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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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FREAK
@djfreak.eth
I absolutely agree with what you say. NFT business models existed in Japan where artists were promised tickets, merchandise and meetings, but all of them failed. Similarly, selling music for a few thousand dollars limits music to a limited space, eliminates network effects, and kills the power of music.
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Coop
@coopahtroopa.eth
I feel like its in the healthiest place its been. It's going to take a lot of rewiring of expectations and time to really manifest but I feel more confident in the foundation now more than ever! 1000 $DEGEN
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FREAK
@djfreak.eth
probably, as you say, will take time, but I'm bullish and excited about the future Cooper and the artists are creating!!
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