We are essentially creating a stock market for music. A way for consumers to move beyond the “consume” model to “true investment” in the success and career of the artist in which they choose to invest. Now, artists have a way to generate upfront operational cash via selling or auctioning a small part of their music IP rights to hungry music lovers or collectors. The bottom line: everyone has equal opportunity to invest in the future of an artist (if the artist so chooses). 

Stream Tokens are digital tokens that prove ownership of a percentage of streaming royalties (sometimes with additional perks and experiences, depending on what you, the artist, decide).

When a fan buys the Stream Tokens for your song, they’re buying the right to claim a portion of the royalties generated by streaming the song, which they begin to accrue from the moment the tokens are in their wallet.

NEWM uses Stream Tokens to represent percentages of streaming royalty rights, putting power and creative control back in the hands of artists. They choose how much they’d like to share with their fans, and NEWM provides the tech and legal infrastructure to make it happen. 

Owning Stream Tokens of a song/album means you co-own a piece of Intellectual Property (IP) Rights with the creator – pretty neat, huh?

Click here to view an example of a streaming royalty agreement between artists and fans on NEWM.

Minting a song means permanently recording it on the blockchain. When you mint an NFT (Non-Fungible Token), it includes all the essential details about the song, such as the actual music, royalties, legal contracts, and other relevant information. This process makes the streaming royalties available for purchase and facilitates automatic distribution to your account.

There are two copyrights you will either need to hold yourself, or have acquired the proper permissions and/or license(s) from the copyright holder(s) in order to mint:

• Sound Recording Copyright (℗)

• Composition Copyright (©) 

The sound recording copyright covers the recording itself. It does not cover the music, lyrics, words, or other underlying content embodied in that recording. This copyright is often owned by the artist and/or record label.

The musical composition copyright covers the music and lyrics, if any, embodied in that composition, but it does not cover a recorded performance of that composition. This copyright is often owned by the songwriter and/or music publisher. 

If you are not the copyright holder for ALL of the sound recording (i.e. this recording is a remix or uses samples from other sound recordings), and/or if you are not the copyright holder for ALL of the song composition (i.e. this song is a cover or uses composition parts from other works), you will need to secure and provide the proper permission(s) and/or license(s) from the copyright holder(s) in order to mint and distribute this song. 

If you need more information, or if you have secured the necessary permissions/licenses, please reach out to [email protected] to proceed.

Minting and distributing music on NEWM takes (on average) 5 days per song, but could take up to 15 days, depending on the quality control checks by our white-label partner.

• Ownership and authenticity: NFTs provide proof of ownership and authenticity for the song, ensuring it is a unique and original creation.

• Transparency: No more being left in the dark when it comes to music revenue. Music NFTs provide musicians with full transparency for all transactions on minted songs ensuring every artist is fairly compensated. 

• Royalties and revenue: Creators can program streaming tokens to receive royalties automatically whenever they are resold, enabling ongoing revenue streams.

• Direct fan engagement: NFTs facilitate direct interaction between artists and fans, as fans can own and trade unique digital assets associated with the song enabling artists to build stronger relationships and offer exclusive perks, experiences or content.

• Increased exposure: Minting a song as an NFT can attract attention and exposure from the growing NFT community, potentially reaching new audiences.

Creative control: Artists can set specific conditions for the NFT's use, such as licensing terms or access to exclusive content, giving them more control over their work.

No, NEWM Studio is free to use for all artists. However, in order to mint songs on the blockchain, a small transaction fee of 6 ADA is required to complete the process for each song. 

You can sign up for NEWM Studio and navigate the platform without connecting a wallet, however, in order to distribute and mint your songs you will need to connect an ADA-compatible wallet. We currently recommend GeroWallet or Eternl.

To mint and fractionalize the song you upload on the Cardano network, you will need some ADA to cover the associated network fees.

Yes, the KYC process is performed to prevent illegal activities in return protecting both company and clients. But don’t worry, your information is safe. Our partner, iDenfy, securely manages all user data related to KYC, while upholding stringent data protection practices. Notably, iDenfy is certified under ISO 27001:2013, demonstrating their commitment to maintaining the highest standards of information security.

All rewards will be paid out in $NEWM tokens (you will be able to trade/sell these for USD on a designated DEX or CEX). However, royalty claiming will not be available until the release of our marketplace, but don’t worry – any royalties from streaming will continue accruing until they can be claimed. 

Once claiming is available, the projected timeline for royalty payouts is around six months, but this may vary depending on streaming platforms. More details on the claiming process will be made available once the marketplace goes live. In the meantime, be sure to join our communities (links in footer) where you’ll be the first to receive a notification when claiming becomes available.