Headed back from Art Basel and one thing is clear.
The Music NFT community is alive and well.
Whether it was Zoratopia, WavWRLD or Campfire - there were dozens of pockets with artists, collectors and founders cementing the culture around web3 music.
Community is the backbone which allows the rest of the market to thrive.
As we head into what’s traditionally a slow month for the music industry, my intuition is its actually going to be quite the opposite for web3.
Music NFTs today don’t rely on the same resources as the traditional industry.
Collectors are active during the holidays, and traditional press isn’t really necessary for sold out collections to thrive.
As we head into the last month of 2022 - there a few things to keep in mind.
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We’ve yet to see a true “breakout artist” in web3.
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We’ve yet to see a “100x” for a given song at scale.
While the writing is on the wall, keep in mind that the biggest songs, artists and collections are still yet to come.
So keep an eye on the Sound Charts.
In the same way we look to places like CoinGecko and OpenSea to keep a pulse on the wider crypto market, expect to do the same with the wider music market using Sound as an indicator.
I’m excited to share some major projects in the next few weeks - so be sure to keep your notifications on.
Here’s what to watch for this week.
Upcoming Drops
Genesis Sound Drops
Freshly Minted
Listen to Freshly Minted on Spinamp.
Top Stories
Audius Launches Fiat-Onramp with Stripe
Users can now buy $AUDIO with a credit card on Audius thanks to Stripe.
Arpeggi Launches Zoom Remix Contest with Reo Cragun
Reo Cragun hosts a token-gated remix context with Areggi.
Billboard Recaps Biggest Music NFTs in November
Ben Brown breaks down the top selling artists in Novemeber.
Angelbaby Announces Debut Album “Clio”
Virtual artist Angelbaby shares his upcoming album in collaboration with the Hume Collective.
Spinamp Adds Cross-Platform Activity
Spinamp launches new features to see cross-platform activity.
TK Sells Out Eternal Garden
TK makes a statement by selling 700 editions for his album Eternal Garden
Zoratopia Takes Over Art Basel
LATASHÁ and team host an unforgettable evening at Art Basel.
WavWRLD Hosts WavROOM
KarmaVioletta leads an intimate evening with web3 artists at Art Basel.
Sound Crosses 6k Collectors
More than 6k unique addresses have collected a Music NFT on Sound
Defient Partners with Warner Chappell
Warner Chappell explore web3 with a new partnership with Defient.
Bonus Reads
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Disclosure: I am an investor in Sound, Heds and the Hume Collective. Coop Records sponsored Zoratopia. I collected Eternal Garden and most of the artists mentioned in Freshly Minted.