
A new marketplace for #musicNFTs made by music people for music people. Let's collab! š [email protected]
Joined September 2017
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š£Ā New partner, new rewards!
Weāre teaming up with @hyperymusic to give users real value for their attention. Opt in, engage, and earn +200 $ASKāall while keeping your data private & secure.
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Problems are opportunities and the music industry has plenty.
So, I asked 35,245 people āwhatās the biggest problem to solve in music?ā.
Here are the most common answers:
(Plus my thoughts below)
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Ed Sheeran last night on how there's few "music people" left in the music business. We're forgetting the point of all this.
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Rest in peace, Quincyā¦
In honor of his legacy, hereās a throwback to an incredible moment:
Quincy Jones and Herbie Hancock in the studio, exploring the groundbreaking Fairlight CMI synthesizer. Herbieās demonstration showcases the brilliance of both the technology and their unmatched creativity.
A true legend remembered.
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We lost one of the all-time greats⦠Quincy Jones š
Today, the world lost a true musical giant, a visionary whose influence spans generations and genres.
Quincy Jones wasnāt just a producer - he was an innovator who revolutionised the worlds of soul, jazz, hip-hop, and even electronic music. His unparalleled ability to bring together musicians from all walks of life inspired a global shift in the music industry, blending genres and cultures like no one else. He shaped the sounds of global superstars like Frank Sinatra, Michael Jackson and Aretha Franklin, whilst always focusing on mentoring a new generation of artists coming through.
Quincy was nominated for 80 Grammy Awards, winning 28 of them. He sold millions of albums as a solo artist and through his production and writing. He composed scores for over 30 films, including classics like āIn the Heat of the Nightā and āThe Color Purpleā.
His love for music and approach to life was a masterclass in creativity and collaboration, which will have a cultural impact that will live on forever.
Rest in peace, Quincy. š«
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Producers: Copyright law is the most important part of the music business to learn. In fact, itās what the music business is based on. Period. Full stop.
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@lescorrea @soundxyz_ @oohlala_xyz @loopprotocol @musicnftwomen @hyperymusic @opensea @audius @spickrecords @pixelverse_xyz @xyzvitaly Google form here, please help! docs.google.com/forms/d/e/1Fā¦
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Music fans want more than what streaming has to offer.
Something connective, immersive & collectible that's a deeper experience in the artist's world.
The door is wide open for new formats.
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More than 40% of your earnings are going away, how is that normalised? #musicindustry #nftmusic #musicrights #musica #MusicProduction #nft #hypery
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One thing Iāve been thinking a lot about how obvious it is that music is undervalued but yet how hard it is to unlock that excess spend on music.
Music is inherently undervalued because itās currently in a one size fits all business model.
The value will only be unlocked if the primary reason music lovers spend more is not patronage 1) People want value in return for their $$ 2) Artists & their music shouldn't be viewed as charity
Concert tickets are good example of this. The reason people spend more money on concerts is that people find inherent value in the experience of attending a concert and patronage to the artist is important but secondary.
We need to find that for music.
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If you focus on helping people rather than simply making moneyā¦
Youāll end up making a lot more money.
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Ever wondered why people collect music NFTs? šµ
@mattmedved breaks it down.
Watch the full episode: youtube.com/watch?v=oyBqvQEhā¦
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Great summer party with @MaerkiBaumann @ Lake Zug. I met a lot of interesting people & had great conversations. Web3 & the creator economy really seems 2 happen. The transition time is still 2 slow for my taste but itās going into the right direction š„š„š„ #creators #Web3Music
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The Beatles didnāt own the rights to their songs for 50 years
First because Sony acquired them early on
Then Michael Jackson himself outbid Paul McCartney and acquired them for himself (the audacity)
Only in 2016 Paul McCartney got his rights back
But Music NFTs are deadš
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Iāve been feeling a bit lost about music x crypto recently.
Maybe weāve been forcing something that doesnāt *need* a blockchain.
But Iām starting to see the 10yr planā¦
Music nfts
I still believe strongly in music nfts as collectors items.
Lots of people want to āownā music that's meaningful to them just like they own vinyl.
But I've been trying to zoom out and think even bigger.
Music as identity
The biggest opportunity for mainstream adoption is figuring out how to prove and express our music identity online.
Music is peopleās core personality (especially young people) and they are constantly looking for ways to express this.
The problem isā¦
Thereās no way to express our music identity online
In the real world you can wear a New Order t-shirt and walk into any cafe, school etc. and it says something about you.
This behaviour doesn't exist online.
Maybe you share your Spotify Wrapped once a year but thatās it.
We need a universal music identityā¦
I originally fell in love with music nfts for this reason.
It doesn't matter what platform I use, my nfts all in my wallet and I can take them around with me.
I've tried different ways to show them off (I even have a metaverse gallery for my music nfts ... lol) but we need more music-native identity layers ...
Bigger than that - we need new ways to capture music touchpoints beyond nfts:
-> Streaming, merch, fan clubs, tickets.
All time-stamped so thereās proof of how early you were.
This is how we go mainstream
I donāt think the average Billie Eilish fan cares about trading songs or artist coins.
But they DO care about their status as a Billie Eilish fan.
Who heard Ocean Eyes first, whoās been to the most gigs, who spent the most time on forums.
Uniquely solvable by blockchain
This is something that blockchains are uniquely positioned to solve because:
Composability, interoperability and open data.
If everything is onchain (fan clubs, tickets, streaming data, merch, nfts, social graphs) then we should be able to aggregate it all and create a āmusic identity online.ā
A real-time āSpotify Wrappedā but across every aspect of music.
You can't do that right now because every platform keeps its data on a centralized server.
Everything is downstream of thisā¦
If thereās onchain proof that Iām a HUGE Billie Eilish fan (bought multiple tickets, checked in at her Coachella stage, joined the fan club, listened early, went to her first shows) ā¦
Then maybe I automatically get first listen to her new single when I log onto my streaming service.
Maybe I get priority booking when tickets are released.
Maybe I get discount merch.
All automatically triggered when I connect my wallet.
This is a fucking HUGE project
Part of me feels exhausted at the thought of itā¦
These are massive incumbent industries with A LOT of power (Spotify, Live Nation etc.) that donāt want things to work like this.
We either have to rebuild them or create enough leverage and demand to convince them to build on open crypto rails.
This is a multi-decade, monumental effort.
But then again, so is rebuilding banks and defi, and isnāt that why weāre all here?
How do we do it?
Honestly ⦠not totally sure.
Iām spending a lot of time working on @OscillatorInc which is a music data protocol thinking about how to open this up.
Feels like a ridiculously ambitious and crazy plan.
Meanwhile, still buying music nfts. Still bringing music onchain.
Every day we add a little bit more leverage against the old system.
No idea if anyone is reading this far but this is where my head is at and maybe this stream of consciousness was useful, and would love people to pick holes in it. š«”

























