Royal is a platform where fans can buy ownership in songs directly from artists and earn royalties with the artists. In October 2021, it has officially launched the service.
Anyone can invest in their favorite songs and share the success of the artists.
According to the website, Royal seeks to be a platform where artists and fans can benefit mutually without relying on intermediaries which take most of their profits.
When it comes to the ownership, artists can include some options such as access to exclusive communities, free merchandise, concert tickets, etc.
Forbes says that Royal charges artists a fee of less than 10% in the short term. However, it wants the platform to be finally run by its community.
(As of October 30, 2021)