This startup operates an NFT-based music platform that enables artists to create and tokenize their songs as non-fungible tokens, allowing fans to purchase ownership and earn royalties. By utilizing limited digital assets technology, the platform provides a new revenue stream for artists while giving fans a stake in their success.
Funding
$71M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Content creators lack a reliable and decentralized method to establish and verify the origin of their work, especially with the rise of AI-generated media. Existing methods often rely on centralized platforms, which can be vulnerable to manipulation or lack transparency. This makes it difficult for creators to prove authorship and protect their intellectual property.
Solution
Royal provides a protocol for creators to register and verify the provenance of their digital content onchain. By creating a Royal ID and linking it to a crypto wallet, creators can register their content's hash on the blockchain, creating an immutable record of authorship. The protocol supports various types of digital content, including music, videos, images, and text. Royal partners with AI content generators to ensure a proof of creation at the source, further solidifying the content's origin. This enables creators to secure recognition for their work and manage their digital assets in a decentralized manner.
Target Audience
The primary target audience includes digital content creators, musicians, artists, and developers seeking a decentralized solution for content provenance and ownership verification.
Features
- Royal ID: A unique identifier for creators, linked to a crypto wallet for secure authentication.
- Onchain Registration: Records the content's hash on the blockchain, creating an immutable record of authorship.
- Support for Multiple Content Types: Designed to support music, videos, images, text, and more.
- Partnership with AI Platforms: Integrates with AI content generators to ensure proof of creation at the source.
- Decentralized Provenance: Offers a secure and transparent method for verifying content origin.
- Open-Source Protocol: Allows developers to build new applications using Royal's technical standards.