The #NFT I posted will be (must be, by design) 1 of 1. What you own: the file (art?) I uploaded on the zora.co platform. I can’t upload that file again. You don’t own the “song” or “master” or “copyright,” but you own the file. For example,
(1/4)
if I write an original lyric on a piece of paper, I own that lyric. If you buy that piece of paper, you own that paper. And it is one-of-a-kind. In this case, you get a certificate of authenticity via blockchain that you are the sole owner. (Experts, did i get it right?)
(2/4)
Creators who have been commodified by platforms forever.
Here, the value of your work/art/idea is defined by the market. This NFT started at $0. Apparently, people think this creation is worth a lot more.
(3/4)
For those wondering what we’re talking about. More to come...

zora.co/mike/337

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More from @mikeshinoda

6 Feb
#NFT update. Someone bid $10k USD on my piece (thanks!). And some folks are still confused about what this is. The short answer: an experiment. (more below)
It works like an auction; the value is determined by the bidders. At the end, one person gets the NFT. Think of it like like owning a 1 of a kind item in a game, or like “owning” an instagram post. It’s a weird thing to own, yes, but:
(more)
Here’s the crazy thing. Even if I upload the full version of the contained song to DSPs worldwide (which I can still do), i would never get even close to $10k, after fees by DSPs, label, marketing, etc.
(more)
Read 6 tweets
18 Jan
Some thoughts for people thinking of participating in #ShinodaProduceMe — or just writing songs in general (thread)
First, regarding #ShinodaProduceMe: This project is for new / aspiring songwriters and singers. No covers, no instrumentals please. OK, now for some tips:
No matter what your process is, make sure your fundamentals are strong: chords, melodies, and lyrics (singing) or flow, delivery, and lyrics (rapping). Those are the song. Without those, there’s nothing to build on.
Read 10 tweets

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