{"id":299672,"date":"2023-02-16T00:24:45","date_gmt":"2023-02-16T00:24:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=299672"},"modified":"2023-02-16T00:54:17","modified_gmt":"2023-02-16T00:54:17","slug":"opensea-takes-down-nfts-featuring-rhiannas-music","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/opensea-takes-down-nfts-featuring-rhiannas-music\/","title":{"rendered":"OpenSea takes down NFTs featuring Rihanna&#8217;s music"},"content":{"rendered":"<p>Last week, in advance of Rihanna's hotly anticipated Super Bowl halftime show, an <a href=\"https:\/\/anotherblock.io\/rihanna-bitch-better-have-my-money\">NFT collection<\/a> featuring royalty rights from her 2014 song \u201cBitch Better Have My Money\u201d was taken down and delisted from OpenSea.<\/p>\n<p>One of the song\u2019s original producers, Jamil \u201cDeputy\u201d Pierre, offered his rights to the song to an NFT marketplace specializing in music royalty rights, AnotherBlock.<\/p>\n<p>The collection sold out on the first day, with 300 minted for $210 each, generating total sales of $63,000.<\/p>\n<p>Each of the 300 NFTs represents a 0.0033% ownership of future royalties provided by digital streaming providers.<\/p>\n<p>However, just two days later, and a day before Rihanna's Super Bowl appearance, Michel &#8220;bigmich&#8221; Traore, the CEO of AnotherBlock, told members of AnotherBlock\u2019s discord that OpenSea had banned the collection &#8212; leading to an outcry in AnotherBlock's discord.<\/p>\n<p>OpenSea said sales were halted because it went against the marketplace\u2019s terms of service, \u201cappearing to promise fractional ownership and future profit based on that ownership.\u201d<\/p>\n<p>That response perplexed AnotherBlock because, according to a community lead, \u201cwe have also brought up why similar collections (Royal.io and Corite for instance) are still tradable on their platform in our communication without getting any comment on that either.\u201d<\/p>\n<p>Royal.io, a music collection NFT available on OpenSea, is made by the electronic musician \u201c3LAU\u201d Blau. A collection that, like AnotherBlock, allows for downstream revenue to be shared amongst fans and artists.<\/p>\n<p>According to AnotherBlock, however, OpenSea was \u201cignoring\u201d their attempts at resolving the issue.<\/p>\n<p>The Rihanna NFTs are still available on AnotherBlock\u2019s marketplace and on Blur, but some users within AnotherBlock\u2019s discord wondered if the OpenSea ban was affecting the floor price.<\/p>\n<blockquote><p>\u201cOur AnotherBlock traffic is not sufficient,\u201d one holder, kyo1984, argued in Discord. \u201cOur floor prices and transactions are going down.\u201d<\/p><\/blockquote>\n<p>The collection's current floor price on AnotherBlock's marketplace is 0.55 ETH ($867), up 330% from its mint price of 0.128 ETH, with total volume as of press time at 155 ETH (about $245,000).<\/p>\n<p>AnotherBlock, founded in 2021 by entrepreneurs Michel D. Traore, Sebastian Ljungberg and Filip Str\u00f6msten, offers fans a marketplace to buy, sell and trade royalty rights for songs by other artists such as Offset, Metro Boomin and the Weekend.<\/p>\n<p>Internal documents seen by CryptoSlate advertise annualized yield returns for initial NFT offerings upwards of 11%.<\/p>\n<figure id=\"attachment_299736\" aria-describedby=\"caption-attachment-299736\" style=\"width: 398px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-299736 \" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-16-at-12.40.49-AM-722x1024.png\" alt=\"AnotherBlock rate of annualized yield (Source: AnotherBlock)\" width=\"398\" height=\"564\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-16-at-12.40.49-AM-722x1024.png 722w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-16-at-12.40.49-AM-211x300.png 211w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-16-at-12.40.49-AM-768x1090.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-16-at-12.40.49-AM-1083x1536.png 1083w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-16-at-12.40.49-AM.png 1170w\" sizes=\"(max-width: 398px) 100vw, 398px\" \/><figcaption id=\"caption-attachment-299736\" class=\"wp-caption-text\">AnotherBlock rate of annualized yield (Source: AnotherBlock)<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Last week, in advance of Rihanna&#8217;s hotly anticipated Super Bowl halftime show, an NFT collection featuring royalty rights from her 2014 song \u201cBitch Better Have My Money\u201d was taken down and delisted from OpenSea. One of the song\u2019s original producers, Jamil \u201cDeputy\u201d Pierre, offered his rights to the song to an NFT marketplace specializing in [&hellip;]<\/p>\n","protected":false},"author":1406,"featured_media":272536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,107,76232],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenSea takes down NFTs featuring Rihanna&#039;s music<\/title>\n<meta name=\"description\" content=\"The collection by AnotherBlock featured royalties from her 2014 hit \u201cBitch Better Have My Money.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/opensea-takes-down-nfts-featuring-rhiannas-music\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenSea takes down NFTs featuring Rihanna&#039;s music\" \/>\n<meta property=\"og:description\" content=\"The collection by AnotherBlock featured royalties from her 2014 hit \u201cBitch Better Have My Money.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/opensea-takes-down-nfts-featuring-rhiannas-music\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T00:24:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-16T00:54:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/nft-music.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dorian Batycka\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dorian Batycka\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/opensea-takes-down-nfts-featuring-rhiannas-music\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/opensea-takes-down-nfts-featuring-rhiannas-music\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/dorian-batycka\/#person\",\"name\":\"Dorian Batycka\",\"url\":\"https:\/\/cryptoslate.com\/author\/dorian-batycka\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/dorian-batycka\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/dorian-batycka\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/dorian-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/dorian-author-300x300.jpg\",\"caption\":\"Dorian Batycka\"},\"jobTitle\":\"Contributor\",\"description\":\"Dorian Batycka is a journalist interested in art and technology. 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