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SoundCrowd: Tokenizing & Collectivizing Soundcloud
If we tokenize Soundcloud, and transfer its governance to a network of token holders, it will represent the first of many seismic shifts towards collective ownership, and an historic victory for the decentralized cryptocurrency space over the prevalent, advertising driven, era of the web.
Mat Dryhurst • SoundCrowd: Tokenizing & Collectivizing Soundcloud
A platform like Soundcloud represents a perfect, relatively low risk, sandbox for experiments in cryptocurrency and tokenization. It would represent a way for beginners in the space to receive some tokens, and play around with them in order to familiarize themselves with this new logic of value exchange and growth.
Mat Dryhurst • SoundCrowd: Tokenizing & Collectivizing Soundcloud
What if that user base was steadfastly fixed to their own platform? If we could build a unified lobby of artists and fans, we would hold a much stronger hand in negotiation, and consequently may see more favorable deals negotiated in the use of sampled material and other roadblocks prior platforms have experienced. Legacy industry need association... See more
Mat Dryhurst • SoundCrowd: Tokenizing & Collectivizing Soundcloud
Close.
The top 1% of musicians now make ~77% of revenue in music. Many factions of the independent musical infrastructure have become closer and closer aligned with corporate interests and advertising supported journalistic models in order to keep their head just slightly above water, and are in danger of losing their distinction and identity as a result.