Are Music NFTs the Future? with M Shadows | Overpriced JPEGs #14

Takeaway notes:  - Build out your collector base by getting involved in web3, ask questions - see how you can help people. - Music NFTs needs more experience/exposure on secondary markets. - We need new ways to consume Music NFTs ( example: when Music NFT is purchased, how will I consume it? ) - " Mint Season 4 episode 22 w... See more

Timestamps:  00:00 - Intro03:56 - Music Projects Dominating The Space07:08 - How to Price a Music NFT 11:17 - Why Treat Music NFTs as Collectibles14:18 - How to Get Started as a Music Creator15:34 - Understanding the Music NFT Movement21:26 - Web3 Protocols in the Music Industry24:58 - Getting Started at Audius28:18 - Building Funnels to Grow ... See more

On the opportunity side, NFTs could unlock special album incentives. You could get access to certain live stream. You can get limited edition albums. That's an interesting kind idea of incremental revenue for these players, but a key role for, as we've talked about, for these labels, is also this VC element to it. Imagine if I was a mid-tier artist... See more

Last month, in a test of concept, Royal and DJ 3LAU gave away digital assets representing 50% streaming ownership in 3Lau’s latest single. Within the first two weeks, the song reached a value of over $6 million. It’s early, but this illustrates that the market values music rights and connections to artists in a way that centralized platforms can’t ... See more

So let's use video because I just think it's a great example. If you think about music and how you consume music, you actually consume catalog product a lot. I certainly do. And I think most consumers do. Songs that I've listened to once, I will listen to again and again, and again, at some point. With video, that's less the case. Once I watch seas... See more

Arman: Prior to this industry, prior to 2000, when Napster and the ripping services emerged, it was an interesting model for this business. You had a few dominant, large labels that controlled every aspect of music from the discovery of the talent, to the producing of the songs, to the recording of the songs, because they own the studios because it... See more