Steve Aoki and 3LAU are teaming up to use CryptoPunks IP in an exciting way. The two legendary DJs are forming a metaverse supergroup called PUNX. What can fans expect from the newly formed band?
What do we know about PUNX?
The duo just announced they will release their first single called “Concentrate” on April 28. Not only will they release the actual music and concept art, but the group will also sell 50% of the streaming rights to the song. Purchasers will have the opportunity to purchase 99 tokens each representing 0.5% ownership of the track. First dibs will go to current token holders of CryptoPunks, A0K1VERSE Passport, and 3LAU’s NFT collections.
These tokens will be sold on Royal, an investment platform created by 3LAU to help democratize ownership of music rights. By disrupting the existing framework of the music industry, Royal makes it easier for artists to monetize and maintain ownership of their content. To date, more than 11,000 people have used to platform to generate over $2m in revenue.
3LAU remarked, “Releasing Concentrate as part of PUNX is a major moment for us. It offers our earliest supporters & believers a unique opportunity to co-own the song with me and Aoki. By launching the PUNX project on Royal, we’re not only pushing creative boundaries, we’re also empowering our community to be a part of our journey and share in our success from day one. It’s a new era for music, and I’m proud to be at the forefront of this exciting movement.”
Steve Aoki is also excited about the new venture. He added, “It’s incredible to be at the center of this evolution, not only building community, but giving back to it directly. We’re able to feed the ecosystem and merge the fans with the artists in a way that was thought impossible until recently.”
Who are Steve Aoki and 3LAU?
Steven Aoki is a two-time Grammy nominee artist, DJ, producer, and visionary. He has a 77m average monthly reach and his music has been streamed over 4 billion times. He was an early entrant to Web3 and invested heavily in various NFT projects over the last couple of years.
Aoki has also created his own NFT projects. His first project, the “Dream Catcher” series, generated over $4m in revenue. Since that, he co-founded an episodic series with Seth Green called “Dominion X”, curated an NFT collection with Sotheby’s, and partnered with Seth McFarlane to create a comic book art marketplace on Solana. Most recently, Aoki formed an NFT membership-based community called the AoK1VERSE to share IRL and virtual experiences with fans.
Justin Blau, or 3LAU, is a legendary musician and producer. To date, he has over 1 billion streams across the major streaming platforms. 3LAU is also a festival favorite with appearances at EDC Vegas/Korea/Orlando, Ultra, Electric Zoo, Lollapalooza, and Life Is Beautiful. As an early crypto adoptee, 3LAU has been a powerful Web3 advocate since entering the space in 2017.
With PUNX, Aoki and 3LAU look to build upon their already impressive Web3 resumes and give their fans a chance to participate in the fun.