Previous articles in the series
As previous posts have shown, the question of ‘why’ becomes central to every conversation I have, and my ‘why’ is different to yours, or yours, or yours .. we all have our reasons to connect with ideas. So, in response to some of these conversations I have decided to adapt the model to not just fund on a project by project basis, but to share in the onchain revenue in return for participating and contributing to my projects. The Sound of Fractures Token will now offer collectors who contribute by buying the token during the project window to share 50/50 in the onchain net profits of the project Scenes, with the other 50% going to a Sound of Fractures treasury. The move will hopefully bring in more interest but also help participants feel a part of the project, from process and journey to end product in terms of artistic output but also of revenue.
For me any revenue share model for musicians has always felt a bad idea due to the admin pressure it puts on the artist to account to contributors over the long term, these challenges for me make it an unworkable idea. However, I wanted to explore this approach and by working on a project by project basis and focusing on onchain profits it can work and facilitate the use of the blockchain to handle the back end distribution of funds via an onchain splits contract. The budget will consist of previous Sound of Fractures income combined with the Sound of Fractures Token project raise. The budget will go towards the build of the custom project site and the marketing and PR for the project. Once the project has recouped, all net revenue will be automatically distributed to token holders in return for their participation and contribution to the output of the project. If the aim is to truly make the audience participants in the artist's world, then this approach aims to acknowledge that participation at both the conception and output of the project.
By buying Sound of Fractures Token you are a creator in the project alongside me and you can capture the value that you add as you watch it grow. This ranges from 1 to becoming an executive producer for 200 Tokens.
Buy your tokens now: