This is a letter for Warrobit in Buenos Aires, Argentina. We have a new invention. Some call them onchain albums and others call them mixes. The technical name is ERC6551 token bound accounts (TBA). They give your music the same powers you have when you use metamask. It gives each song a wallet.
ERC6551 in Music
ERC-6551 turns every NFT into a smart wallet that can own tokens and interact with dApps across the Ethereum ecosystem. - tokenbound.org
With ERC6551, all existing, and new, onchain music has it’s own wallet. Here’s some simple examples of how Warrobit can already use ERC6551 today that were not accessible beforehand:
playlist
Send a song into your Playlist account to add it to the playlist. Remove the song from your Playlist account so fans won’t hear the song any more. Each week, you can go in & manage your playlist by adding songs, removing song & changing the order. Imagine bringing playlists across OohLaLa, SpinAmp & Future Tape.
album
For Warrobit’s latest album WARRO FASHION STAR he can drop each of the 14 tracks on Sound, Zora, Lens, etc. Then, they can send one edition from each into the Album’s account. The album, in OpenSea, displays the latest version of the album, which the musician can update over time. Companies who should adopt: Zora, Lens & Sound.
bundles
Warrobit can send 11 editions from one song, 7 editions from another, and 3 from a third into a Bundle account. When Warrobit sells that bundle on Zora or OpenSea, the buyer automatically receives all the songs inside the bundle. The new owner can either keep some, or all, of the songs inside the bundle. Let’s imagine the buyer sends 8 of the songs out of the bundle to their personal account. The owner may then resell the bundle, minus the 8 songs they’ve transferred out of it. Companies who should adopt: OpenSea, Rarible & Zora.
Onchain Albums v0.0.2
OnchainAlbum.xyz is a tool to listen to music from your CDs / Playlists / Albums / etc. built on ERC6551. Listen to an onchain iPod. Or a mix. Or a CD. Or a playlist. There’s still 99% of exciting ideas that have yet to be unlocked once we empower music with the same account’s we humans use. This is a new technology. You can help write the narrative. What memes do you want to use in order to share the ideas of ERC6551 with musicians?
You can visit our latest progress at on chainalbum.xyz or tune in to the ERC6551 working group for weekly status call updates. This technology is free to use in publicly accessible.
credits
design by Alex Paul