This Week in Music NFTs - May 23
May 24th, 2022

Music NFT summer is here.

Viral moments are being tokenized.

Independent artists are pushing boundaries.

The writing is on the wall - but one question remains.

Does anyone care?

In the wake of a wider market cool off, the general sentiment within the Music NFT community has been a blend of excitement and anxiety.

Sure - music projects are expanding their reach and shooting for the stars. Behind closed doors, every operator is losing sleep wondering - how the hell do we get people to buy Music NFTs?

From this collector’s perspective, the recipe is starting to make sense:

  • Mainstream adoption is a ways away. Focus on word of mouth and the strength of individual relationships.
  • The days of making a million dollars in 24 hours are gone. Price as conservatively as possible and focus on the secondary market.
  • The Music NFT community is a bread of its own. Treat it as such.

The phrase “Music NFT” has never been more top of mind.

Still - that doesn’t mean people take it seriously. Collectors are curious, but they aren’t over the hump.

It’s our job to help change that.

And here’s how.

Featured Drop - Crypto Boy

Salem Ilese is set to debut a viral moment for Music NFTs with the debut of “Crypto Boy” on tomorrow afternoon.

The rising popstar broke into web3 when a TikTok of hers went viral on Crypto Twitter last week.

Since then - the team paired up with Pussy Riot to create the artwork for what is sure to be the sector’s most prolific moment to date.

With a symbolic node to Roe v. Wade, Salem is donating 100% of the proceeds to The Center for Reproductive Rights.

After performing the song live at Veecon this weekend, Salem is set to show the world what the CEOs of being unemployed are collecting in a bear market.

Upcoming Drops

  1. Salem Ilese - Crypto Boy
  2. Kaien Cruz x Somehoodlum - Back in Time
  3. Beauty School Dropout - Assassin
  4. MNDSGN - Cosmowagon
  5. Escape Plan - Jungle
  6. MONDAY! - Koodos

Freshly Minted

  1. RŌHKI - Desperado
  2. The Chainsmokers - So Far So Good
  3. SMLE - Bouquet
  4. Oshi - Black Eyes
  5. Whethan - Midnight
  6. Bloody White - Disgust

Top Stories

Audius Debuts Music NFT Playlists

Audius enables Music NFT playlists on the leading web3 streaming application.

Medallion Announces $9M Seed Round

The tokenized fanclub platform announces a strategic seed round.

Zora Releases NFT Editions

The public NFT tooling protocol allows creators to release editions.

Future Tape Releases Mobile App

The Music NFT player releases its first mobile version.

Mysterious Showcases Music NFT Festival

The Music Video NFT platform gears up to debut a new platform launching this week.

Bonus Reads

DegenDaVinci - (125) Music NFTs

Business Insider - Everything You Need to Know About Music NFTs

Mat Dryhurst - Spotify Narrative Shift

Daniel Allen - Lessons Learned Along the Way

a16z - State of Crypto

Reo Cragun - Light Show Debut

Music Business Worldwide - Venice NFT Member Community

This Week in Music NFTs is curated by Coopahtroopa. To stay up with the movement and submit your work to be featured, follow me on Twitter!

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