Independent label, distributor, and music publisher EMPIRE has struck a partnership with Web3 platform Nebula.<\/p>\n
Nebula was founded by Alessandro De Luca, Fuad Hawit and Startup Incubators, and claims to be “a first-of-its-kind platform that lets fans own rights to royalty payouts for any song available in its marketplace”.<\/span><\/p>\n With the platform,\u00a0fans are able to invest in the music available on the Nebula platform and earn royalty payouts. <\/span><\/p>\n The royalties are distributed as tokens, which represent a certain percentage of the song. <\/span>They also get a portion of every transaction, so each time a \u201ctoken\u201d is resold on the secondary marker, they get a commission from the sale, according to Nebula\u2019s website<\/a>.<\/p>\n Nebula says that it works with selected A&R managers and individuals as part of its partner program and royalties income can come from all streaming services.<\/p>\n The platform has already featured over a dozen artists including Tupac, Snoop Dogg, and Cruz Rock.<\/p>\n Through the alliance with EMPIRE, the label will feature artist and entrepreneur Money Man by releasing his whole EP through Nebula later this year.<\/p>\n EMPIRE\u2019s venture into the Web3 space comes as the company doubles down on its approach to the digital music era across its label, distribution and publishing units.<\/p>\n