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Content
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chaim.eth pfp
chaim.eth
@chaim.eth
i still like the idea of Music NFTs u?
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Jack Spallone pfp
Jack Spallone
@jx
pre-release market for music. perfect PMF for NFTs, I think 2 wk fixed window where open edition is avail. At 2wks, mint is closed, song is released traditionally to DSPs want an early collectible? secondary. also, keep the media offchain. serve it to holders but don’t make it avail compatible, complementary
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Leo Simon pfp
Leo Simon
@leo5
and get royalties split for collectors
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chaim.eth pfp
chaim.eth
@chaim.eth
naw
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Jack Spallone pfp
Jack Spallone
@jx
collectors should collect for collecting, not earnings. definitely not royalties there is a place for speculation for sure though here. if only so many tokens are minted in the pre-release, surely they may rise in value if the song charts thereafter
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Leo Simon pfp
Leo Simon
@leo5
so fixed supply is okay but getting upside on dsp royalties ain't okay ?
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Jack Spallone pfp
Jack Spallone
@jx
supply isn’t fixed, timeframe is. that’s the thing—price elasticity of supply is determined by early interest, which is less arbitrary than a pre determined fixed supply
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Leo Simon pfp
Leo Simon
@leo5
Do you plan to provide other incentives than being early ? On paper, everyone would collect - but we've seen in the past two years that it's not really the case unfortunately
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Jack Spallone pfp
Jack Spallone
@jx
Value to fans: -discover new music -before it’s available / released -gain social status for curating -infinite potential for social experience to build on composable nature of this design Value to artists: -pre market revenue -chart on day 1 w “presales” via reporting to soundscan -customer not owned by app
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Leo Simon pfp
Leo Simon
@leo5
Composable experience & soundscan reporting are def great I get the other points in theory, but I'd say for a lot of genres you can already do it more easily on Soundcloud / Bandcamp / social medias
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