Royal.io

Royal.io

Technology, Information and Internet

Austin, Texas 3,381 followers

Royal is redefining music ownership

About us

Royal is redefining music ownership. Helmed by co-founders Justin Blau (3LAU) and JD Ross, Royal uses blockchain technology to enable anyone to own rights in songs. Music ownership has historically been limited to labels, private equity, and hedge funds, with artists often retaining only a small percentage of ownership, if any. Royal gives artists the ability to maintain control over their work, share a piece of it with their fans, and access a new revenue stream as they build deeper connections with people who are invested in their music’s success. Backed by Andreessen Horowitz, Paradigm, Coinbase Ventures, Founders Fund, Creative Artists Agency, and musicians like Nas, The Chainsmokers, and Diplo, Royal brings music ownership to the masses and empowers artists to create more value for their music. For more information, please visit www.royal.io.

Website
https://www.royal.io
Industry
Technology, Information and Internet
Company size
11-50 employees
Headquarters
Austin, Texas
Type
Privately Held
Founded
2021

Locations

Employees at Royal.io

Updates

  • View organization page for Royal.io, graphic

    3,381 followers

    We recently piloted a new product we’ve been working on called "IRL" in Austin at the F1 Closing party. We asked ourselves, “How do you bring real-life events onchain in a way that benefits both attendees and event organizers?” The solution was to keep it simple. We embedded entry bands into the event with NFC technology that minted NFTs for partygoers when they tapped them with their phones. We thought a few people would participate. But over 250 non-crypto native people minted a token throughout the night (on Coinbase's Base L2 chain). This was just a test, but in the future, we imagine a world where people can collect memories from live events in the form of NFTs, and tokens can act as an onchain proof of attendance for event organizers to reward concertgoers with special perks. We’re just getting started on this idea and look forward to testing and building on top of it in the future!

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Funding

Royal.io 3 total rounds

Last Round

Series A

US$ 55.0M

See more info on crunchbase