nikbean
0xd1eF
September 21st, 2022

Late last year, our team of touring artists, music lovers, builders, and economists came together because we saw a problem with the music industry as we knew it. 

It had lost its luster; centralized entities controlled the value placed on the hard work of creators, often measuring their success with social engagements and “virality” over quality. Web3 offered a new opportunity for musicians and creatives to capture value from their art in ways they couldn’t in web2, from cultivating deeper relationships with their fans to earning far beyond their current streaming payouts. 

So, we built Decent.

Our team went to work to prove our core thesis: by building a product that worked with web2 music distribution platforms, we could tap into new means of value capture that many were overlooking. Streaming giants like Spotify are web3 music’s biggest competitors, but we saw the opportunity to leverage their mass adoption for the benefit of musicians and their fans.

September 15th, 2022

INTRODUCTION

We’re excited to introduce a new NFT collateralization tool: DCNT Vault Wrappers (Decentralized Creator Non-fungible Token Vault Wrappers).

DCNT VWs significantly expand the utility of NFTs without compromising their proven value as a digital collectible and reputation instrument. They offer a fungible financial layer that can be valued independently of the artwork and create new opportunities for speculation. Owners can preserve the integrity of NFTs’ individuality and contribution to wallet identity while earning alternative yield via wrapped NFT ERC-20 tokens staked into various DAOs and protocols.

Importantly, this mechanism exists entirely on-chain, so the redemption of locked ERC-20 tokens is not dependent on the solvency or benevolence of any one entity.

0xBAfb
May 11th, 2022

For context, almost two months ago, we announced that Amanda Frances’ release would be on a bonding curve.  Amanda did an even better job announcing this with her post and video - WTF Are Bonding Curves? 

We named our (bonding curve) dynamic pricing mechanism Crescendo and published the release announcement below, explaining how bonding curves work and why we want to use them.  If you haven’t already, we recommend skimming through to get acquainted with Decent’s Crescendo:

0xBAfb
April 19th, 2022

Staking Music NFTs to Optimize the Post-Mint Relationship

How can an independent artist build a vibrant career? Past iterations of this problem statement have considered this a one-sided question of patronage or exchange: what might an artist offer their audience for maximum profits?

At Decent, we view artist monetization as a question of incentive alignment: how might an artist and their fans share in value jointly created? To answer this question, we need to move beyond patronage.

The primary financial metric for success in music NFTs should not be how much an artist can charge their fans at mint. Rather, it should be how much the fans can generate for and with the artist post mint. This novel goal requires a novel design. 

0xBAfb
March 16th, 2022

TL;DR: Crescendo enables fan powered price discovery, instant & guaranteed liquidity, and an initial implementation of synthetic royalties.

The way that music NFTs have been priced and monetized to date is unsustainable. The most popular pricing mechanism has been NFTs in the form of editions (our first releases on Decent have been priced this way, too).

With this model, a combination of arbitrary scarcity and community has driven significant hype around releases and has often led to quick sell outs. A surprising externality is that the primary metric of success has become whether editions sell out immediately.

We believe that the value of art should not be judged on a single moment.  Fan bases, songs, and artists grow and develop over time.  Therefore, NFT releases should be dynamic, enabling prices to reflect the strength of an artist’s community without restricting its size.