Web3 Music: A Deep Dive into the Wild World of Music NFTs (Part 1)

My first post here - so naturally, I will do my thing.

Rascal Recommends
Rascal Recommends

The web3 music scene is exploding. What began as a niche interest for crypto enthusiasts has evolved into a full-fledged music industry on the blockchain. This blog post is your guide to this exciting new frontier.

We'll be exploring this vast ecosystem in a series. Today, we'll delve into Part 1: Web3 Music Platforms and Discovery.

Curated Platforms: Where it all Begins

For most artists and fans, the journey into Web3 music starts with curated platforms. These platforms act as gateways, selecting artists and music for their drops.

Here are some of the leading players:

  • Sound.xyz: Arguably the most popular platform, Sound.xyz boasts drops from Snoop Dogg, Daniel Allan, and others. They specialize in affordable editions of music NFTs.

  • Catalog: Catalog focuses on exclusive, single-edition releases (1/1s). They also incorporate a community aspect, inviting select members to recommend artists.

  • Serenade: The first platform to create chart-compatible music NFTs, Serenade allows drops to qualify for mainstream music charts.

Beyond these, there's a range of other curated platforms catering to different tastes and preferences. We'll explore some of them in a future post!

Owning the Song, Sharing the Profits: Royalty Share Platforms

Web3 isn't just about collecting cool music; it's about empowering artists and fans. Royalty share platforms allow NFT holders to earn a portion of the streaming revenue generated by a song.

Here are some of the frontrunners in this space:

  • Royal: The biggest platform of its kind, Royal has hosted drops from Chainsmokers, Diplo, and Nas. Every NFT on their platform grants access to a share of streaming royalties.

  • Anotherblock: Anotherblock offers a compelling selection of drops with royalty streams, including songs by The Weeknd and Alan Walker.

  • Opulous: Similar to others, Opulous allows music NFT ownership to translate into a share of streaming royalties, featuring artists like Tyga.

Navigating the Web3 Music Seas: Discovery and Aggregation

The Web3 music landscape is vast and ever-expanding. To help you find the music you love, there's a new wave of discovery tools and aggregators. These platforms allow you to:

Some of the key players in this space include:

  • Futuretape: Created by the founder of Hype Machine, Futuretape aggregates music NFT drops for easy discovery.

  • OohLaLa: Create and share playlists curated from your music NFTs, or explore curated playlists based on genre and mood.

  • SpinAmp: This simple tool lets you build playlists and stream your music NFTs straight from your crypto wallet.

This is just a glimpse into the exciting world of Web3 music platforms and discovery tools. In the coming parts of this series, we'll delve deeper into other corners of this new music ecosystem, including:

  • Artist tools and music production in Web3

  • The role of record labels and live events

  • How fans, media, and the metaverse are shaping Web3 music

  • A brief history of crypto music

  • How artists, DAOs, and music projects are working together

  • Who to watch in the ever-evolving Web3 music space

Stay tuned for more in-depth explorations of the future of music!

Want some tunes to accompany your Web# music discovery?

Check out the latest Rascal Recommends from my blog at:

More awesome stuff here:

Subscribe to little rascal
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.