Through the offering of Security NFTs (S-NFTs), a term coined by Republic to describe a non-fungible digital asset, offered and sold as a “security” (as defined by the Securities Act of 1933 and the Exchange Act of 1934), users are able to invest directly in artists’ music “for as little as $100” via Republic’s platform.
Source: Lil Pump royalty shares sell out in two hours via Opulous partnership, raising $500,000