musicben.eth 🎧

5 ways crypto upgrades the music industry: 1. Distribution Right now it takes 3 months to get paid after your song is streamed on Spotify. It should be instant. 2. Permanence Your music shouldn’t disappear when a platform shuts down. Your playlists + mixtapes shouldn’t disappear either. 3. Splits and rights There should be one source of truth for all song ownership, with smart contract splits for all contributors. 4. Ticketing Transparent ticketing. Verified fan-first purchasing. Kill scalping with smart contract resales. 5. Know your fans Artists should know who streams their music, buys their merch, buys tickets. 6. Bonus: capital formation Artists should be able to raise money without predatory record label and publishing deals. Patronage from fans, or shared incentives via token ownership.

The music industry would be 10x more efficient onchain. • pay artists instantly, not 3 months late. • splits and rights in one verifiable place. • transparent data to track real fans. • raise capital without giving up rights. • fair ticketing. The problem: music monopolies often have a vested interest in keeping these things inefficient.

Just ripped a pack of songcoins from @cooprecs @ripsapp. Giving me those 2022 NFT reveal chills. Super nice 👌🏼

Our fun little music app is Apple’s App of the Day in 139 countries. Proud of you factory

Me as a Lego! Thanks @tryemerge by @atown, spark yours up now!

We are now paying users on Base every time their data is queried. 7k wallets paid in the last week. New onchain economy where value flows to those who create it. @memoryprotocol.eth

I feel like we used to be a lot more excited about composability in consumer crypto… Speculating is fun. But moving stuff around the internet is actual crypto magic

All time high (altitude)

Travelling with kids is the biggest joy. Six new countries visited for them this summer 🇳🇱🇩🇪🇨🇭🇫🇷🇱🇺🇧🇪

Good morning from the Alps

Grinded 4 years through the bear market for this moment and you’re all going to send ETH to ath right when I take my first ten days off in the mountains 🙃

This Privy thing is huge. Embedded wallets are great for onboarding but I always worried they would take away a crypto's magic potential (composable, interop identity that can jump between apps). Always hoped it was part of the Privy masterplan to bring all these fragmented pieces together.

The product and market will keep changing. The only constant is working with good people. Most important choice you make.

I'm trying to make one music industry map every week. This week I mapped 20 different music tech trends on a hype cycle. Music NFTs -> trough of disillusionment AI music gen -> peak of expectations

I thought music nfts and "web3" was our best chance to meaningfully change the music industry. I still do. But we are in a deep rut. So it's time for a vibe check. Who's still here? And where are the opportunities right now? ↓

Okay I’ve watched about 12 hours of Glastonbury footage today. S-tier: • Lorde • Four Tet • Doechii A-tier • Overmono • Wolf Alice • Turnstile B-tier • Charli

Four Tet absolutely transcending at Glastonbury.

91% of artists and creators are now using AI in their creative process

15 things you might have missed in the future of music this week Crypto • Aria launches new token backed by music royalties (justin bieber, bts, miley). • Zed's Dead comes onchain. • Zora - every creator is now a tradable coin. Tech + AI • Deezer is now tagging AI tracks (~18% of all songs uploaded) • Midjourney launches video model - directors are already making full music videos. • Distrokid artists can now put videos on Spotify. • TikTok launches Fan Clubs (memberships, exclusives, shows, priority access) • 91% creators are using AI in their workflow. • New product: RadioPromo uses AI to help you pitch music to radio stations. • Apple Music rumoured to be working on AI generated playlists. Music industry • US music publishing revenue hits $7 billion (13.4%). Now growing faster than recorded music. • UK government pledges £30m to help emerging artists and grassroots venues. • Universal Music opens its second physical store. • Spotify is preparing to launch high-res audio

Deezer is now tagging songs that are AI generated. Approx ~18% of all tracks uploaded every day are AI. I can only imagine how many more are on Spotify.