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.

Remember having CDs, Cassettes and Vinyls? Well, this is nothing like that… It's so much more. Think of this as the digital version of owning music, but with the added benefit of earning. When you purchase a percentage of streaming royalty rights on NEWM, you receive digital tokens, Stream Tokens, that prove your ownership (sometimes with additional perks and experiences, depending on what the artists decide) and allow you to accrue streaming royalties from the moment the tokens are in your wallet.

Stream Tokens are Fungible Tokens (FTs) that only represent streaming royalty rights; think of them more as a streaming royalty agreement between you and the artist that allows you to earn a percentage of royalties for every stream. They are tradable and the value is directly tied to the amount of streams.  

$NEWM Tokens are also FTs, but they are the governance and utility tokens that give holders ownership and a voice in the future of the NEWM platform. Once our full music ecosystem is released, the goal is to have all in-app operations performed between individual parties with our native token $NEWM or $ADA. Explore our vision of a fair music ecosystem here.

You can listen to the song(s) on most of the major streaming platforms, including Soundcloud, Youtube Music, Spotify, Tidal, Amazon Music, Apple Music (if it has lyrics), etc. Eventually, NEWM will have a music streaming platform in-app that will offer higher and faster royalty payouts than the traditional platforms.

Royalty payout times can vary widely, depending on the streaming platform. Normally, payouts can take 6 months or more, so please be patient and join our communities (links in footer) where we'll notify you when claiming becomes available.

In order to collect streaming royalties, the Stream Tokens must be in your wallet at the time of distribution.