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Coop
@coopahtroopa.eth
Biggest thing holding onchain music back (and music in general) is anytime someone tries something new people find ways to shoot it down because it doesn't directly benefit them. There's such a scarcity mentality around music that it's no surprise most people don't consider it to have value.
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Treats
@treats
Biggest hurdle to me is the lack of a flywheel. Why in gods name would I pay for a song collectible if I could just listen to it instead?
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Shami
@minahil260
Sir coop what is reason i reply much warpcast user but they not reply me
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Akhil
@akhil-bvs
My learnings on collecting Music NFTs: - Collecting is more just 'listening' - Is not for passive fans - Way of supporting artists you like - Enables artists to foster intimate fan communities (Rarely happens in Web2) - For hard-core fans, interacting with artists is invaluable.
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nick.base.eth
@nickprince.eth
would you characterize dealing with gas as a friction point for artists and/or collectors?
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Domino
@dominosmusic
tryna change this narrative deeply. abundance mindset only.
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alvaro delgado
@imalvarodelgado
It's unbelievable how the music industry is both on the edge and immovable/traditional at the same time. New ways will always be perceived as threats, but I believe adding incentives for adoption is a win-win for onchain music. And a clear path for adoption and good reputation overall!
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dav
@dav
Conditioning of 100 years of devaluation We'll break free IP not helping either 😅
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Erik
@eriklarsson.eth
I dunno if people will value to like earlier. David Bowie nailed it several years ago.
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Monist 🎩🏳️‍🌈🫂
@monistmusic.eth
I don't quite follow the scarcity bit. I had thought people don't consider music to have value because it's been commoditized to the point that albums full of short music suitable for reels is all anyone cares about anymore?
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Gordo
@gordo
The scarcity play does not work with music. We yet need the proper web3 music vehicle.
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0xbhaisaab
@0xbhaisaab
I have been passively learning more about the industry and understand if there is an opportunity to setup a more b2b licensing architecture. With @drakula, I am getting more optimistic on it.
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Desh Saxena
@deshps16
The other issue with Music is that art doesn't really have a significant spotify/SoundCloud equivalent already. So with music we are competing with pretty much free streaming everywhere- which sucks for the musician, but great for the consumer. Unless you are Taylor swift, you make nothing as a musician via streaming.
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Desh Saxena
@deshps16
I reckon the issue with music so far that I've found is that there is no value in owning the music, listening to it for free serves the purpose - perhaps innovating in some way ie opening nfts up for sampling serves a utility
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NationofDegeneration🎩🌿
@tanwenbrantley
People have become so accustomed to free music that they have a hard time seeing value in it. Been a huge influx of music hitting being released due to the lower barrier of entry, flooding the market...larger supply, more options=cheaper price. The average person unfortunately does not care about supporting artists
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jon
@sweetleaf.eth
It almost feels like the opposite of a scarcity mentality in the age of streaming. People think there's so much music out there, that how could one song, in this day and age be worth paying for. These people don't understand onchain ownership of art.
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