The writing is on the all for a Music NFT tipping point.
With the launch of Sound Protocol, composability is about to see a bump as anyone can deploy a Music NFT song contract for less than $10.
While it’s not quite open to the public, artists like Reo Cragun are demonstrating the potential with his new EP Frameworks - a 5-track project that lives on Sound and reocragun.xyz at the same time.
This comes on the back of Hume announcing a whopping $11.7M Series A - a very strong signal for metastars like Angelbaby and the next generation of virtual artists.
We saw OpenSea debut their primary Launchpad in collaboration with OmgKirby and Channel Tres - selling out 5500 editions of generative music.
The Weeknd quietly onboarded through Anotherblock - selling 400 editions of ‘Acquainted’ with a small cut of master royalties for holders.
Round it out with Blocktones offering fully commercial beat licenses from A-list producers in their genesis drop and there was a little something for everyone this week.
So - what does this all mean?
Minting Music NFTs is about to become cool.
There’s a cultural moment happening. The barriers to entry are getting lower and minting is changing from a novelty to a curiosity.
It’s the next chapter for independent artists and there’s a consistent recognition that this space is worth paying attention to.
Major labels are quietly inking deals to start distributing their catalog and players like Spinamp are offering a convenient streaming experience to bring these tracks to a new wave of curators.
Don’t blink - things are starting to heat up!
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Freshly Minted
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Top Stories
Sound Launches Music NFT Protocol
Sound debuts their new protocol to mint Music NFTs.
Hume Announces $11.7M Series A
The web3 label behind Angelbaby announces a major capital injection to launch metastars.
Reo Cragun Debuts Frameworks EP
Reo Cragun teams up with Bonfire to drop his new EP using the Sound Protocol on reocragun.xyz.
Opensea Debuts Launchpad with OmgKirby x Channel Tres
The generative music collection gets a spotlight from OpenSea.
Water & Music Launches Sidechain Editorial
The leading web3 music research DAO debuts a new editorial column.
Kids of the Apocalypse Announces Genesis Free Mint
The newest Solana-based Music NFT project announces a free mint for “The Noise”.
Arpeggi Announces Song Competition
The web3 DAW launches a contest for Music NFT producers.
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