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Chainsmokers to Release NFTs That Offer a Cut of Music Royalties

The digital tokens will give fans a share of streaming revenue from the group’s new album.

Alex Pall and Andrew Taggart of the Chainsmokers.

Alex Pall and Andrew Taggart of the Chainsmokers.

Photographer: Bryan Bedder/Getty Images

Pop music duo the Chainsmokers plan to release nonfungible tokens that will give fans a cut of the streaming royalties from their new album, “So Far So Good.”

The 5,000 NFTs will be given out for free on May 17, with a VIP list made up of frequent concert ticket buyers and other superfans getting early access. Holders are entitled to a collective 1% of the “So Far So Good” royalties, the group announced Thursday.