Blockchain powered music festival
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Content:
- Why You Can’t Put The Music Industry On A Blockchain
- Nas Gives Fans Streaming Rights To Two Songs In NFT Partnership
- First Ever Blockchain-Powered Festival 'OUR Music Festival' Announced
- What are NFTs and why should electronic music care?
- The First Crypto Powered Music Festival: Interview with OMF Co-Founder Justin Blau
- First Ever Blockchain-Powered Festival ‘OUR Music Festival’ Announced
- 3LAU talks about the first music festival powered by blockchain, Our Music Festival [Interview]
Why You Can’t Put The Music Industry On A Blockchain
Every week we simplify the market into key points so you can stay up to date on market trends, upcoming drops, top project guides and much more! In , the inevitable occurred, as NFTs were embraced by a music industry that was more than eager to find alternate revenue streams once the COVID pandemic effectively cut off musicians from their primary sources of income — live shows and merchandise sales. This year, more than any other previously, artists both well-established and up-and-coming realized that they could go directly to their fans, and sell unique, tokenized versions of their songs, albums, and artwork — and ultimately, those musicians could yield substantially higher profits.
As a type of digital asset, NFTs offer up a new way for creators to market and sell their content, expanding the possibilities of how art, music, literature and more can be disseminated and consumed.
Music NFTs will continue to revolutionize the way that artists and fans create community together as we enter the upcoming year — undoubtedly changing the trajectory of countless budding music careers. Now that the possibility of sharing wealth within an independent, digitized ecosystem of fans and creatives has been actualized, the future of the music industry seems even less predictable than it did in the midst of a global pandemic.
Breaking new ground with jacquesgreene. Early in , U. I have a lot of hopes and fears tied to it. Much rather think and talk about what might happen than sitting around feeling dread. This platform is a promise. Forbes front page. Dream come true. With an eye towards revolutionizing the music business by empowering independent artists while providing them direct access to their fans, Catalog entered the NFT conversation back in early March, becoming the first marketplace designed specifically for audio NFTs.
They further boasted one-of-a-kind sounds and impressive animation. These sales helped pave the way for future seven-figure sales on the platform by headliners such as The Weeknd and Eminem. Issued by RCA Records, it was their first new collection of songs in three years. Simultaneously, the band of brothers became the first musical group to also make their album available the same day as an NFT.
And boy, did it pay off! Exclusive versions of the album, unique digital artwork, and lifetime concert passes were offered as part of the offering. If you want to join the best minds in the space and do this right, reach out. In , the Grammy-winning artist released his album, EGO , through blockchain-powered beta music streaming and download platform Ujo Music.
In the months since, the fans have become friends with the group, and in recent months, Disclosure has even performed sets during Delphi Digital events. Not a minute went by and all 3 reserve bids were met. This spring, musicians and visual artists from around the globe came together to collaborate on three brand new songs. Divided into three teams that eventually took on band-like names, the artists worked over five weeks to create the multimedia tracks, which were then sold as music NFTs.
Altogether, the creative collective of 13 strangers earned Thank you community for purchasing Limited Editions! NFTs AsyncMusic pic. In early May, a Texas choral group auctioned off an NFT of a unique digital recording, making it the first piece of classical music to sell on the blockchain. The minute-long tune, composed by Nicholas Reeves, was listed by Async Art , a digital art auction blockchain platform, and the winning bid was The proceeds were distributed to all who were involved in the historic recording.
If you ever picked up a copy of The Source during the s, you have already seen the incredibly candid work of hip-hop photographer Chi Modu. The Nigerian-born, Jersey-bred visionary snapped what remain some of the most iconic images of Tupac, Notorious B. Modu died on May 19 at the age of But just prior to his passing, Modu minted 19 NFTs of his photos, making them available through his website, hiphopimages.
I had to try and win it! Trance musician BT spent 10 months working on Genesis. Described as one of the most technologically-sophisticated NFTs to date, Genesis. The song sold for AUG 24!!! Fans took to Reddit in the wake of the auction, to complain about the platform, noting irregularities and glitches that stymied efforts to buy the NFTs, and later, to sell for a profit.
Many took to Twitter to express their displeasure, with some saying they felt duped by the rapper. Lanez has remained mum on the matter. When it comes to music streaming services, Audius is unique.
Launched in , Audius is controlled by artists and owned by a community of token holders, rather than a single, centralized entity. Audius — which counts Diplo, Weezer, and Odesza as clients — has more than 5 million active monthly users. For years, Mig Mora was an Illinois rapper, struggling to make a name for himself in the unforgiving music business. And in , it dawned on Mora that his music days were probably over, and that it was time to get a job. In February, Mora got a second chance at a music career after purchasing CryptoPunk On Aug.
I am CozomoMedici. Turning heads with million-dollar purchases and his cryptic style of tweeting, the outlandish influencer first stumped followers by revealing his connection with superstar Jason Derulo. After a month of gaining popularity in the NFT space, Cozomo agreed to announce his true identity during some playful banter with fellow collectors. It has not been heard by many, making it one of the rarest albums ever released: the Wu-Tang Clan worked six years on Once Upon a Time in Shaolin, releasing a single copy of the LP in A lot of things in life are temporary, fleeting, impermanent.
But remember this — just like our blockchain, Wu-Tang is forever. Bidding on the hip-hop crypto art piece began at midnight on Nov. Thank you to all who made this incredible moment in music and NFT history possible!
