I’m interested in trying out new ideas in the Web3 Music space and have been thinking about running this experiment ever since Black Dave mentioned his run at it in a Twitter Space a couple of months back. Here’s his version.
What if there was a way to make a new type of bet on an artist in the form of an NFT that could give the collector a massive upside down the road outside of pure economic models.
What if the biggest artist in the world had this before they reached mainstream success? Any initial investment on the collectors’ part would be so small down the road in comparison to the payoff.
This NFT is redeemable for a single Lackhoney song or feature verse at any point in the future.
It can only be redeemed once, and once it’s been used it can’t be claimed again.
If there's any confusion on whether or not this NFT has been claimed, feel free to reach out to Lackhoney via social media.
Regarding a traditional Web2 Release:
If the collector requests a song, this NFT does NOT guarantee that I’ll put out that song on all DSP’s (i.e. Spotify, Apple, etc). Just that I’ll make a custom song for that person/organization. I might drop it if it’s dope though.
For a feature verse, on the other hand, you’re free to do what you want with it -- given the proper master/publishing percentages are allocated ahead of any commercial release.
Ideally, whoever claims this would do so once I’d advanced a few stages in my career, but that’s up to them.
https://foundation.app/@LACKHONEY/honey-0000000001/2
I’m setting the price for this first experiment at 1.5 ETH because that’s around the price my Catalog 1/1 records have been selling at.
Whoever collects this will also be receiving an airdrop of my “Collector Key” which grants access to my Private “Collectors” Discord Channel. I share unreleased songs and run ideas like this by them before I go public.
P.S. If you’ve made it this far, I’ve got a couple of 1/1 NFT’s still available that I’ll link below :)
https://beta.catalog.works/lackhoney/trip