Song Token definition

Song Token means a controllable electronic record minted on a blockchain as a non-fungible token (NFT) linked to the Artist’s percentage of the Streaming Royalties.”, https://royalio-prod-storage.s3.us-east- 2.amazonaws.com/abfb0e7a-6d0a-4908-a3e9-cf87d1275349.pdf?X-Amz-Algorithm=AWS4-HMAC- SHA256&X-Amz-Credential=AKIAXY35ED6HVSOV45B6%2F20220917%2Fus-east-
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Song Token means a controllable electronic record minted on a blockchain as a non-fungible token (NFT) linked to the Artist’s percentage of the Streaming Royalties. “Streaming Royalties” means those royalties earned from the commercial exploitation of the original sound recording embodying the master recording of song entitled ‘VIDEO / SONG NAME’ (the “Recording”) on digital service providers (“DSPs” (as such term is commonly used in the music industry). For avoidance of doubt, (i) the Streaming Royalties are digital in nature and do not include, are not linked to, and are not sold together with, any items or representations that have physical dimensions such as mass or volume. This Agreement governs your participation in the transactions on the NFTonKEY Platform, which are facilitated by NFTonKEY Inc. (“NFTonKEY”), as well as subsequent transactions between Transferors and Transferees (as each is defined below). NFTonKEY is not a party to any transaction between Artist and Purchaser.
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Examples of Song Token in a sentence

  • For the avoidance of doubt, any of the Streaming Royalties payable to you as a result of your purchase of the Song Token shall not accrue and/or account to you until after such purchase and transfer of ownership (as recorded on the relevant blockchain) has taken place.

  • For purposes of this agreement, “Metadata” shall mean the data contained in the specific blockchain transaction unique to the Song Token, namely, such data in the smart contract that facilitates the Streaming Royalty Share distribution utility as described in this Agreement.

  • If the Purchaser fails to meet any of the conditions above, Artist may suspend the delivery of the purchased Song Token or, if such conditions have not been met within the ten (10) calendar days following purchase of the Song Token, terminate the transaction.

  • You will retain such rights to the Streaming Royalty Share only for so long as (i) the Song Token remains in your Wallet; and (ii) you have otherwise complied with this Agreement.

  • The foregoing recitals are hereby incorporated into this Agreement and made a part hereof.

  • Purchaser further acknowledges and agrees that all subsequent transactions of the Song Token will be effected on the blockchain network governing Song Token, and Purchaser will be required to make or receive payments exclusively through its Wallet.

  • By purchasing a Song Token (hereinafter defined), you acknowledge that you have carefully read and agree to the terms of this Agreement.

  • Each Purchaser expressly acknowledges that the Streaming Royalty Share may consist of little or no Streaming Royalties, that there may not be a market for any Secondary Transactions, and to the extent there is a market for any Secondary Transaction, the Song Token may or may not have any material value in that market.

  • Purchaser hereby agrees to purchase the Song Token at the price set forth on the ArtistFirst Website (the “Purchase Price”).

  • The Parties acknowledge and agree that ArtistFirst is not responsible for repairing, supporting, replacing, or maintaining the website hosting the listing and/or display of Song Tokens, nor does ArtistFirst have the obligation to maintain any connection or link between a Song Token and the corresponding Streaming Royalty Share.