Timbaland’s Beatclub Partners with FinTech Company Horizon Fintex to Enable Fans to Buy and Trade Music Stocks, NFT
Beatclub, a marketplace founded by Timbaland and Gary Marella, has partnered with Horizon Fintex, a FinTech company that powers the upstream digital exchange and the Global Fan Exchange (GFX) fan engagement platform.
According to a press release announcing the partnership, the integration between Horizon and Beatclub aims to provide regulated business opportunities for fans, giving them the ability to own and trade musical stocks and NFTs of producers and authors – composers.
The first agreements are expected to go live later this year.
Beatclub, slated to launch later this year, allows artists to create music from beats created by Timbaland and other producers like Mike WiLL Made-It, Cash Money AP, Mike Dean, Tainy, J. Cole, Federico Vindver, Larrance Dopson, Tommy Brown and more.
Beatclub recently partnered with the National Hockey League (NHL) and Red Bull to deliver personalized music experiences.
According to Horizon, its integration with Beatclub will allow creators to fund their musical projects by donating a percentage of their songs, albums and masters to fans.
In turn, according to the company, fans become “brand ambassadors” who help spread the word about the music.
On GFX, users will be able to browse opportunities to purchase ownership shares in their favorite songs.
Upstream, users will be able to trade stocks with others around the world for over $ 25, receive potential dividends and royalties, and purchase memorabilia in the form of NFTs.
Fans will also have access to perks, such as fixtures and early access tickets. Interested fans can join the investor waiting list.
“Beatclub connects our growing community of music creators with industry-leading producers. “
“Beatclub connects our growing community of music creators with industry-leading producers.
“Our partnership with Horizon and Global Fan Exchange adds another key element to artist success by engaging fans and allowing them to connect with creators in a whole new way. “
“We believe this partnership will empower music creators at all levels.”
Gary Marella, CEO of Beatclub, said: “We believe this partnership will enable music creators at all levels by enabling music fans to support their favorite artists early on in the creation process. “
“Join the Beatclub […] gives us unprecedented access to the music industry.
Mark Elenowitz, Horizon
Mark Elenowitz, President of Horizon, added: “Integration with Beatclub, a platform of thousands of top producers, writers and artists, gives us unprecedented access to the music industry.
“Our collaboration will allow us to bring innovative music property, NFT services and regulated business opportunities to our growing community of fans and investors.”
The online beat markets grew rapidly through 2021. In February, Los Angeles-based Splice raised $ 55 million in Series D funding.Music trade around the world