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Ghostlinkz
@ghostlinkz.eth
We often criticize Spotify for not caring enough about artists, but it seems like web3 platforms might care even less https://x.com/ImanEurope/status/1813366973797126181
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sea.well
@sea
There are crooks on both sides. A lot of these problems lead back to psychology. Fans are used to convenience of unlimited music for $10/month. Artists are “used to”fractions of pennies per stream. Until there is a long-lived movement around a specific product, or a boycott by headlining artists, the streaming model will be extremely difficult to uproot. Though, I am personally excited for when it finally happens.
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Ghostlinkz
@ghostlinkz.eth
The internet and affordable hardware has significantly lowered the barriers to music creation, reducing the leverage held by record labels. However, the challenge remains in distribution. New artists can't afford to miss out on platforms like Spotify or YouTube, where most fans are. With better tools, artists should be able to build stronger relationships with their superfans in ways that Spotify and YouTube don't allow. If emerging artists who gain popularity start distributing exclusive content directly to fans and collectors (content that isn't available on Spotify or YouTube), the influence of these platforms and record labels will gradually diminish. It's the existing catalog that has conditioned us to rely on them
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sea.well
@sea
Yes, time is in favor of the artists here. I will say, I don’t think streaming + audio oriented nfts should be a priority. Unfortunately, like you mentioned, upcoming artists don’t currently have that luxury and must distribute through established streaming platforms. I don’t know if blockchain is a good option for exclusive content or not. I can access and listen to every single music nft (without spending money) right now. My expectation is that the tipping point will resemble widespread industry consensus of “streaming bad, purchasing good”
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Ghostlinkz
@ghostlinkz.eth
I like the idea of purchasing and ownership making a comeback, but what exactly are you buying? If it’s an mp3, someone can easily share it for free with others after purchasing. Tokenizing the rights to the music sounds more like true ownership, but then it’s tricky to track and distribute earnings because the music doesn’t live exclusively on a decentralized blockchain
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sea.well
@sea
Of course this will take some time, and precursor protocols, but I guess it’d look something like purchasing listening rights? Public ledger could potentially help crack down on napster-like file sharing, but the idea of audio nft policing isn’t necessarily attractive. I believe it’s right to avoid allocating slivers of ownership, as artists have endured enough of those games.
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