Original Author: Mu Mu & A Little Bit
Original Author: Mu Mu & A Little Bit
Enough of picture NFTs like PFP and chain games that are on the verge of collapse, why not learn something new.
If you continue to pay attention to the first-line funds and the mainstream market, you will find that many music NFT platforms have been born recently, and you will also see more and more traffic of tens of millions. Why do first-line funds and mainstream markets choose to bet on music NFT? "A little bit" analysis of the Web3.0 learning team:
1. The problem of market sizeAccording to the 22nd Annual Report of Artprice, an Artmarket company, in 2019(I'm sorry I don't have the latest data, but there have been no obvious changes in the past two years)
The total turnover of the global art market is 13.3 billion U.S. dollars; and the sales of NFT on the chain today can reach hundreds of millions of U.S. dollars a week.
According to the "2020 Global Game Market Report" released by Newzoo: In 2020, the global game market will reach a market size of US$174.9 billion;
According to the "Global Music Report 2020" released by the International Federation of the Phonographic Industry (IFPI), the total revenue of the global recorded music market (only the size of the recorded market music) is 21.6 billion US dollars. When the art market and game market have a blowout explosion and growth on the chain; it is inevitable that the fire of "NFT" and "Web3.0" will spread to the music industry.
2. The music industry may be more suitable for NFT than many industries
The two biggest dividends in the blockchain market today are technology dividends and capital dividends; what is lacking is high-quality content productivity and creativity, as well as a broader traffic market.
The music industry that has matured to a monopoly is facing an absurd scenario under the "play volume economy": there is a gap that has been established since the end of the 19th century between the big record companies that are making money every day and the musicians who are full of complaints. This century-old dilemma, from music scores to vinyl to Internet Web2.0, has not been resolved.
Record companies control copyrights, and Internet companies control traffic distribution; even top musicians do not have the right to price their own music; and after music has become a mass consumer product and copyright business, music that is forced to be "free" has also lost its scarcity.Top musicians want "traffic that really belongs to them"「Fan-Power」, to regain the control of fans in their own hands,
The natural model of blockchain and the fit of blockchain technology and NFT is the reason why top musicians are scrambling to grab a seat.
Mid- and long-tail musicians also need more "value discovery platforms" rather than centralized options. When Spotifi’s music broadcast can only receive 3 cents at a time, 650,000 times a month can create a trend of $15; when the world of Web2.0 even needs to queue up for 8 months to produce vinyl, Web3.0 and NFT Naturally, it becomes the best "self-help plan" for new musicians.
Well, it is the trend, embrace the trend dividend, don't resist.
Be first, be smarter.
first level title
Evaluation of Thirteen NFT Music Platforms
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one,OneOf
one,Pure black simple style
Introduction:Based on the Tezos blockchain-based green NFT music platform, five levels of ONEOF, DIAMOND, PLATIUM, GOLD, and GREEN can be selected when the work is released, and each level has different rights and interests.
Financing:Financing:
Completed a $63 million seed round of financing, with participants including environmental activist Bill Tai, Nima Capital's Suna Said, Sangha Capital, technology investor Jack Herrick, Tezos Foundation, and more.Musicians settled in:
Supports multiple music genres, current artists include Doja Cat, John Legend, Alesso and The Kid LAROI.
Ease of use index: 5 stars
Zero-cost issuance: Artists who issue NFTs on their platform can experience free casting, allowing low-priced or free NFTs to be issued, fans can trade their NFTs in the secondary market of the platform, and allow the use of credit cards or debit cards in more than 135 legal currencies Debit cards as well as cryptocurrencies and stablecoins to buy NFTs.
secondary title
two,Royal
two,Black and blue simple style, testing stage
Introduction:Royal is an NFT-like music platform launched this year by the well-known American DJ and producer Justin "3LAU" Blau to help artists create and sell NFTs, while fans can earn royalties in return for investing in artists' works.
Financing:Financing:
In August 2021, a US$16 million seed round of financing will be completed. Paradigm and Founders Fund participated in this round of investment and each injected US$7 million. General partners Fred Ehrsam and Keith Rabois joined the Royal board of directors. Royal co-founder JD Ross invested $1 million through his own venture capital arm, Atomic, and several angel investors contributed the remaining $1 million.
A new round of financing of US$55 million was completed in November, with participation from a16z, Coinbase Ventures, Paradigm, The Chainsmokers, Nas, Logic&Kygo, etc.
Musicians settled in: 3LAU released the world's first NFT music album in March, earning more than $11.68 million within 24 hours.
Ease of use index: 5 stars
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three,Rocki
three,Black and red series, testing stage
Introduction:Introduction:
ROCKI is a music streaming service and digital payment ecosystem, powered by ROCKS tokens.Musicians settled in:
There are currently more than 800 music NFTs issued and traded.
Ease of use index: 4 stars
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Recommended index: 3 stars
Four,Audius
Four,trendy wind
Introduction:Audius is a decentralized music sharing and streaming protocol, platform token AUDIO
Financing:Financing:
In July 2021, it was announced that it had obtained US$3.1 million in strategic financing, led by Multicoin Capital and Blockchange Ventures, and participated by Pantera Capital and Coinbase Ventures.
