Dutch DJ and producer Colyn, known from collaborations with Armin van Buuren and Tale of Us, will be selling off royalties to his music as NFTs as the first on the new NFT platform, Digital Renaissance.
Digital Renaissance, a soon-to-launch European marketplace where users can buy royalties to their favorite music, just announced its first partnership with an artist.
Colyn has taken the scene by storm in the last couple of years. With his unique, mesmerizing delayed synths and euphoric groove you most likely have heard Colyn being blown out of the speakers somewhere.
When Digital Renaissance launches in Q2 2022, fans and users will be able to buy royalties to some of Colyn’s music as NFTs – non-fungible tokens – making them part-owners of the music and receive royalty payments from the music they’ve invested in.
“We are very proud to be able to partner up with an artist like Colyn. He is the perfect example of the kind of musicians we will house on our platform. Colyn is an incredibly talented DJ and Producer who has already made a great name for himself and become recognized by many in the industry, such as the popular duo Tale of Us,“ says Brett Voorzaat, CEO of Digital Renaissance explains.
Platform launches in 2022
Digital Renaissance is on a mission to create a world in which underground artists, musicians, and brands can utilise blockchain technology to create new revenue streams and to build stronger connections with their fans.
“Today, musicians are highly dependent on income from their shows while streams on services like Youtube and Spotify contribute very little to up-and-coming artists’ paycheck. Our mission is to create a new way for artists to make a living of their work and passion,” Brett Voorzaat, CEO of Digital Renaissance explains.
Artists can sell all or parts of the rights to their music as NFTs. Every time their NFT is resold, she/he will receive a percentage of the resale price in royalties.
Digital Renaissance will begin launching their products in Q2 2022. The launches will include their NFT Marketplace, an NFT boutique, a launchpad for 3rd-party tokens and unique events.