🎵 Music NFTs: 10,000,000 Streams = 1 NFT, True Fans, Music Royalties

Welcome to the 319 new entrepreneurs who joined last week. Hey there, Welcome to the 319 new entrepreneurs who joined last week. Congrats to [SRL]( and [manicato]( for becoming Lifetime Trends Pro Members by collecting MetaTrends #0084 and #0085 NFTs. 🎵 Lets talk about Music NFTs. Thanks to [Cherie Hu](, [JAWAN.mp3](, [Lyrah](, [Azeem Khan](, [Candace Stewart](, [Stefan von Imhof](, [Asher Fishman](, [Arslane](, [Bogusz Pękalski](, [Maciej Cupial]( and [Omari Harebin](. We had a great time jamming on this report. [Devin]( researched and wrote this report. [Dru]( researched and edited this report. What you'll learn: - What are "headless" artists? - Which CryptoPunk rapper earned $200,000 in 60 seconds? - What tools exist to help artists create, sell and manage Music NFTs? - What's an example of a token-gated experience built by a musician? - How are artists building experiences for their fans in the metaverse? - What do Music NFTs grant you ownership to? - How to align yourself with the success of your favorite artists? This report is brought to you by [Important, Not Important](… In 1986, mathematician Richard Hammer wandered over to the chemistry table in the legendary Bell Labs lunch room and asked: “What are the most important problems in your field?” The next week he asked the same crew, “What important problems are you working on?” And the next week he asked them one last time, “If what you are doing is not important, and if you don’t think it is going to lead to something important, why are you at Bell Labs working on it?” There’s never been a better time to work on the world’s hardest problems, whether you’re a founder, VC, nurse, policymaker, epidemiologist, or wind turbine tech. Enter the Important, Not Important newsletter. We curate vital science news, add contextual analysis, and give you data-driven Action Steps to drive transformational change across your company, and the world. From climate impacts to clean energy, AI ethics to antibiotics, food & water to COVID, you’ll be ahead of the game right when it matters the most. Once a week. 10 minutes or less. 👉 Get it for free at [newsletter.importantnotnotimportant.com](  Music NFTs]( “I made more income from one NFT drop than my 15 year career as a musician.” — RAC 💎 Why It Matters You can align yourself with the success of your favorite artists. 🔍 Problem Indie artists have few ways to monetize. - Streams pay roughly [$0.004 each](. An immaterial amount unless you’re a large artist. - Live performances take time, relatively large fan bases, planning and coordination. - Music licensing deals (movies, tv shows, video games) are few and far between. - Merch sales depend on building high-affinity relationships with lots of fans. - Brand deals may be limited to well-known artists. 💡 Solution Music NFTs help artists create without compromise. With help from superfans. [Latasha]( sold [“GoGo Wyne”]( for 13.4207 ETH (≈ $41,000) to [Jesse Grushack](. This is equivalent to 10,000,000+ streams. ​​🏁 Players Music NFTs - ["GoGo Wyne."]( by [Latasha]( • Independent Artist using [Zora]( • Sold for 13.4207 WETH - ["The Future Experience"]( by [Lyrah]( • Indie Artist using [Foundation]( • Sold for 0.27 ETH - “[NLM](” by [Devin Tracy]( • [Soulection]( Artist using [Catalog]( • Sold for 0.7 ETH - ["Too Close"]( by [Daniel Allan]( • Indie Artist using [Opensea]( • Sold for 0.99 ETH - ["Ford or A Hemi"]( by [Supa Bwe]( • Indie Artist using [Catalog]( • Reserved for 1 ETH - ["Barely Situated"]( by [Abjo]( • Indie Producer using [Opensea]( • Listed for 0.69 ETH - ["Commitment"]( by [Iman Europe]( • [Sweet Soul Records]( Artist using [Opensea]( • Sold for 0.27 ETH Music NFT Platforms - [Foundation]( • Web3 Platform for Creators and Collectors - [Audius]( • Music Streaming Service - [Zora]( • Protocol to Buy, Sell and Curate NFTs - [Catalog]( • Digital Record Shop - [Mint Songs]( • Music NFT Marketplace - [Royal]( • Music NFT Marketplace - [Opulus]( • Music Copyright NFT Platform - [Enter]( • Visual and Audio NFT Marketplace - [Sound]( • Collect Music NFTs - [Power]( • Web3 Music Platform Music NFT Communities - [Water & Music]( • Research DAO for Music & Tech - [ModaDAO]( • Web3 Music Community - [Chill Pill]( • Decentralized Music Community  🔮 Predictions - Music NFTs will be released from “headless” artists. - [Universal Music]( and [BAYC]( launched [10:22pm]( with [KINGSHIP]( as their [first signee](. - [Cryptoadz.show]( is an NFT rap duo created by [Super Tight Woody]( to build a community [through animated shows](. - [Mig Mora]( created the first CryptoPunk rapper named “[Spottie Wifi](” and [made $200,000 in 60 seconds](. - [Non-Fungible Albums]( is a collection of 50 Cassettes and CDs created by fictional musicians from the 80s and 90s. - Speculators will use [chain analysis]( to decide which Music NFTs to buy. - Tools like [Dune.xyz]( will aid in research. - [Sound’s dashboard]( on [Dune.xyz]( is an example. - [Soundpickr]( shows detailed revenue data for investing. - Music NFTs will lead to a new category of music revenue reporting. The current model looks at streaming, digital downloads, physical sales and [syncs](. - [Grimes](’ album sold [19,000 in a week](. But her NFTs made [$6,000,000 in 1 day](. - [Kings of Leon]( made [$2,000,000 in 2 weeks]( from an NFT album.  ☁️ Opportunities - Build tools to help artists create, sell and manage Music NFTs. - [PartyBid]( lets fans pool funds to buy NFTs. - [Zora]( helps creatives auction [film, music videos and more](. - [Sound]( helps artists [build sustainable careers through Music NFTs](. - [SHARE]( aims to help artists set “micropayment” prices for access to records. - [CreateOS]( gives artists and fans [user-friendly visual agreements]( for Music NFTs. - Build [token-gated experiences](. [RAC]( grants access to music to [token holders](. - 1337 [$RAC]( are required to listen to “YOU Ambient 60m” - 50 [$RAC]( are required to listen to “Your Love” and “Legend of Zora” - Explore Music NFT onboarding and education resources. - [Water & Music]( is a [one-stop shop for research]( on music and technology. - [NFT Now]( has a section dedicated to [music and NFTs](. - [Zora]( walks creators through the [minting]( process. - [STOI]( aims to make [splitting shares]( easier. - Build audio, visual and in-person experiences. - [Sound]( hosts [launch parties]( for new releases. - [Steve Aoki]( hosted a [concert]( for [AOK1VERSE]( members. - [Sigurros]( is offering an NFT and free entry to [new community members](. - [Lyrah](’s “[The Future Experience](” gives owners 5% of streaming royalties and a chance to collaborate on a future record.  🏔️ Risks - Legal or Lit? • Platforms make onboarding faster and easier. Be careful to avoid [legal hiccups](. - Choosing Chains • There are trade offs to consider when choosing which chain to use. What’s more important to you? [Security or transaction costs](? 🔑 Key Lessons - Fans will support artists regardless of the model. Nipsey Hussle [sold 1,000 copies of Crenshaw for $100]( in 1 night. - Artists must understand the business of music and the creation of music to retain artistic freedom. - NFTs do not prevent others from enjoying art. The more they enjoy it, the more valuable ownership becomes. This resembles a patronage model.  🔥 Hot Takes - Fans will use Music NFTs as “proof of discovery.” A symbol to show how early they were to (and how much they) support their favorite artists. - Unofficial fan clubs will emerge around Music NFTs. Owners will use tools like [Guild]( to meet others who have skin in the game. See [Tesla car clubs](. 😠Haters “I can listen to music without buying NFTs.” Sure. If you want more, Music NFTs offer unique experiences. Direct relationships with artists, early access to future drops and access to communities with other true fans. “NFTs mean more hassle for musicians.”Managing your career as an independent artist means more “hassle” and ownership. There’s no free lunch. Commitment to continued growth is a prerequisite for creative freedom. “I don’t understand the value of Music NFTs. Do they give me royalties?”There are [patronage models and ownership models](. Platforms like [Royal]( focus on royalties. Music NFTs may prove to be more valuable as collectibles than financial instruments. 🔗 Links - [Who should I talk to about Music NFTs?]( • The tweet behind this report. - [1,000 True Fans]( • An essay on superfans. - [Why Do NFTs Matter for Music?]( • A think piece on Music NFTs. 📂 Related Reports - [The Creator Economy]( • More musicians are opting out of “The Industry.” - [NFTs]( • There are several types of NFTs. - [Alternative Assets]( • Music NFTs may hold financial upside for artists and fans. - [Build in Public]( • Bring fans on the journey with you. - [Paid Communities]( • NFT ownership grants you access to “paid” communities. What else? [Trends PRO #0085 — Music NFTs]( has more insights. What you’ll get: - 17 Music NFTs (142% More) - 21 Music NFT Platforms (110% More) - 6 Music NFT Communities (100% More) - 7 Predictions (133% More) - 10 Opportunities (150% More) - 4 Hot Takes (100% More) - 10 Links (233% More) With Trends Pro you'll learn: - (📈 Pro) Which artist made $11,700,000 from a Music NFT? - (📈 Pro) What are Soulbound NFTs? - (📈 Pro) How to calculate the costs and benefits of record deals? - (📈 Pro) Which company wants to become Shopify for NFTs? - (📈 Pro) How do artists gamify Music NFT releases? - (📈 Pro) What are examples of tickets as NFTs? - (📈 Pro) How to manage and split royalties? - And much more... Unlock Trends Pro ✅ Access All Trends Pro Reports ✅ Stay Accountable with Daily Standups ✅ Meet Curious Entrepreneurs in Weekly Meetups ✅ Discuss Reports with Domain Experts ✅ Collaborate on Upcoming Reports [Become A Trends Pro Member]( To sign up for Trends Pro, [click here](. To get insights on Twitter, [click here](. To sponsor a report, [click here](. 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