3lau royal 16m founders theblock

3lau royal 16m founders theblock

Kathryn Haun, Andreessen Horowitz

Kathryn Haun, General Partner at Andreessen Horowitz, said: “The Royal team has an audacious vision to apply the ethos of web3 to transforming the music industry in a way that empowers artists and their fans.

“Music is one of the most exciting unlocks for NFTs. 3LAU’s firsthand experience as a successful artist paired with JD’s exceptional track record as a repeat founder and startup operator makes them the ideal pair to tackle the complex undertaking of applying blockchain technology to music rights and ownership.”

Cinq Music Group’s repertoire has won Grammy awards, dozens of Gold and Platinum RIAA certifications, and numerous No.1 chart positions on a variety of Billboard charts.


American DJ and electronic dance music producer Justin Blau, also known as 3LAU, established the blockchain music investment company Royal, supported by a $16 million seed round led by cryptocurrency investment company Paradigm and Peter Thiel‘s Founders Fund.

The Royal blockchain music NFT investment platform was founded by 3LAU and his university friend JD Ross.It aims to provide music-loving users and creators with unique ownership tokenized investment platforms while allowing music copyrights and autographed digital asset records on a specific blockchain.

Blau stated that the launch of the music investment platform Royal is to provide fans with an opportunity to make money with their favourite artists said:

“I always tell people that artists’ popularity is completely dependent on the fans and the listeners, not the companies and the distributors.

Revisiting Synthetix V2x

In a recent update from the team, Synthetix released a scope of their V2x implementations, and some of the technical initiatives that will be rolling out in the coming months. The update includes significant protocol level updates plus a new debt shares contract mechanism for staking that accepts and instantly distributes any liquidated SNX rewards in the block they were liquidated.

Polygon introduces “Bridges Week” education program

In a bid to generate more adoption of the popular Ethereum scaling solution (Polygon POS chain), the Polygon team announced a “Bridges Week” education program.
The week is teased to include informative articles, Twitter Spaces, and interviews to help users get on Polygon and start using popular Ethereum apps with little-to-no gas fees.

ENS launches DNS support

The popular domain service called ENS (Ethereum Name Service) allows users to mint ENS addresses that point to Ethereum wallets. This allows a user to truncate their long wallet addresses down to as little as one or two characters.
ENS help make DeFi even more usable, and with this new update allowing DNS (e.g. .com URLs) crossovers. ENS also can be used as a tool for authenticating identities.

Axie Infinity maintains top spot in global Discord size

The red-hot play-to-earn gaming project Axie Infinity ($AXS) has had one of the most epic rises in 2021 on the coattails of NFT interest and by pioneering play-to-earn use cases on Ethereum.
Despite recently booting hundreds of thousands of users for inactivity, the project still boasts the largest Discord community in the world, having first taken that spot earlier this year.

The Chainsmokers

Electronic duo The Chainsmokers said: “We believe blockchain technology has the ability to transform music ownership the same way the internet has transformed the way music is listened to.

“At the dawn of Web3, Royal’s model of modernizing the way we collect and share music made perfect sense to us as musicians and investors — we had to get involved.”

“When Justin told us about Royal and how artists can share rights to their music directly with their community, it just clicked.”

Chris Zarou, Logic and manager

Logic and his manager Chris Zarou, said: “When Justin told us about Royal and how artists can share rights to their music directly with their community, it just clicked.

“To us, that’s a game-changer.

Justin, also regarded as 3LAU, Which is an electronic music dance DJ and producer, has formally confirmed the existence of Royal, a blockchain-centric music investment tool.

According to Forbes, the portal raised $16m in a venture fundraising phase headed by digital currency-centric investment company Paradigm & Peter Thiel’s Founders Fund on 26th August.

Royal, developed by 3LAU with his university classmate JD Ross, is often a new system that aims to enable partial music licensing via Royal’s proprietary variant of NFTs, known as limited digital assets.

The company aims to democratize access to media copyright for music fans by enabling them not just to engage but also to hold ownership of their beloved albums and singles via special releases registered over a blockchain system.

A couple have 20 million-plus.”

Earlier this year, 3lau made mainstream headlines when he became the first musician to sell an album as an NFT, earning upwards of $11.6 million in less than 24 hours. But even before that, he had already tested the waters with a tokenized, special edition of his song “Everything.” That generated, at the time, $250,000: “That’s more than any advance that a record label would give for a single,” he says.

Now, he’s trying to introduce “a new asset class to the masses,” as he puts it, and mold the idea of “collectible music” into something that’s sustainable, with a musical stock market of sorts.

3lau started Royal with his college roommate, JD Ross, who founded the SoftBank-backed Opendoor, which sold real estate on-demand before Zillow did and was recently valued at $11.7 billion. Royal’s first seed round closed at $16 million in August.

As per the site’s developers, this will enable fans to generate income along with their favorite musicians as their songs become more famous.

As per the article, JD Ross and 3LAU have yet to choose which blockchain system will serve as the foundation for the platform. According to the system’s officials, the platform is available to utilizing alternative blockchain technology.

Royal, as per Blau, would progressively roll out all the programs in testing over the upcoming few months, having restricted access, with just a complete rollout expected in the following eight months to 1 year.
The firm has been in negotiations with many prominent musicians about bringing them onboard the site, but no names have been revealed thus far.

American DJ and electronic dance music producer Justin Blau, also known as 3LAU, established the blockchain music investment company Royal, supported by a $16 million seed round led by cryptocurrency investment company Paradigm and Peter Thiel‘s Founders Fund.

The Royal blockchain music NFT investment platform was founded by 3LAU and his university friend JD Ross.It aims to provide music-loving users and creators with unique ownership tokenized investment platforms while allowing music copyrights and autographed digital asset records on a specific blockchain.

Blau stated that the launch of the music investment platform Royal is to provide fans with an opportunity to make money with their favourite artists said:

“I always tell people that artists’ popularity is completely dependent on the fans and the listeners, not the companies and the distributors.

Fans, who are primarily responsible for all the distribution of music, don’t capture any of the upside, even though they’re creating all the value,” he says of the current landscape.

While 3lau owns 100 percent of the song that he’s releasing — because he wrote, recorded, and funded it all on his own — he recognizes that’s not often the case in the music industry. On Royal, major-label artists are welcome too; they’d just be selling a percentage of whatever rights are under their ownership.

In regard to demand, he says that some of the biggest music executives in the world have reached out supportively. “We’re hiring like crazy,” he says. “We did not expect the feedback to be so overwhelming.

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