Software, precisely built.
Ropeadope Records Launches Vinyl Registry
The world’s first blockchain based registration system where buyers and sellers can claim or verify ownership of rare limited vinyl using blockchain technology.
When Ropeadope CEO Louis Marks decided to see how NFTs and vinyl records might come together, he reached out to Futurescale. He was interested in the technology but wasn't sure how it could apply to physical merchandise like vinyl records.
In a brainstorming session, we realized that a place where NFTs could actually makes sense was in the case of high-value collectible vinyl, where bootlegs and stolen copies are often found on the market.
We could defeat this problem if a record was released with a corresponding NFT acting as proof of ownership. Buyers receive the NFT, and when they resell, they must transfer the NFT to the new buyer. In that case, if a seller cannot transfer the associated NFT, a savvy collector who knows the release came with one will know not to buy it, and certainly not at market value.
For participating releases, a QR code is printed on the vinyl label. The claim process is simple: Scan the QR code on your vinyl record, open the link, and collect your NFT.
It just so happened that Ropeadope was set to release a Limited Edition 20th Anniversary pressing of a classic album that fetches a fairly high price on the market. Originally released in June 2001, The Philadelphia Experiment has been out of print since. This historically important album features ?uestlove, Christian McBride, Uri Caine, and Pat Martino.
