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makemake
@makemake
i genuenly do not understand sound.xyz is for like ok, streaming services are predatory and pay artists peanuts, but is a new streaming service thats on-chain really going to fix that?
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NFT_Drew
@nftdreww
Not until major artist start boycotting Apple Music, Spotify, and others
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makemake
@makemake
but why go to sound?
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NFT_Drew
@nftdreww
t’s an easy platform to use that takes a 10% cut or less & all the $$$ goes to the actually artist. Versus 30% to label, and 50% to others and usually only 10-20% to artist. I’ve worked with a popular musician who launched a music NFT & they have made more money from that then 5 years of streaming
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makemake
@makemake
i mean thats fair but i dont see a world where music nfts are long term sustainable. spotify and the likes have such a stranglehold and can kill sounds entire moat with a single parameter change
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mikestjean
@mikestjean
If you’re with a label you’ll likely still owe the 30% label, management etc. onchain, vault.fm etc, any good label or management contract (from their perspective) won’t let an artist reroute their income via new paths just because… That being said there are plenty other reasons Sound & all are great.
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cryptorastas
@cryptorastas
cool, but u just spoke about the artist side. the answer should include the fan/collector side too ;-)
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