{"id":441,"date":"2023-07-19T16:40:14","date_gmt":"2023-07-19T16:40:14","guid":{"rendered":"http:\/\/www.kashikaricoop.com\/?p=441"},"modified":"2023-10-03T12:40:59","modified_gmt":"2023-10-03T12:40:59","slug":"melodies-for-the-masses-why-3lau-launched-royal-io-where-fans-own-the-soundtrack-to-their-hearts","status":"publish","type":"post","link":"http:\/\/www.kashikaricoop.com\/index.php\/2023\/07\/19\/melodies-for-the-masses-why-3lau-launched-royal-io-where-fans-own-the-soundtrack-to-their-hearts\/","title":{"rendered":"Melodies for the Masses: Why 3LAU Launched Royal.io, Where Fans Own the Soundtrack to Their Hearts"},"content":{"rendered":"<p><!-- tml-version=\"2\" --><\/p>\n<p>Music as an investable asset class has been the furthest thing from open, accessible and transparent. A privilege typically available exclusively to accredited investors and with little to no supporting infrastructure to determine valuation, investing in the illiquid music intellectual property market has historically been an exercise in cutting red tape and crossing ones fingers. <\/p>\n<p>However, the advent of Web3 brought about innovation for tokenizing and democratizing music ownership in ways not seen previously\u2014and <a href=\"http:\/\/www.edm.com\/tag\/3lau\">3LAU<\/a>\u2019s <a href=\"http:\/\/royal.io\/\">Royal.io<\/a> has been at the bleeding edge.<\/p>\n<p>To date, Royal has tokenized and sold music IP from Diplo, Nas, The Chainsmokers and many more elite artists in the form of NFTs. In their ongoing efforts to empower investors, musicians and fans alike, the company also launched their &#8220;<a href=\"https:\/\/royal.io\/song-valuation-calculator\">Song Valuation Calculator<\/a>,&#8221; a lens through which any user can view what a piece of music is monetarily worth based on future expected streaming performance.<\/p>\n<div>\n<blockquote class=\"twitter-tweet\"><p><a href=\"https:\/\/twitter.com\/3LAU\/status\/1669478907291258880\"><\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<p>Today&#8217;s investors are seamlessly collecting royalty distributions from purchases made on Royal while artists are simultaneously raising the capital needed to pursue their goals. But 3LAU\u2019s drive to revolutionize the industry remains unabated.<\/p>\n<p>&#8220;The music business has tons of areas of information asymmetry across it, where there\u2019s little visibility into what money is being generated and where it goes,&#8221; 3LAU tells <em>EDM.com&nbsp;<\/em>matter-of-factly. <em>&#8220;<\/em>It\u2019s really impossible to think about solving that whole problem in one effort, but a starting point would be to show people one thing that\u2019s going on in the background that they don\u2019t know.\u201d<\/p>\n<p>3LAU, whose real name is Justin Blau, says one of Royal\u2019s core value propositions is education. Himself an artist of over a decade,&nbsp;Blau&nbsp;is especially forthcoming about the experiences that have gone on to shape his views today. He explains that when it comes to modeling the cash flow of a song, streaming is arguably the most predictive measure. Paradoxically, it\u2019s usually the critical monetization lever that artists are quickest to relinquish when approaching a record deal.<\/p>\n<p>&#8220;What I learned having released some of my first independent music in 2015 was that releasing something independently and that thing being successful meant a lot more money in my pocket if I kept the ownership,&#8221;&nbsp;Blau&nbsp;recalls.<\/p>\n<p>&#8220;There was a song I made called &#8216;Is It Love&#8217; that I chose to release independently,\u201d he continues. &#8220;There was a deal on the table for 50% of that song for $15,000 from a reputable record label. If I had signed the deal the label would have made hundreds of thousands of dollars, but because I didn\u2019t I got to keep all of that. That was a learning experience for me because the whole world was like \u2018music doesn\u2019t pay, streaming is bad\u2019 but the streaming actually paid a lot more than the iTunes purchases prior.\u201d<\/p>\n<p><iframe loading=\"lazy\" title=\"3LAU feat. Yeah Boy - Is It Love (Official Lyric Video)\" width=\"1170\" height=\"658\" src=\"https:\/\/www.youtube.com\/embed\/-GSJUNMDw7w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>While changing the narrative from the artist&#8217;s point of view to illuminate the earning potential of their music remains a key focus of Royal&#8217;s strategy, there are additional considerations at play that are driving a sense of optimism in the company&#8217;s ability to scale music as an investment class with the public.