Why Cooper Turley Spent $300,000 on Music NFTs

Spotify launched in the US 10 years ago this month. Here's my best take at how economics flow from a $9.99 monthly subscription. Three takeaways: 1) Spotify only keeps ~33%, 2) Artists and songwriters don't get much, 3) Music is really, really complicated.

My conversation with Punk 6529, a leading thinker and investor in the NFT space, is enjoyable, immersive, informative, fascinating, and extremely important. It will blow your hair off and make your brain melt. I’m going to have to rewatch it a few times to take it all in. I suggest you settle in with a big glass of Rioja or a nice cup of tea and tu... See more

Last month, in a test of concept, Royal and DJ 3LAU gave away digital assets representing 50% streaming ownership in 3Lau’s latest single. Within the first two weeks, the song reached a value of over $6 million. It’s early, but this illustrates that the market values music rights and connections to artists in a way that centralized platforms can’t ... See more