Are Music NFTs dead?
Despite huge reward opportunities for onchain artists - the mainstream is still very turned off by NFTs.
Flayana Boss served as the latest example of how fan backlash could turn an artist away from dropping their music onchain.
Iman Europe left her thoughts on the drop in a recent Tweet.
To get a better perspective on the fan view of onchain music we spoke to VÉRITÉ - one of the first onchain artists who just minted this great breakdown of what her fans think of NFTs. Check out episode 41 of our podcast here.
Companies are responding by making their products easier to understand - but that’s only half the battle.
Opensea announced email sign-ins while Sound rebranded its Forever editions to Free editions to make pricing easier to understand.
Optimism announced the RetroPGF Round 3 rewards - with Invest in Music earning 22K OP alongside other onchain music winners like Coop Records Music, Sweetman and LATASHÁ.
All this goes to say - we still have a long way to go to make onchain music click.
But we’re excited the conversation is starting to center around reaching real fans and we’re here to support every step of the way.
Want to learn more? DM us to join the Invest in Music chat.
We’re giving away a free IM Pass to the first person who collects our Year in Review Report.
Invest in Music is sponsored by Coop Records - an onchain record label.
Coop Records has released 100+ songs onchain with artists like Daniel Allan, RŌHKI and BLOODY.
They collaborated on drops like ORIGINS, Faceless and Existential Dance Music.
If you see a * next to a song - this means that there is overlap with Coop Records.
To submit your project to Coop Records - email firstname.lastname@example.org.
30M OP was distributed among 501 recipients.
The duo took down their NFT after fan backlash.
Create a self-custodied wallet on Opensea with just an email.
Royal debuts their new AI-music tool - Sonic.
Forever editions have been renamed to “Free Editions.”
0xSplits dives into their integration with Zora.
Check out what we were listening to this week on our Sound Playlist.
See the thread here.
10 free mints for The Optimism We <3 the Art Competition.
See the thread here.
Disclaimer: The content of this announcement is published in the United States of America and persons who access it agree to do so in accordance with applicable US law. Coop Records Management LLC (“CRM”) is not a wallet provider, exchange, broker, financial institution, money services business, or creditor.
The Invest in Music podcast, newsletter or other materials from CRM (collectively, “Content”) is for informational purposes only, and should not be construed as legal, tax, investment, financial or other advice. Nothing in this post or in any Content constitutes a solicitation, recommendation, endorsement, or offer by CRM or any third party service provider to buy or sell any securities or financial instruments or products. All Content is information of a general nature and does not address the circumstances of any particular individual or entity. CRM is not a fiduciary by virtue of any person’s use of or access to Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of Content before making any decisions based on such Content.
You should not treat any opinion expressed by Cooper Turley or others with respect to the Content as a specific inducement to make a particular NFT purchase or follow a particular strategy, but only as an expression of opinion. Before acting on information based on the Content, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own legal, tax, investment, financial or other advisors. CRM or its affiliates or clients may, directly or indirectly, have a financial interest in Content discussed.