Similar to legacy auction houses becoming involved in the NFT ecosystem, this landmark auction illustrated the potential of NFTs to help bring iconic artists into a new era of music culture. Permission to come a bored? The rich, famous, and infamous entered the NFT space in a big way in , with celebs of all types signing on and picking up their own Bored Apes. NFTs have made a massive splash in , creating a ripple effect felt throughout the tech, finance and creative industries.
Yet, the music industry alone seems to be presenting the most illuminating litmus test for how blockchain technology could facilitate co-creation and co-ownership of intellectual property. With mainstream adoption of NFTs on the horizon as some of the most successful brands in existence become involved in the non-fungible marketplace, a paradigm shift within the music industry is seeming less far-fetched with every passing month.
Bring on ! Coinbase is the easiest place to buy and sell crypto. Get actionable insights about the NFT market Every week we simplify the market into key points so you can stay up to date on market trends, upcoming drops, top project guides and much more!
February Jacques Greene sells music publishing via Foundation Breaking new ground with jacquesgreene. In Partnership With.
A record label in your pocket. View More.
Nas Gives Fans Streaming Rights To Two Songs In NFT Partnership
Launched in , relentlessly connecting films to festivals, documenting and promoting festivals worldwide. For collaboration, editorial contributions, or publicity, please send us an email here. RSS Feeds. Most recently Abramorama utilized the Artinii. Abramorama is the preeminent global distribution, marketing, and rights management partner for feature films and episodic programming, with a special focus on music and social impact documentaries.
First Ever Blockchain-Powered Festival 'OUR Music Festival' Announced
Fortunes were lost, bubbles were burst, but people party on — just because Bitcoin wasn't the pot of gold doesn't mean you can't get there with currencies such as Monero, Stellar or Tron. Or that the blockchain isn't valuable. On October 20th, ,,The Greek Theater in Berkeley held what might be the world first cryptocurrency music festival. Around 8, people turned up to party, blockchain style. Naturally, you could buy your ticket with cryptocurrency, but real money was also accepted. The venue was stunning, with an array of smoke, lasers and lights making the stage glow like a LSD rainbow. Instead of paper, tiny pieces of white paper printed with QR codes floated down from the sky like so many discarded candy wrapper on Halloween.
What are NFTs and why should electronic music care?
By Stefania Stimolo - 20 Oct By participating in the OMF network, you can get to know and use the token directly in the real world, exchanging it for products, services and experiences — digital and not — offered directly by OMF services or associated festival events, such as merchandising, production, catering, housing, transportation, sponsors, etc. In essence, all concert attendees will be able to learn about and earn crypto and immediately use it within the ecosystem of the festival. In addition, there will be crypto-spaces where some of the best blockchain companies in the world will be ready to demonstrate and explain this innovative technology, a great opportunity for all those curious about the crypto world.
The First Crypto Powered Music Festival: Interview with OMF Co-Founder Justin Blau
San Francisco, the urban centre of technological development in America, will host the first ever decentralized music festival in October, where attendees can redeem cryptocurrency for products, services and experiences. The single day event will run from pm. The festival will utilize a new digital currency token, OMF, as a medium of exchange. Concert-goers can currently purchase tickets using bitcoin , ether , Litecoin and Bitcoin Cash. Pre-sale tickets are already sold out. VIP tickets will also be available.
First Ever Blockchain-Powered Festival ‘OUR Music Festival’ Announced
Free Your Mind Festival, one of the most established dance music festivals in the Netherlands, returned to Stadsblokken in Arnhem for its 16th year. The festival took place once again at its enchanting riverside location beneath one of the most famous bridges in Europe, John Frost bridge. The aim was to facilitate the ticketing process, give something of value to festival goers and create a vivid experiential layer at the festival. The digital experience began a week before the festival. Additionally, the immutability, security and transparency of EOS Blockchain verification ensured that the tickets were distributed with ease and integrity. The prize Vatom could then be redeemed for a real Kornuit beer at bars across the festival on Saturday, adding a rewarding experiential layer to the festival experience. Then being able to walk up to the bar when I arrived and redeem a free beer using just my phone — that was pretty impressive.
3LAU talks about the first music festival powered by blockchain, Our Music Festival [Interview]
Founded in by Forbes-listed billionaire Mikhail Prokhorov, Sensorium Corporation overviews the technological development of the Sensorium Galaxy platform and supplies it with a wide range of events and experiences through top-tier global content partnerships. Under the umbrella of Sensorium Corporation, leading VR and AI players come together to create and deliver the most remarkable virtual experiences. Sensorium Corporation is registered in the Cayman Islands.
Why not add a crypto music festival to the list? By all accounts, the festival appears to have been a success. According to Zara Stone of Forbes , 8, people showed up to the Greek to take part in the collective crypto experience. Stone attended the festival, and she illustrates the kaleidoscopic scene at-length in her article.
Acclaimed electronic dance music producer, 3LAU, groundbreaking blockchain entertainment studio SingularDTV, and the largest independent festival promoter in the US, Prime Social Group, have joined forces to change the way fans experience live music forever. The bill will be rounded out by some of the hottest names in hip-hop and EDM and will be announced in the coming weeks. After exploring the potential synergies between blockchain technology and the festival business, the partners have identified solutions to mitigate ticket inflation, counterfeiting, scalping, lack of consumer control and dozens of other inefficiencies that plague the industry. The OMF team ultimately believes that festival creators must place more power in the hands of fans to spark a necessary evolution of the live music space. Fans could earn crypto-currency simply by participating in the festival ecosystem, thus providing value. In the long term, the OMF team is building technology that will enable token holders to influence festivals themselves, from the lineup to location. While it will take time for OMF to reach its full potential, our team has studied blockchain-layered applications and legal compliance for years to facilitate realistic steps toward decentralization.
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