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Thanks to Twitter, I see a of mentions about web3 and the Blockchain and how the future is very bright for creators! To be honest, most of what I've read is very idealized and lacks anything remotely practical in terms of how creators are going to control their income. It's early days I suppose but it mostly feels like smoke and mirrors at this point.
The counterpoint to that is something like Sound.XYZ, a combination community and blockchain / NFT space. They are offering an honest practical example of how a musician could engage with an audience using NFTs - through song premieres and listening parties. They even gameify it a little bit and add a "Golden Egg" at a given timestamp of a song that would upgrade your purchase and give you some bonus artwork.
The writeup for the whole thing speaks primarily to the creators and how they can benefit from the product, not so much why a fan would want to spend their money in the ecosystem (beyond the potential bonus art and standard NFT investment).
I can't say that I'm anymore convinced about web3 and blockchain or where folks predict things are going but I've been internally complaining about a lack of practical examples, so seeing an actual practical example felt worth pointing out.
The counterpoint to that is something like Sound.XYZ, a combination community and blockchain / NFT space. They are offering an honest practical example of how a musician could engage with an audience using NFTs - through song premieres and listening parties. They even gameify it a little bit and add a "Golden Egg" at a given timestamp of a song that would upgrade your purchase and give you some bonus artwork.
The writeup for the whole thing speaks primarily to the creators and how they can benefit from the product, not so much why a fan would want to spend their money in the ecosystem (beyond the potential bonus art and standard NFT investment).
I can't say that I'm anymore convinced about web3 and blockchain or where folks predict things are going but I've been internally complaining about a lack of practical examples, so seeing an actual practical example felt worth pointing out.
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