Kanye West and Jay-Z
Entertainer Kanye West performs with Shawn "Jay-Z" Carter at a taping of the BET Channel's show "106th and Park" in New York Reuters

The hip hop power duo recently joined forces and formed a new group called "The Throne." Monday, their leading track: "Otis" will be available instantly once you pre-order the album on iTunes. On Aug. 8, tickets will be available for the exclusive tour featuring both Jay-Z and Kanye West on stage in the "Watch the Throne Tour" produced by Live Nation. Fans who purchase tickets also receive a digital copy of the album. Pre-sale tickets will begin this Thursday and Friday with limited release.

The album is the product of true collaboration between Roc-A-Fella / Def Jam Recordings / Roc Nation album and was recorded all around the world in over one year. Obviously, details on the album have been kept under wraps, but those who have heard a bit of the tracks say that it is a "masterpiece." Featured vocals include Jay-Z's wife and hip hop diva--Beyonce, Frank Ocean, Curtis Mayfield, and Mr. Hudson. "Since the track's release, the flood of praise for the track has been nothing short of deafening," read an article on the Wall Street Journal. Entertainment Weekly claimed their lead track, "Otis," "the most well-executed rap song of the year." Surely, this is a project that will make the history books of pop culture.

The "Watch the Throne Tour" begins on Sept. 22 in Detroit. 24 dates and several cities including Toronto, Chicago, San Jose, Los Angeles, Dallas, Boston, Atlanta, Philadelphia, Vancouver and East Rutherford are on the list for tour stops--and reports suggest that there are more to come!

Catch the entire album on iTunes on Aug. 8.