Music Industry News

Rapper Nas Makes at Least $40 Million Off Coinbase Investment from 2013

Nas has made millions off an early Coinbase investment. Photo Credit: Coup d’Oreille Rapper Nas has reportedly earned north of $40 million from an eight-year-old investment that his QueensBridge Venture Partners made in cryptocurrency-exchange platform Coinbase. The “EPMD” artist and his venture-capital firm, which has also exited investments in Dropbox and Lyft, participated in Coinbase’s […]

Music Industry News

Dr. Luke’s Prescription Songs Will Pay Songwriters In Bitcoin

Dr. Luke’s Prescription Songs publishing company has announced that its songwriters will have the option of receiving their royalties in Bitcoin moving forward. Prescription Songs and Dr. Luke (full name Lukasz Sebastian Gottwald) announced the cryptocurrency payment option’s rollout this morning. Moreover, the publishing company – one of two such entities owned by the 47-year-old […]

Music Industry News

Open Sea NFT Start-Up Raises $23MM After Kings of Leon Album Auction

Photo Credit: OpenSea OpenSea, the NFT auction start-up behind the Kings of Leon album auction, just raised $23 million in funding. NFT auctions with ‘golden ticket’ real-life benefits are being sold for millions to music fans. Eager to be part of these massively growing platforms, investors are pouring money into cryptocurrencies that power these non-fungible […]