Just a moment...
On streaming platforms, each stream of a song contributes the same amount of revenue (approximately $0.004 per stream on Spotify), regardless of that fan’s particular intensity of affinity towards the artist. In contrast, on platforms like Catalog or Sound, superfans are purchasing NFT music for thousands of dollars each, with creators earning what... See more
Katie Parrott • The Web3 Renaissance: A Golden Age for Content
The money flowing to recording artists dropped 65% in 15 years between 1999 and 2014 because digital music technology disrupted the mechanism the recording labels had for collecting money from consumers. With streaming technologies on the rise, and now NFTs, the tide has turned in the last 7 years. Same skills. Same inherent joy for the music maker... See more
James Currier • The Economics of Creativity: Who Gets Paid and Why
platforms and networks built on the rails of blockchains are able to distribute tokens of ownership to anyone they wish, whether they’re a founder, a full-time employee, or a valuable community member. Imagine if Bandcamp had been a Web3-native company — could part of the proceeds from its recent sale to Epic Games have been distributed to the arti... See more
Friends with Benefits (FWB) • After Crypto
In other words, what happens when the fanbase is able to give the artist an advance to do their work and get exposed the financial upside of the project?