The old shit doesn't work anymore

This decision-making around how to price digitally scarce music and art illuminated to me that in a commodified streaming economy, most musicians don’t have the ability to set the price of their own creative output in the first place, and may be leaving money on the table in the process.

Record labels are digging their own grave. They finally have achieved their dream—which is to make money while doing as little work as possible. But the end result is a world in which they add so little value that no successful musician will want them any longer.

You bought an album, it was a bundled product. Back in the days, singles weren't even a big part of the business. So, you had to buy 12, 15 songs from an artist in an album format. You had to pay upfront for the perpetual use of that and every incremental piece of music you bought cost you money. You had to have this high threshold for wanting to c... See more

"I believe that in the near future that we will go from Record Labels being your majority partner, to fans becoming your minority partner "

The idea that a song should cost $1 was completely arbitrary — a way to quantify music that felt, to use his word, "digestible." ‍The advent of web3 presents an opportunity for alternatives that exist outside of this imaginary stranglehold but, in order to start thinking about music outside of our current model, we need to start thinking about the ... See more