Announced in September that it has completed $5 million in financing. Investors include Katy Perry, The Chainsmokers, Nas, Jason Derulo, Pusha T, Mark Gillespie and other artists, as well as former Sony Music CEO Martin Bandier, investment company K5 Global CEO Michael Kives, performing rights organization SESAC CEO John Josephson.Musicians settled in:
Currently, Audius has 6 million monthly active users, more than 100,000 track resources and more than 1 million playback content. Has reached cooperation with deadmau5, 3LAU, RAC and other top artists.
Ease of use index: 3 stars
The entry threshold is high, participating musicians and users must hold at least 100 Audio tokens to have a Silver Tier account and be eligible to use the Collectibles function.
secondary title
Recommended index: 3 stars
five,Voice Street
five,Multi-system, with game attributes
Introduction:Voice Street is an NFT platform focused on music copyrights, intellectual property (IP) derivatives, and music-based GameFi.
Financing:Financing:
In December 2021, it announced the completion of an institutional round of financing of US$3.5 million. Institutions participating in this financing include Huobi Ventures, Dragon Roark, Shima capital, Lucid Blue Venture, RedLine Dao, AU21 Capital, Caballeros Capital, Halvings capital, TMT capital, Hotbit Labs, Founder of NEO ,Founder of LABS Group, Chinapolka, Dota World Champion, BullPerks, Crypto VN, BMW capital.
Musicians settled in:
Ease of use index: 3 stars
In addition to the NFT copyright pledge mechanism, the multi-genre music NFT hairstyle mechanism, and the NFT pledge mechanism, Voice Street’s design entrusts the NFT assets with copyright ownership to Voice Street for management and operation through pledge, and Voice Street transfers copyright Operating income will be returned to the pledge pool after deducting operating costs, maximizing the value of NFT copyright and the rights and interests of NFT owners.
Ways to make money on the Voice Street platform include:
IP-NFT works distribution income
Income from blind boxes, auctions, IP asset package issuance, etc.;
secondary title
Recommended index: 3 stars
six,Mint Songs
six,Mystic Wind, Beta
Introduction:Designed to help creators skip platforms and middlemen and take ownership directly. At the same time, its products can help music artists cultivate an active Web3 community.
Financing:Financing:
Announced in December 2021 to have secured a $3 million seed round led by Castle Island VC, with participation from Coinbase Ventures, North Island Ventures, Freestyle VC, IOSG Ventures, and Gramatik. Previous investors included AAF Management , Goodwater Capital, East West Ventures, Michael Lazerow (Managing Partner, Velvet Sea VC) and Ian Simon (CEO, Strangeloop Studios).
Resident musicians:
Ease of use index: 3 stars
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seven,Token||Traxx
seven,Black and red, pop music style
Introduction:Token||Traxx is an NFT platform built by musicians for the music community. It gives you a whole new way to create, curate and collect music.
Financing:Financing:
undisclosed
Ease of use index: 3 stars
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eight,Melos Studio
eight,black simple style
Introduction:The Web 3.0 music NFT platform adopts DAO governance, enabling creators to gain inspiration through NFT DNA Tree. Melos Studio built a GitHub music creation pipeline that also serves as a social connection for musicians and fans to communicate and share music.
Financing:Financing:
Dapper Labs, Innovion, NGC Ventures, and Multichain Capital participated in previous funding rounds for Melos Studio.
Musicians settled in:
Ease of use index: 5 stars
secondary title
Nine,Genius
Nine,white simple style
Introduction:Genius is a music NFT marketplace platform
Financing:Financing:
In June 2021, it announced the completion of a $4 million seed round of financing, led by Dapper Labs CEO Roham Gharegozlou, with participation from Mark Cuban, actor Ashton Kutcher, and Morgan Creek founder Anthony Pompliano.
Ease of use index: 3 stars
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ten,Music NFT Project Nina Protocol
Introduction:Introduction:
In June 2021, the Nina protocol, a music NFT project based on Solana and stored in Arweave, announced Litepaper, which will soon launch a token economy.
Ease of use index: 5 stars
Recommended index: 5 stars
secondary titleeleven,
NFT music platform The HUSLblack simple style
Introduction:NFT music platform,
Token:HUSL
Token:
Ease of use index: 4 stars
Recommended index: 4 stars
secondary titleGenerate music NFT project EulerBeats
textBlack
Introduction:EulerBeats is a Polygon-based NFT music and art project featuring algorithmically generated art and audio.
Financing:Financing:
Eulerbeats development team Treum.io was established in 2016 and has received investment from ConsenSys.
What sets Eulerbeats apart is the royalty and economic model. It is possible to forge a new version. In addition to bringing income to the owner of the original disc, it may also benefit the person who forged the new version. 8% of the income of the new version will go to the owner of the original disc.
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Recommended index: 5 stars
secondary titleSound.xyz
pixel windpixel wind
Introduction:Every song on the site can be listened to for free, but each song is limited to 25 editions, meaning only 25 people can buy it for collection.
Financing:Financing:
In December 2021, pioneering music startup Sound.xyz raised $5 million in seed round financing, with investors including a16z, Variant Fund, Atelier Ventures, a handful of crypto angel investors and artists such as Holly Herndon, 21 Savage, and DJ Drama.
Here only buyers can comment on songs and can be seen by everyone. This means unique exclusivity for buyers who own this NFT.
Learning experience of the second period:
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