Justin Blau, better known by his DJ name 3LAU, on Thursday announced he has raised $16 million to launch Royal, a new music platform that will let fans buy NFTs to share in royalties earned by their favorite artists. If Royal succeeds, it could upend the business model of the music industry and push the fast-evolving world of NFTs into a new frontier.
Source: DJ 3LAU Raises $16M for NFT-based Music Platform Royal – Decrypt