Web3

  • Opulous adds MFTs (Music Fungible Tokens), an SEC compliant music investment vehicle on the blockchain. (Hypebot
  • Music NFT sales in 2021: What we learned (Water&Music
  • Describing Major Music NFT Platforms as Music Products — Part 1: The Rise of Curators + The Push for Product Metadata (MusicDataPro
  • The Chainsmokers have given 5000 fans a 1% cut of their new album's streaming royalties as part of an NFT giveaway with Royal. Each token equates to a 0.0002% ownership. (Decrypt
  • What does the #CryptoCrash mean for web3 and music? (MusicAlly
  • 5 strategies to make money with NFTs as an artist. (Magnetic
  • Holders of the Party Degenerates NFTs will have unlimited access to Ushuaïa and Hï Ibiza during the island's longest clubbing season in history. (EDM
  • Music artists are making what they’d earn from one million streams in ‘two minutes’ with NFTs. Now they’re turning toward Web3—right alongside Snoop Dogg. (Fortune
  • Sales of NFTs have fallen from a daily average of 19,000 this week, compared to 225,000 seven months ago, according to new data. (Independent
  • Is the metaverse about to revolutionise the way artists release music? (Kimberly Knoller
  • Blond:ish to launch world-first carbon negative $BYEBYE token on Socialstack, powered by Celo, to mobilize climate action through incentives and rewards, including $25K in crypto. (XLR8R
  • Dirtybird have launched Birdhain, a 24/7 rave inside the metaverse. (RA)  
  • Electronic DJ and Royal CEO Justin Blau (3LAU) on where the NFT industry moves beyond pricey JPEGs. (ChainReaction
  • Limewire has raised $10.4m in a sale of its LMWR token to drive plans to return as an NFTs marketplace. (MusicAlly) Among the investors is deadmau5's fund, 720Mau5. (EDM)  
  • DJ and crypto startup founder 3LAU explains the value behind music NFTs. (TechCrunch
  • Yes, Blockchain might well revolutionise music royalties. No, it’s not going to happen anytime soon. (MBW
  • Warner Music Group has entered into a partnership with Web3 protocol POAP. Short for 'Proof of Attendance Protocol', POAPs are digital mementos minted as NFTs. (PRNewswire
  • Transitioning to Web3 by building a research DAO with Cherie Hu (Water & Music) (Interdependence
  • Web3 is yet to take off despite the hype. (FT
  • Considering that dance music is currently in a spot where talk of NFTs and streaming economics usually generate a more impassioned response than even the biggest tunes, perhaps it's time to sound the alarm. (Shawn Reynaldo
  • Music and the Metaverse: Are we on the brink of a virtual artist revolution? Artists and labels are experimenting with what it means to perform in a virtual world. We explore the new creative, cultural and economic landscapes the metaverse has to offer. (RollingStone
  • Analysis of 8,400 NFT collections, including 19.3m individual NFTs, found that a third “have essentially expired, with little or no trading activity” while another third are “trading below the amount it cost issuers to mint the tokens”. (MusicAlly
  • Immersive live-streaming tech company Volta raises $3m from investors, including Pixelynx and Robb McDaniels. (MBW
  • Top industry lawyer Gregor Pryor on the rise of NFTs - threat or opportunity for the music business? (MW
  • KlubCoin launches global cryptocurrency for all clubbers, festival goers and electronic music fans and creates an innovative new “Party-to-Earn” model. (RotD
  • The metaverse hype will need to account for screen fatigue in an increasingly digital world. (Midia - Hanna Kahlert) 
  • Steve Aoki talks about the blockchain, the metaverse, and the business of music. (Verge
  • La Feria Club, the 20-year old club from Santiago, Chile, and the Italian iconic label Deeperfect are holding the first-ever Metaverse Club Nights on Meta Quest 2! (RotD
  • Blockchain-based music investment platform Royal, co-founded by 3LAU, has revealed that Diplo is the next artist to team up with the company to sell shares in his streaming royalties. According to 3LAU, “fans will be able to own rights” in Diplo’s music by buying so-called Limited Digital Assets (LDAs). 3LAU, says that these LDAs are “tokens with music rights embedded in them”. Starting at $99, Gold tokens give buyers a “0.004% streaming royalty rights ownership”, as well as access to the collector channel in Royal’s official Discord. There are 2,000 Gold tokens available. (MBW)

About IMS

IMS: International Music Summit is a global educational and motivational thought-leadership platform dedicated to the continued development of electronic music primarily through the presentation of global summits for the industry. 

About Beatport

Beatport is the worldwide home of music for DJs, producers, and their fans. Founded in 2004, the Beatport family of companies includes Beatport, the preeminent store for electronic music DJs, Beatsource for the open-format DJ community, and Loopmasters, Loopcloud and Plugin Boutique for music producers. Follow us on Twitch, Facebook and Twitter, and Instagram.

About Loopcloud

Loopmasters is the definitive place to find the best samples, loops and instruments from the world’s most influential DJs, artists and producers. In 2017, Loopmasters launched Loopcloud, the industry-leading subscription service that gives producers the tools they need to take their music further. Follow Loopmasters on Facebook, Twitter and Instagram.

About Fuga

FUGA: The choice for electronic record labels since 2008. We provide distribution, marketing, analytics, royalty accounting and neighbouring rights services for our global client base. FUGA has offices in Amsterdam, London, Berlin, Paris, Rome, Milan, New York, LA, São Paolo, Rio de Janeiro, Tokyo and Seoul.

About AFEM

AFEMA global voice for electronic music; representing our culture and commerce. AFEM's membership spans all industry sectors, with over 250 company members across 25 countries, the organisation connects its worldwide membership to develop opportunities and enable change.

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Record of the Day has produced a subscription-based daily publication for the music industry for over 19 years, featuring all the best news and comment, along with an editorially-chosen future hit. Sign up for a free trial here.
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