- It is also the first time the purchaser will be granted 50 percent copyright, which gives the NFT owner the right to release the music to anyone who wants to modify it or copy it in any manner.
- According to the market, preliminary bid plans for NFT have been dropped to $150,000.
S.P. Balasubrahmanyam’s final song that has not been released can be bought as a Non Fungible Token (NFT) through the platform for entertainment Diginoor from April 9.
It is also the first time the purchaser will be granted 50 percent copyright, which gives the NFT owner the right to release the music to anyone who wants to and modify it or copy it in any manner.
According to the market, preliminary bid plans for NFT have been dropped to $150,000.
On April 2nd, Diginoor will release a one-minute video clip of the track on its platform, offering users a glimpse.
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“It gives us tremendous satisfaction to announce the NFT drop of my father’s last unreleased song,” S.P. Charan director, playback vocalist, and SPB’s son. He remarked after a short silence. We’re grateful to Diginoor for establishing this NFT, and for carrying on the legacy of Shri S.P. Balasubrahmanyam’s heritage. I hope that his fans enjoy this special edition of NFT.”
“We are happy to conceptualize and create this unique record that is a homage to his wonderful voice that will stay with us forever,” said Sri Hari, CEO of Symphony Records. Symphony is delighted to work in partnership with Diginoor in releasing SPB’s final track as an NFT which allows his fans and music fans to take ownership of his work as well as its copyrights.”
SPB’s remarkable career spans over 4000 songs across 16 languages. This includes six national awards and an award called Padma Vibhushan.
Shaamil Karim and Yash Rathod, both 18-year-old Chennai merchants, launched Diginoor. Kunal Shah of Cred, Abdul Wahab Al Halabi (ex-CEO of Dubai Holding), Contrary Capital in California, and Sandeep Nailwal of Polygon are among the investors.
“It gives me great satisfaction as a Tamilian to exclusively distribute SP Balasubrahmanyam sir’s greatest work on Diginoor for his legacy to live on the blockchain forever,” said Shaamil Karim, founder, and CEO of Diginoor. “This is also the first time in the industry that the NFT would permit the transfer of 51 percent of the rights to this musical masterpiece to the successful bidder.”
Diginoor has collaborated with renowned production companies such as Sivaji Productions, Reliance Entertainment, and YNOT Product.