kia
@kia.eth
bandcamp is such an underutilized asset can we ICO raise $300mm to buy it pls
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✿ ZACH HARRIS ✿
@zachharris.eth
@kia.eth one could argue sound.xyz is a better near term nano private equity opportunity - currently in maintenance mode - bandcamp / soundcloud ngmi in ownership economy imo
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Garrett
@garrett
lol no distribution is valuable and both soundcloud/bandcamp have that with a large number of artists sound is just a piece of tech without any valuable distribution or awareness with artists
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kia
@kia.eth
yeah i couldn't disagree more @zachharris.eth Garrett's got it bandcamp has - 100s of thousands of DAUs - 100s of thousands of artists - ~$200mm of volume on a two sided market if sound had those it would be crypto's poster child no crypto app has those and that's crypto's principal problem idk what sound has that can't be built by 5 people in 6 months (don't mean to belittle or be demeaning and hope it doesn't come off like that)
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✿ ZACH HARRIS ✿
@zachharris.eth
imo both are overvalued assets inspite their large distribution footprint - largely because the music world makes a lotta money on asymmetrical value exchange btw platforms and artists - indie distribution doesn’t seem like much of an edge anymore both companies have had massive financial struggles due to unsound business models https://www.perplexity.ai/search/5a814eb9-4ed0-4cac-9bf0-3b297fde1464
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