A Tribe Called Quest has announced plans to sell off a portion of their song royalties as an​​​ NFT.

The iconic hip-hop group is joining forces with NFT broker Royalty Exchange to auction off a 1.5% share of sound recording royalties from their first five albums: 1990’s People’s Instinctive Travels and the Paths of Rhythm, 1991’s The Low End Theory, 1993’s Midnight Marauders, 1996’s Beats, Rhymes and Life, and 1998’s The Love Movement.

The starting price will be listed at $35,000 with a 10% royalty upon any resale, which is split evenly between Royalty Exchange and the initial seller. The highest bidder will collect royalties derived from sales, streaming, sync, satellite radio, digital downloads, CD sales, TV/film/commercial placements, samples, etc.

https://t.co/sS8yVbsQte

— QTip (@QtipTheAbstract) May 22, 2021

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