.
As first reported by Dan Runcie’s Trapital, Snoop Dogg had already sold over 8,000 Stash Box NFTs as of Monday February 14, via the Gala Music store (at $5,000 apiece).
If all 25,000 sell out by the time the sale ends on Thursday (February 18) at midnight, Snoop Dogg’s Stash Box NFT’s will have generated total revenues of $125 million.
The surprising size of Snoop Dogg’s NFT sale adds an interesting new element to the debate about where established artists will earn the most money from in future, across live, recorded music and Web3.
Interestingly, superstar DJ Steve Aoki, another prominent artist in the NFT space, suggested during a Q&A at a private Gala Music event over the weekend that he’s made more money from NFTs than he did from advances during an entire decade of making music.
Decrypt reports that Aoki said: “If I was to really break down, OK, in the 10 years I’ve been making music… six albums, and you [combine] all those advances, what I did in one drop last year in NFTs, I made more money.”
B.O.D.R marks the 30th anniversary of Death Row’s very first release, the seminal The Chronic.
B.O.D.R. features Nas, Wiz Khalifa, DaBaby, The Game, Nate Dogg, T.I., Sleepy Brown, Uncle Murda, E-Mo, October London, Nefertitti Avant, HeyDeon, and Jane Handcock.
Production on the album came from the likes of Hit-Boy, DJ Green Lantern, DJ Battlecat, Hi-Tek, Bink, Nottz, Soopafly, Trevor Lawrence Jr., and Hollis.
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