Welcome to the 25 new creatives who joined us since we launched.
My childhood dream was to be an artist and producer. In fact, I’d be lying if I said I’ve completely given up on it!
Web3 is changing the music industry for the better. In this guide, we’ll review the tools that are making this change possible.
Why Should Musicians Use Web3
As always, let’s start with why web3 is important for musicians.
Get a headstart on the future of music distribution
Additional source of income through collectibles (Music NFTs)
Your fans have skin in the game by investing in your music
As a result of the above, you can unlock a new level of fandom and enjoy a closer relationship with them
Automated royalties from secondary sales of your music collectibles
On-chain attribution for any sounds you create
Why Should Record Labels Use Web3
Record labels also stand to benefit from web3. Here’s how.
Attract rising web3-native musicians to your label
Position the artists in your label as future-driven creators
Tokenize your community and decentralize some parts of your operations
Raise funding from fans who are actually invested in the music (subject to regulations in your jurisdiction)
Web3 music is still new though.
Early adopters will have the advantage and enjoy the above benefits first.
I already covered some tools and use cases that apply to web3 music in issue 001.
Please read it if you haven’t already.
Let’s unpack some more that are specific to music.
Summary - Arpeggi is an on-chain digital audio workstation (DAW) where musicians can publish their sounds and mint them as NFTs.
Use Case - Create and release music entirely on-chain and get 100% attribution whenever your sounds are remixed.
Music NFTs And Collectibles
Summary - Enables fans to discover amazing new music and collect NFTs from rising artists.
Use Case - Host virtual listening parties and release fixed or open edition NFT collections for your music.
Summary - Enables fans to collect 1-of-1 music NFTs from their favorite artists.
Use Case - Host auctions to sell collectibles of your songs or albums.
Summary - Enables fans to discover, invest in, and trade songs and albums.
Use Case - Share a portion of future streaming royalties with your fans and receive upfront revenue.
Summary - The easiest way to drop collectibles to your top fans. On the web, iPhone & Android.
Use Case - Enable your fans to save your songs to their Spotify libraries by minting free collectibles.
Summary - Collectible video NFTs for creators and collectors.
Use Case - Create and sell collectibles for your music videos. You can also release them for free to your closest fans.
Summary - A virtual gaming world where players can build, own, and monetize their gaming experiences.
Use Case - Create your own virtual world and make music videos in it. Feature some of your fans as virtual characters.
Summary - A web3 platform for hosting collectible live streams.
Use Case - Host token-gated live streams of your studio sessions and enable viewers to mint digital collectibles for the streams.
Web3 Music Community
Summary - A curated audio-visual community.
Use Case - Collaborate with other artists in the Heds community and release music together.
Summary - Shopify enables web3-powered merchants to token-gate their products or entire online stores.
Use Case - Give holders of your collectibles exclusive access to purchase your merch, concert tickets, and more.
There are many more tools but I believe the above list is a reasonable starter kit.
Leading Web3 Musicians And Record Labels
It’s impossible to list all the amazing artists and builders in the web3 music scene.
However, here are some of the most innovative ones I’ve seen.
You can find more artists, record labels, tools, and web3 music communities in my directory.
It now has 300+ listings across 15 categories and growing every day!
Check it out here:
This issue is available to mint as a collectible!
Collect one for $0 on Polygon.
Giveaway: One lucky collector will receive my first and only music NFT to date! It’s a beat I made 12 years ago in school.
Thank you for reading! 🙏
I’ll share toolkits for podcasters, video creators, and consumer brands in the following issues.
Afterward, we’ll start covering simple tutorials and novel ideas for using these tools.
I’d be happy to chat if you ever need more in-depth guides. Feel free to book a call here.
Let’s #goplatformless together.
See you next Monday for Issue 003!
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Nothing I share will ever be financial or investment advice. No content will be sponsored unless otherwise stated.