The music copyright tokenization platform Royal leverages blockchain and smart contracts to revolutionize royalty distribution, offering transparency and efficiency. However, potential vulnerabilities in its smart contracts raise concerns. Issues like coding errors, reentrancy attacks, or unauthorized access could disrupt automated royalty payouts, risking funds or data integrity. In 2022, Royal distributed $36,000 in royalties for songs like Nas’ “Ultra Black,” but without robust auditing, exploits could undermine trust. The platform’s reliance on Ethereum’s infrastructure also faces scalability challenges, potentially delaying payments. To mitigate risks, Royal must prioritize rigorous contract testing, regular audits, and compliance with evolving regulations to ensure secure, equitable royalty distribution for artists and token holders, maintaining its promise of a decentralized music economy. 0 reply
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