The CEO of GLOBAL ROCKSTAR, Christof Straub, announces the launch of the firstWorld Music NFTs For Fans Along With Guest Speaker, Blockchain Guru Don Tapscott.
VIENNA, Nov. 18, 2021 / PRNewswire / – Gaining shares in hits, sharing the success of your favorite artists, and securing your rights on blockchain – A long-awaited vision just came true with the launch of Music NFTs (Non-Fungible Tokens) by Viennese pioneer Global Rockstar. The start-up is therefore one step ahead of the competition and takes off with more than 150,000 Music NFTs on day one.
On November 18, 2021, Global Rockstar hosted a presentation at the Global Peter Drucker Forum, a management conference that annually brings together the most renowned minds of business research and practice in Vienna, at which the founder of Global Rockstar, Christof Straub, explained the revolutionary potential of his Music NFTs, a breakthrough that cyber guru Don Tapscott had planned in 2016.
Music NFTs allow more direct involvement of fans: Anyone can invest in songs by their favorite artists and share in the success and revenue from streams, downloads, radio broadcasts, television, CDs, live performances and advertising deals over 70 years of duration of the copyright of the recording. Both the investment and the animation of a limited edition cover are secured in the form of music NFTs on the blockchain. NFTs cannot be substituted or copied, which means that if traded in the future, all transactions are fully traceable and it is always clear who owns what.
A notable effect of the disruptive power of NFTs will be the increased income for artists compared to the levels of the traditional music business. For Tapscott, this serves as confirmation of his 2016 prediction that blockchain would enable “transformation to a prosperous future” by:
- Protection of rights through immutable records
- Creating a true sharing economy
- Guarantee compensation to value creators
Simple, safe and transparent: These are the pillars of the Global Rockstar’s Music NFTs philosophy. Fans don’t need cryptocurrencies or knowledge. Even the cryptocurrency wallet is provided by Global Rockstar in an easy-to-use workflow. Nor are large sums required: the minimum investment is 5 euros.
As a special launch opportunity, fans of the Eurovision Song Contest can now own a true part of a final Festival song including a limited edition cover animation: “Anyone who goes to globalrockstar.com today, can buy Music NFTs of “Loin from here” by ZOË del Festival de Eurovisión 2016. Not only is it an exclusive collector’s item, but the recording has proven to generate stable income over the years and will continue to do so as long as the Festival and its fans exist, “he said. Christof Straub. “In addition, we will re-record the success to give it a new impetus. This way, the fans who participate will see the benefits multiplied, since they will participate in the income of all the previous versions (including the acoustic versions and the remixes) and the new ones.”
In addition to up-and-coming new musicians, the company is signing new deals with the rights holders of major song catalogs and will soon offer worldwide hit Music NFTs regularly on globalrockstar.com.
Finally, in the spring of 2022, another coveted category of Music NFTs will go on sale in the form of collectibles, previously unreleased recordings and special limited edition versions, as the first demo of a global hit.
At the end of November, Global Rockstar will present its Music NFTs on the blockchain track of the Amazon Web Services (AWS) re: invent conference in the United States. Together with Global Rockstar, AWS Professional Services built the blockchain infrastructure on the Amazon Managed Blockchain and implemented the smart contracts.
GLOBAL ROCKSTAR – Your participation in Music NFTs
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