Chapter Two: From NFTs to the Platform for Catalog Transactions

Back at the height of NFTs-excitement in the music industry in 2022, Music Ally wrote about Swedish startup Anotherblock, which was selling NFTs with music royalties attached. It raised a $2.5m funding round that year, then another €4m in 2023, shortly before launching 2,000 NFTs splitting a producer’s royalties from Justin Bieber track ‘Company’.

Since then, Anotherblock has rebranded as Chapter Two and, like many of its peers, dialled down the focus on NFTs. Nowadays it pitches itself as “the platform for catalog transactions” – so music rights are still its wheelhouse.

This morning it has announced the latest deals struck using that platform: sales of songwriter shares of the music rights from two tracks, one recorded by Lil Nas X and another recorded by BTS. While the tracks were not named in the announcement, Chapter Two said that the deals were worth over $6m together. “Purely through word-of-mouth, we’ve facilitated millions in music catalog deals in just six months,” said CEO Michel Traore.