Does anyone have a handle on the legal side of Royal music NFTs? Is an LDA similar to what Opolous or Republic call an S-NFT? Is Royal registered under U.S. Regulation Crowdfunding? I can't find in their docs.

Founder @withBackdrop, enabling more digital painters, gardeners, and explorers

For context, I’m just trying to really understand the various tools a founder might have to build token-based ownership in their project.

Royal.io founder, curiouser and curiouser

Got it, thanks for the reply! And yeah I read the linked contract, very cool. Is there anything different about the kinds of songs you can sell in this way vs the S-NFTs you see on Opolous/Republic?

It is not a security so not registered. It’s a fully on chain contract containing rights to streaming income. The contract is linked from each token.

Using the royal app or directly on chain each owned can claim royalties as they are released