Music / 40 posts found
Kanye West Files Web3 Applications for His Yeezus Label
Both hip-hop and fashion industries have been at the forefront from the very start of the massive web3 transformation. However, the renowned celebrity Kanye West, a prominent representative of both areas, has been showing no interest in the global trend, until now. Even back in January 2022, he posted a handwritten note on his Instagram saying: “Do not ask me to do a f*cking NFT” (he added, “Ask me later”). But, according to released documents Kanye West is not that much against NFTs and other web3 initiatives. On the contrary, he’s about to get into some. Thus, on May 27th, […]
The Musician’s Guide to NFTs: Everything You Need to Know
Being a creator in the NFT ecosystem is daunting, especially when you’re just getting started. Although a firm understanding of non-fungible tokens (NFTs) and blockchain technology can certainly help artists succeed, those are tiny pieces of a much larger puzzle. There are also things like pricing, copyright, and community building to consider — and that’s just the beginning of the list. Sadly, there’s no comprehensive roadmap that can guide musicians through the entire NFT process. And as the ecosystem continues to grow and evolve, things are only getting worse. This guide to music NFTs is intended to answer this need. […]
What Do You Call a Headless 77-Person Web3 Band?
You call it Chaos of course. Camp Chaos. This is the name of the latest project from SongCamp (SC), a collective Web3 laboratory experimenting at the edges of music and blockchain technology. With Camp Chaos, SC brought together 77 individuals from all over the world to launch what is, in essence, a music NFT hackathon. The goal of Chaos is to create 45 songs to be released as an NFT collection totaling over 20,000 unique tokens. Transforming this Web3 music camp from an idea into a reality seems to have been anything but clear cut. Billed as a headless band, […]
Eurovision 2022 Winners Kalush Orchestra Auction off Their Glass Mic Trophy to Aid Ukrainian Army
The winners of Eurovision 2022, the ground-shattering Ukrainian band Kalush Orchestra has been popularizing Ukrainian music and culture for years. Having won the Eurovision, they have managed to deliver the message about the tragic events in Ukraine to millions of people around the world and haven’t stopped there. Now, the guys have decided to aid their motherland financially by auctioning off their well-deserved prize, namely Eurovision Glass Mic Trophy, alongside its NFT digital copy. In addition to the valuable prize, the Kalush Orchestra’s frontman Oleh Psiuk is auctioning his iconic pink bucket hat for €5 only! All funds raised from […]
How NFTS Are Forging a New Creative Economy for Musicians
It’s no secret that the music industry’s business models don’t benefit most artists. According to the 2018 MIRA Survey of Musicians, musicians in the United States have a median annual income of less than $25,000 per year. If that’s not damning enough, 61 percent of musicians say the income they receive from their music isn’t enough to meet their cost of living. The problem? Major labels and streaming services take the lion’s share of the revenue, eating a sizable portion of artists’ earnings. According to Statista, Spotify generated more than $10 billion in revenue in 2021. However, they only pay […]
The Iconic Guitar Maker Fender Files for NFT Patents
One of the world’s top-ranking guitar manufacturers, Fender, is about to enter the web3 realm. The three NFT-related patent requests filed to the United States Patent and Trademark Office (USPTO) evidence that perfectly. However, this initiative is more about Fender’s intellectual property protection, especially its guitar models, rather than jumping into NFTs. Thus, according to the trademark attorney Mike Kondoudis’ tweet, Fender has submitted a series of trademark applications concerning its headstock shape in potential NFT products, including artworks, photographs, videos, and “audio recordings featuring music and musical instruments”. It’s noteworthy that this filing is already the second Fender’s attempt […]
LimeWire Partners with UMG to Return as a Music-Focused NFT Marketplace
After over a decade of biting the dust, the nostalgic peer-to-peer file sharing platform LimeWire is coming back with a new strategy, focus, and management. Thus, the sharing service once associated with piracy announced its transformation into the NFT marketplace in partnership with the leading company Universal Music Group (UMG). The big comeback was ensured by the “serial founders” Paul and Julian Zehetmayr, co-founders of b2b-software company Stack Holdings. According to founders, the new LimeWire platform will be focused on “NFT newbies,” who feel unconfident in the highly speculative NFT realm. “The biggest challenge with digital collectibles and the broader […]
Prominent Music Producer Leaves Major Label to Create NFTs
In a lot of ways, Brooklyn-based electronic music producer MELVV represents the massive changes the music industry at large has faced in the past decade. April 7th saw the dual-release of his new single When I’m With You – as a music NFT on the Sound.xyz marketplace, and of course, as a song available for streaming on your platform of choice. Here’s how his decision may predict future strategies of the independent artists of tomorrow. Grassroots growth online Like a lot of other people who had their formative years in the 2010s, MELVV, born Jeff Melvin, found himself drawn to […]