Mags
@mags
Stuff I've changed my opinion on recently: - Conferences ⬇️ - Music NFTs ⬇️ - Total potential of web3 in music ⬆️ - Email marketing ⬆️ - Tokenized loyalty adoption ⬇️
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timdaub
@timdaub.eth
why music NfTs down?
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Mags
@mags
True music fans haven’t taken to music NFT collecting in a way many of us hypothesized— the market is primarily driven by degen speculators who happen to also like music. Meanwhile I really thought it would bring many new people to the space the way NBA Top Shot did with sports fans
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fredwilson
@fredwilson.eth
I agree. Something is off with the current web3 music offerings. I'm curious what you think the unlock will be
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Mags
@mags
I underappreciated the psychographic diff between sports & music fans wrt: financialization—sports fans are used to it (gambling) while music fans are not (but there’s some philanthropic mindset) I keep thinking there’s oppty in discovery/funding for up&comers that comes with a “I liked them before they were b
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Lior
@lior
Its just a matter of time and i believe in 1-2 years time we will see compliant music nft with royalties distribution embedded, which opens up the experience to be much more compelling for collectors - not only pure flipping, rather becoming a rewarded fab base
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Daniel Tenner (swombat.eth)
@swombat
As a music listener/fan I have little interest in that though. I want to easily support the artists I love. I don't care about getting a portion of their mostly non-existent royalties.
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Lior
@lior
And that's totally fine! But think of the opportunities that open up for those that love the artist + can help him succeed + know they are going to have a part of his/her success if they did?
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