SP Balasubrahmanyam: Legendary singer SP Balasubrahmanyam’s last unreleased song to be auctioned as NFT on Diginoor
Diginoor, which has the exclusive rights to sell and release the song as an NFT, will auction the 30-minute track on April 9.
This will also be the first time that the buyer will be transferred 51% of the copyright, giving the NFT holder the right to make the song available to the larger public, adapt or reproduce it in any manner.
The unreleased track, which is in Tamil, was the last ever devotional track recorded by SPB a few weeks before he passed away in September 2020.
The album, titled Vishwaroopa Darisanam, was recorded by SPB in collaboration with music label Symphony Records.
“It gives us great joy to announce the NFT drop of my father’s last unreleased song,” said SP Charan, filmmaker, playback singer and SPB’s son. “We are thankful to Diginoor for creating this NFT and carrying on the legacy of SP Balasubrahmanyam. I hope that his fans will enjoy this limited edition NFT.”
The platform claimed that it has already witnessed pre-bid offers for the NFT drop for $150,000.
To give fans a preview, Diginoor will release a one-minute trailer of the song on its platform on April 2.
Sri Hari, CEO, Symphony Records, said, “We are proud to conceptualise and produce this rare album which is a tribute to his melodious voice that will stay with us forever. Symphony is glad to partner with Diginoor to launch SPB’s last song as an NFT, giving a chance to his fans and music lovers to have co-ownership of sir’s magnum opus and its copyrights.”
A six-time national award winner and Padma Vibhushan awardee, SPB’s illustrious career spans over 40,000 songs in 16 languages.
Diginoor is founded by 18-year-old Chennai-based entrepreneurs Shaamil Karim and Yash Rathod and is backed by Kunal Shah of Cred, Abdul Wahab Al Halabi (ex-CEO of Dubai Holding), California-based Contrary Capital and Sandeep Nailwal of Polygon.
“As a Tamilian, it brings me great pride to release SP Balasubrahmanyam sir’s magnum opus on Diginoor exclusively for his legacy to live on the blockchain forever,” said Shaamil Karim, founder and CEO, Diginoor. “This is also the first time in the industry that the NFT will facilitate the transfer of 51% of the copyright to this musical masterpiece to the winning bid.”
Diginoor has partnered with leading production houses including Sivaji Productions, Reliance Entertainment, YNOT Productions, AVM Productions and Thenandal Studio for NFTs.
