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Coop
@coopahtroopa.eth
Music NFTs failed because the hype did not meet reality. Collecting music needs to be free and accessible at scale. It's not realistic for every artist to promise tickets, merch + meet and greets. Or for songs to be sold for thousands of dollars at scale. Music NFTs walked so $1 open editions could run.
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Catch0x22
@catch0x22.eth
I think some kind of soundcloud/dex thing could maybe work. Up n comers and established independent artists upload whatever as NFT and let ppl speculate. I definitely think the mental gap of free accessibility vs. limited items is the main issue for artists. The best artists are not good business ppl in their early careers usually and are just trying to express themselves. I think the interest is there tho, it's just a matter of time before it's normal to rap about holding crypto and trading shitcoins etc.
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Coop
@coopahtroopa.eth
Yeah totally agreed on the sweet spot being something in between Soundcloud and a DEX. There are a few projects playing around with more fungible tokens/bonding curve based models I'm keeping a close eye on. The reality is the way we get most new artists on now is removing any notion of speculation or utility - it's just another ordinary income stream for them. My biggest fear with adding a lot of volatility into the mix is that the stakes become too high for artists to be down to experiment at scale. IMO $1 editions with a rebate + some points back is a healthy starting point for emerging artists to feel comfortable dipping their toes in (and what's worked for us)
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Catch0x22
@catch0x22.eth
Great points, I appreciate the response 🙏 I think you'll crack the formula. Points would be cool, allowing the system to be managed as things change. Could also be a similar thing with warpcast in that the stars need to be born and not "on boarded" Hmm i wonder if allowing with some moderation the ability for anons to upload audio/video from anywhere would be based. Could lead to first hand podcasts/interviews from places that have become inaccessible due to instability and allow ppl to have a voice.
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Filipe | surfas0x
@surfas0x.eth
Provocative thought: why even saying their NFTs? They should be NFTs, but no need to explicitly calling them. Majority of fans might not even care. Only some do. Bandcamp already have a small payment mechanism ($1 or give what you want), and a feeling of collectability without ever using the word NFTs. And that attracts a lot of independent fans and artists. But Bandcamp is an old generation tool, with very low engagement mechanisms, no community building, and zero gamification. The opportunity is there I think.
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