Trends PRO #0085 – Music NFTs

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Music NFTs The new model will allow for music revenue reporting to be expanded. The current model considers streaming, digital downloads and physical sales.

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Trends PRO #0085 – Music NFTs

Why it Matters
You can support the success of your favorite musicians.

 Problem
There are few options for monetizing the work of independent artists.

Streams earn approximately $0.004 per stream. An immaterial amount unless you’re a large artist.
Live performances require planning, coordination, and time.
Music There are very few licensing deals for movies, tv shows and video games.
Building high-quality products is key to selling merchandise-Many fans can form affinity relationships.
Brand deals could be limited.-Recognized artists

 Solution
Music NFTs Artists can create without compromise. With the help of superfans.

Latasha sold “GoGo Wyne” for 13.4207 ETH (≈ $41,000) to Jesse Grushack.

This is equivalent of 10,000,000+ streams.

 Players
Music NFTs

“GoGo Wyne.” by Latasha • Independent Artist using Zora • Sold for 13.4207 WETH
“The Future Experience” by Lyrah • Indie Artist using Foundation • Sold for 0.27 ETH
“NLM” by Devin Tracy • Soulection Artist using Catalog • Sold for 0.7 ETH
“Too Close” by Daniel Allan • Indie Artist using Opensea • Sold for 0.99 ETH
“Ford or A Hemi” by Supa Bwe • Indie Artist using Catalog • Reserved for 1 ETH
“Barely Situated” by Abjo • Indie Producer using Opensea • Listed for 0.69 ETH
“Commitment” by Iman Europe • Sweet Soul Records Artist using Opensea • Sold for 0.27 ETH
Music NFT Platforms

Foundation • Web3 Platform for Creators and Collectors
Audius • Music Streaming Service
Zora • Protocol to Buy, Sell and Curate NFTs
Catalog • Digital Record Shop
Mint Songs • Music NFT Marketplace
Royal • Music NFT Marketplace
Opulus • Music Copyright NFT Platform
Enter • Visual and Audio NFT Marketplace
Sound • Collect Music NFTs
Power • Web3 Music Platform
Music NFT Communities

Water & Music • Research DAO for Music & Tech
ModaDAO • Web3 Music Community
Chill Pill • Decentralized Music Community

 Predictions
Music NFTs The release date is “headless” artists.
Universal Music BAYC launched at 10:22pm with KINGSHIP signing as their first signee.
Cryptoadz.show, an NFT rap duo, was created by Super Tight Woody in order to create a community through animated programs.
Mig Mora is the CryptoPunk’s first rapper. “Spottie Wifi” In 60 seconds, he made $200,000
Non-Fungible albums is a collection that includes 50 cassettes and CDs made by fictional musicians in the 80s and 1990s.
Speculators will use chain analyses to determine which stocks to invest in. Music NFTs To buy.
Research tools such as Dune.xyz can be helpful.
Sound’s dashboard on Dune.xyz is an example.
Soundpickr shows detailed revenue data for investing.
Music NFTs The new music revenue reporting category will be created. The current model considers streaming, digital downloads and physical sales.
Grimes’ album sold 19,000 in a week. But her NFTs $6,000,000 in one day
Kings of Leon earned $2,000,000 in two weeks from an NFT album.

 Opportunities
Create tools that artists can use to manage, sell and create their products Music NFTs.
PartyBid allows partygoers to pool their funds in order to purchase NFTs.
Zora supports creatives by helping them to auction music videos, film and other media.
Artists have a way to build a long-lasting career with sound Music NFTs.
SHARE is a platform that helps artists create. “micropayment” Prices for access to records
CreateOS allows artists and fans to use their favorite software-For friendly visual agreements Music NFTs.
Create a token-Experiences that are restricted. Token holders are granted access to music by RAC.
To listen to 1337 $RAC, “YOU Ambient 60m”
To listen to the music, you will need 50 $RAC “Your Love” And “Legend of Zora”
Explore Music NFT Onboarding and Education Resources
Water & Music One-Stop by our shop to find out more about music and technology.
NFT now has a section dedicated music and NFTs.
Zora guides creators through the minting process.
STOI’s goal is to make it easier for you to split your shares.
Audio, visual and digital in-person experiences.
Sound hosts host parties to launch new releases.
Steve Aoki hosted an AOK1VERSE member concert.
Sigurros will offer a NFT and free entry for new members to the community.
Lyrah’s “The Future Experience” Owners receive 5% in streaming royalty payments and the opportunity to collaborate on a future recording.

 There are risks
What is legal or lit? • Platforms make onboarding faster and easier. Avoid legal hiccups.
Choosing Chains • There are trade offs to consider when choosing which chain to use. What’s more important to you? What is more important? Security or transaction costs

 Key Lessons
No matter what model, fans will support artists. Nipsey Hussle sold 1,000 copies Crenshaws for $100 in one night.
To maintain artistic freedom, musicians must have a solid understanding of the business of music creation.
NFTs Do not stop others from enjoying art. It is more enjoyable for them to enjoy it than ownership. This model is similar to a patronage model.

 Hot Takes
Fans will use Music NFTs As “proof of discovery.” A symbol to indicate how early they were to support their favorite artists (and how much).
Unofficial fan clubs may form around Music NFTs. Guild is a tool that allows owners to connect with other players who are interested in joining the game. See Tesla car clubs.

Links
Who should I contact? Music NFTs? • The tweet behind this report.
1,000 True Fans • An essay on superfans.
What are you waiting for? NFTs Matter for Music? •A think piece on Music NFTs.

 Similar Reports
The Creator Economy • More musicians are opting out of “The Industry.”
NFTs • There are several types of NFTs.
Alternative Assets • Music NFTs Artists and fans may have financial upside
Build in Public • Bring fans on the journey with you.
Paid Communities • NFT ownership grants you access to “paid” communities.

 Many thanks
Thanks Cherie Hu, JAWAN.mp3, Lyrah, Azeem Khan, Candace Stewart, Stefan von Imhof, Asher Fishman, Arslane, Bogusz Pękalski, Maciej Cupial and Omari Harebin. We had a lot fun jamming out on this report.

 Devin researched the report and wrote it. Dru researched the report and edited it.

 You can also read more
Trends PRO #0085 — Music NFTs Get more information.

What you’ll get:

17 Music NFTs (142% More)
21 Music NFT Platforms (110% Additional)
6 Music NFT Communities (100% more)
7 Predictions (133% more)
10 Opportunities (150% More)
4 Hot Takes (100% more)
10 Links (233% Additional)
With Trends Pro you’ll learn:

(Pro) What artist earned $11,700,000. Music NFT?
(Pro) What are Soulbound NFTs?
(Pro) How do you calculate the benefits and costs of record deals?
(Pro) What company would like to be Shopify? NFTs?
( Pro) How do artists gamify Music Are there any NFT releases?
(Pro) What are some examples of tickets? NFTs?
(Pro) How do you manage and split royalties?
And much more…

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