&nbsp;<\/p>\n<p>Despite a presently challenging macroeconomic environment characterized in part by quantitative tightening and rising interest rates,&nbsp;Blau&nbsp;tells us consumers on Royal are not purely incentivized by yields alone.&nbsp;There is, of course, a logic-based thesis for pursuing an investment in music, but there&#8217;s also an emotional one.&nbsp;<\/p>\n<p>&#8220;One person might buy interest in a song because it&#8217;s exploding, but another might buy in because they love it,&#8221; he explains. &#8220;Music is in this weird category where it is both emotionally valuable and there&#8217;s a cashflow, and that means there are different reasons for people to buy it.&#8221;<\/p>\n<p>&#8220;In economic downturns music has typically been resilient,&#8221;&nbsp;he continues, bringing it back to the macroeconomic outlook,&nbsp;&#8220;because people need it to survive, motivate themselves, they need it in the gym, in the car\u2014and people listen to more music when things are bad.&#8221;<\/p>\n<p>The emotional side of investing in music is a topic&nbsp;Blau&nbsp;returns to often. Exploring how to appeal to a fan&#8217;s emotional interest in being a part of the art&#8217;s future while patronizing the artists they already love remains a core part of the company&#8217;s strategy going forward.<\/p>\n<figure>\n        <img loading=\"lazy\" src=\"http:\/\/www.kashikaricoop.com\/wp-content\/uploads\/2023\/07\/edc-lv-2021-3lau-brian-rapaport-photo_09.jpg\" height=\"413\" width=\"620\" \/><figcaption>3LAU performing at the 2021 edition of EDC Las Vegas.<\/p>\n<p><a href=\"https:\/\/www.instagram.com\/brphoto.co\/\">Brian Rapaport\/EDM.com<\/a><\/p>\n<\/figcaption><\/figure>\n<p>Undeterred by the macro uncertainty, Royal is instead stepping up its efforts in terms of scalability with the intent of bringing a self-serve tool to any artist looking to facilitate a tokenized sale. The self-serve module currently exists in beta but the company is currently pressure testing it to ensure it&#8217;s ready for public access.<\/p>\n<p>&#8220;At the end of the day, an open platform is most empowering for musicians and consumers because consumers may even encourage a musician to do something on Royal when that artist can do so,&#8221; Blau says.<\/p>\n<p>Getting there was a challenge that included building a payments layer, compliance framework and a means for verifying rights ownership. While it&#8217;s been a heavy lift,&nbsp;Blau&nbsp;explains that it&#8217;s been some of the company&#8217;s most important work to date. The launch of these features was among the company&#8217;s most coveted end goals from the very start.<\/p>\n<p>&#8220;We had to build all of these things that hadn&#8217;t been built before, and we&#8217;re really incredibly excited by the fact that it now exists,&#8221; he adds.<\/p>\n<p>Explore Royal <a href=\"https:\/\/royal.io\/\">here<\/a>.<\/p>\n<h2>Follow 3LAU:<\/h2>\n<p><strong>Facebook: <\/strong><a href=\"https:\/\/www.facebook.com\/DJ3LAU\/\">facebook.com\/DJ3LAU<\/a><br \/><strong>Twitter: <\/strong><a href=\"https:\/\/twitter.com\/3LAU\">twitter.com\/3LAU<\/a><br \/><strong>Instagram: <\/strong><a href=\"https:\/\/www.instagram.com\/3lau\/\">instagram.com\/3lau<\/a><br \/><strong>Spotify: <\/strong><a href=\"https:\/\/open.spotify.com\/artist\/4YLQaW1UU3mrVetC8gNkg5?si=gPLkuT29RZuG1P-d8DaShg\">spoti.fi\/3hgZvgI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Music as an investable asset class has been the furthest thing from open, accessible and transparent. A privilege typically available exclusively to accredited investors and with little to no supporting infrastructure to determine valuation, investing in the illiquid music intellectual property market has historically been an exercise in cutting red tape and crossing ones fingers. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/posts\/441"}],"collection":[{"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/comments?post=441"}],"version-history":[{"count":2,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/posts\/441\/revisions"}],"predecessor-version":[{"id":445,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/posts\/441\/revisions\/445"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/media\/443"}],"wp:attachment":[{"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/media?parent=441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/categories?post=441"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.kashikaricoop.com\/index.php\/wp-json\/wp\/v2\/tags?post=441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}