Press release
Hip Hop Super PAC Files SEC Form D for First-Ever NFT Project
- By Grand News Network
- September 19, 2024
First Regulation D Offering for NFT Project Launched by Hip Hop Super PAC
Staten Island, NY – September 17, 2024 – Hip Hop Super PAC, under the leadership of the Sheikh of Hip Hop, has officially filed an SEC Form D, marking the first-ever Regulation D offering for a non-fungible token (NFT) project. This groundbreaking move sets the stage for a new era in digital assets, merging the worlds of blockchain technology, music, and political engagement through NFTs. The launch introduces the Vinyl Share™ NFT, a hybrid security offering designed to bring real-world music assets into the digital sphere, creating a unique investment opportunity for the hip hop community and beyond.
The Vinyl Share™ NFT project represents a transformative step in how music royalties and ownership rights are managed. Each NFT is backed by both a physical 12-inch vinyl record and an ERC1155 blockchain token, allowing investors to earn royalties from the underlying music track while owning a tangible asset. Hip Hop Super PAC is offering up to 14,400 Vinyl Share NFTs under this Regulation D exemption, with a minimum target of 9,000 NFTs sold before the offering closes on November 5, 2024.
“We are pushing the envelope by integrating blockchain technology into the financial and cultural realms of hip hop,” said the Sheikh of Hip Hop. “By leveraging SEC-compliant offerings, we’re ensuring that our investors are protected while still allowing them to engage in the future of music and digital ownership. This is a revolutionary step not just for the hip hop community but for the entire blockchain space. And I dare Gary Gensler to send me Wells Notice!”
What Makes Vinyl Share™ NFTs Revolutionary
The Vinyl Share™ NFTs are not just digital assets; they combine physical and digital ownership in a way that has never been done before. Each Vinyl Share NFT holder owns a 12-inch vinyl record, which acts as both a collectible and a stock certificate. This innovative approach bridges the gap between traditional music investments and modern digital asset trading.
Regulation D Compliance
By filing under Regulation D, Hip Hop Super PAC ensures that this offering complies with the Securities and Exchange Commission’s (SEC) rules, which allow for exempt offerings of securities to accredited and non-accredited investors alike. The SEC Form D submission on September 16, 2024, is a landmark moment for both the NFT and hip hop communities.
How Investors Benefit from Vinyl Share™ NFTs
Investors in Vinyl Share™ NFTs gain access to several unique benefits:
-Royalties: Holders of the Vinyl Share NFT can stake their tokens to earn royalties from the underlying music track, which has been licensed for commercial use.
- Physical & Digital Ownership: Each NFT represents ownership of a 12-inch vinyl record of the track and a digital asset via the ERC1155 blockchain standard.
- Compliant & Secure: By adhering to SEC regulations, Hip Hop Super PAC offers a transparent and secure investment opportunity in the rapidly evolving world of NFTs and digital assets.
About Hip Hop Super PAC
Hip Hop Super PAC is a political action committee committed to advancing policies and technologies through the lens of hip-hop culture. Focused on integrating blockchain technology, Hip Hop Super PAC is creating opportunities for economic empowerment within underserved communities while leading the charge in the future of decentralized finance (DeFi).
The SEC Form D filing marks a pivotal moment in the integration of music, NFTs, and blockchain technology. To learn more about the Vinyl Share NFT offering and to join the movement, visit https://hiphopsuperpac.org and follow Hip Hop Super PAC on X, Instagram, TikTok, and YouTube @hiphopsuperpac.
For press inquiries, contact:
Hip Hop Super PAC Media Team
Media Contact
Organization: Hip Hop Super PAC
Contact Person: Franklin Clover
Website: https://hiphopsuperpac.org
Email: Send Email
Country:United States
Release id:17160
The post Hip Hop Super PAC Files SEC Form D for First-Ever NFT Project appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.
