Some big players like @Metakovan and @WhaleShark_Pro have fractionalized their NFT collections so others can own a small, collective part of the vault.
You can do this on platforms like @NIFTEX and @NFT20.
19. Metaverse community and governance
We have a responsibility to build the metaverse better than the world we live in.
DAOs have the potential for fairer, grassroots community governance.
I’ve recently been more hands-on helping musicians with NFT drops.
It’s opened my eyes a lot and given me extra respect for artists that I collect from.
Strangely the closest comparison for me is gig tickets.
Some random thoughts …
When you’re an artist trying to sell tickets, there’s a lot to consider:
-> what size venue can you fill?
-> how many true fans care enough to buy tickets?
-> what price point is right for your fanbase?
-> how will you promote the shows?
These same questions come up when you’re planning an NFT drop
-> what size supply should you set?
-> what price will collectors pay?
-> how many fans / collectors care enough to buy?
-> how should we promote it?
The only sustainable "breakout moment" for music nfts will come from independent artists.
This thread is the closest thing to my full thesis for Web3 music and how it might (eventually) disrupt the music industry.
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Total caveat that this is just my opinion.
I'm wrong all the time, in music and crypto, and I change my mind often.
But right now this is how I see it playing out (and why I spend all my time in the independent scene).
Let me know how you see it.
tl;dr 📝
🔶 PART 1. HISTORICAL CONTEXT
• Independent music starts every cultural trend (hip hop, punk, dance).
• Born from rebellious desire for change from status quo.
• Accelerated by new tech (CDs, Soundcloud, Web3?)