In 1997, David Bowie securitized the future royalties of his first 25 albums and sold $55M of "Bowie Bonds."

He used the lump-sum proceeds to buy back the rights to his catalog, and by 2007 investors got paid back and he owned his music.

Imagine if a celebrity like Taylor Swift were to do the same thing today.

Even back in 1997 when this was a completely novel idea, Prudential Insurance bought the entire issue.

I'd imagine that global celebrities in the age of social media would get a GIGANTIC premium compared to what Bowie got.

Imagine how many people would want to invest in Taylor Swift, the number would be staggering.

Finally, crypto rails offer significant advantages over what was available to Bowie.

1. It would be trivially easy to get a loan against tokenized royalties

2. Celebrities could experiment with issuing equity (creator coins) vs debt

So far we've seen a barbell in tokenization between the most liquid assets (USD, treasuries, etc...) and the most illiquid (private credit).

Taylor Bonds, or even better, Swifty Equity, would be a concrete real-world use case for crypto.