When you stream your favorite songs on Spotify, the owners (rightsholders) of that music are eligible to receive money (royalties). On anotherblock, owners of music sell NFTs containing a share of the streaming royalty rights of your favorite songs. As an NFT owner, you will receive your share of the streaming royalties.

anotherblock is a community of music lovers building music rights catalogs. The company was founded in 2021 by entrepreneurs Michel D. Traore, Sebastian Ljungberg, and Filip Strömsten. anotherblock was built upon the idea that accessing music rights should be easy and democratic. By connecting music rights to NFTs, anotherblock creates a smooth and easy way to both buy and sell music rights - a community of music lovers building music rights catalogs together with artists.

Michel D. Traore joins me on Tech Talks Daily to talk about the story behind the company and improving the value of music by introducing it to a free and open market. I learn more about their mission to solve the institutionalized imbalance of power within the industry with technology.

We also talk about how the marketplace for music royalty NFTs is following on its first rapid-fire sell-out drops to offer shares in the streaming income from Alan Walker’s track, “Alone, Pt. II,” a pop-perfect ballad with vocals by Ava Max. Each of the 500 anotherblook NFTs gives holders the rights to 0.001% share of streaming revenue from the song.