Sellaband, the Amsterdam-based virtual record label funded by consumers, today released its first album from a U.K. act.

The album "The Elements" was recorded by Second Person, a London-based "post trip hop" act, and produced by Tony Platt, who has worked with veteran rock acts AC/DC and Iron Maiden.

Sellaband invites consumers -- also known as "Believers" -- to invest a minimum of $10 in any band featured on the company's Web site. When an act raises $50,000, Sellaband's management takes them into the studio using experienced producers. More than 4,500 unsigned acts have signed-up since launch in August 2006.

Second Person "took a mere six months" to raise the $50,000, according to Sellaband. More than 700 investors worldwide took part in financing the project.

The album is now free to download via the Sellaband online store. The firm will raise revenues from advertising sold on the site, which will be shared with the artists and "the Believers."

"The Elements" follows releases by U.S. singer songwriter Cubworld, and Nemesea, the Dutch all-girl rock band, who were the first to bring out albums via the Sellaband concept.

Physical CD copies of Cubworld and Nemesea's works are now available, says the company. Plans are to distribute the CDs to third-party online and physical retailers in the coming weeks.