A total of 2,000 collectible tokens are to be issued.
This Justin Bieber musical composition is now the 40th most popular song in Australia and the 53rd most popular in the US. Ownership of the musical work is retained by Axident.
“The ownership of a song is far more important than its monetary value. NFT and blockchain create a deep connection to art that was previously out of reach for music fans. Not only will it bring in revenue for the producers, but it will also give fans a chance to interact with the talent. Producers often don’t get the recognition they deserve. So it’s important for us to shine a light on the songwriters,” Axident said.
Singer Justin Bieber is considered a fan of the NFT. A class action lawsuit was filed against Bieber – investors felt the singer was at fault for promoting BAYC tokens.