NFT Intellect manages the rights and collects royalties for songwriters, composers, artists, and music publishers when their NFT-based works are publicly used or performed. They act as a collective rights management organization, ensuring creators are compensated for the use of their NFT creations.
Funding
Funding not disclosed
Founders
Product
Problem
NFT-based music creators lack a streamlined mechanism to track and collect royalties when their work is publicly performed or used. Managing rights and ensuring proper compensation for NFT music usage is a complex and fragmented process.
Solution
NFT Intellect provides rights management and royalty collection services for songwriters, composers, artists, and music publishers utilizing NFT technology. The platform monitors the usage of NFT-based musical works and ensures creators receive appropriate royalties when their creations are publicly performed or otherwise exploited. By acting as a collective rights management organization, NFT Intellect simplifies the process of tracking and collecting royalties, allowing creators to focus on their art.
Target Audience
The primary audience includes songwriters, composers, artists, and music publishers who create and distribute music using NFTs.
Features
- Rights management for NFT-based musical compositions
- Royalty collection services for public performances and other uses
- Usage monitoring of NFT music across various platforms