Invest in MusicX Li - think i’m in love with you
X Li joined Sound with a bang this week, becoming the first artist to receive over 3,000 mints on a Sound genesis drop, topping every Sound chart for the week with new track “think i’m in love with you.” 80s synth ear candy and acoustic guitar create a carefree atmosphere for lovesick lyrics to dance with youthful nostalgia. “My heart is beating, I am falling. Think I’m in love with you” muses X Li while contemplating the urgency of expressing his true feelings.think i'm in love with you...
Invest in MusicOur Next Chapter
To the Invest in Music community, Thank you for your support over the last 14 months. When we launched Invest in Music we had one goal. Creating a home for the onchain music community. After 58 podcast episodes, over 60 newsletters, artist spotlights, and thousands of mints across all our different series - we’re very proud to have delivered on that promise. We’d like to give a special thanks for Sound, Pods, Spinamp, Mirror, Bello, Optimism and NFT Now for being key partners in our journey. ...
Invest in MusicOnchain Music Year in Review
Reflecting on a transformative year for onchain music. What started as a niche trend has subtly grown into a strong ecosystem of artists, projects and communities passionate about the next generation of music. In this report - we’ll break down some highlights from 2023. Giving you an overview on many of the major milestones and accomplishments from the past year. Please note this list is non-exhaustive. We put out a form for projects to be included in our recap and if we missed you - we hope ...
Where fans become collectors.
Invest in MusicX Li - think i’m in love with you
X Li joined Sound with a bang this week, becoming the first artist to receive over 3,000 mints on a Sound genesis drop, topping every Sound chart for the week with new track “think i’m in love with you.” 80s synth ear candy and acoustic guitar create a carefree atmosphere for lovesick lyrics to dance with youthful nostalgia. “My heart is beating, I am falling. Think I’m in love with you” muses X Li while contemplating the urgency of expressing his true feelings.think i'm in love with you...
Invest in MusicOur Next Chapter
To the Invest in Music community, Thank you for your support over the last 14 months. When we launched Invest in Music we had one goal. Creating a home for the onchain music community. After 58 podcast episodes, over 60 newsletters, artist spotlights, and thousands of mints across all our different series - we’re very proud to have delivered on that promise. We’d like to give a special thanks for Sound, Pods, Spinamp, Mirror, Bello, Optimism and NFT Now for being key partners in our journey. ...
Invest in MusicOnchain Music Year in Review
Reflecting on a transformative year for onchain music. What started as a niche trend has subtly grown into a strong ecosystem of artists, projects and communities passionate about the next generation of music. In this report - we’ll break down some highlights from 2023. Giving you an overview on many of the major milestones and accomplishments from the past year. Please note this list is non-exhaustive. We put out a form for projects to be included in our recap and if we missed you - we hope ...
Where fans become collectors.
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Hallmark Music NFT collections are starting to stand out.
Alongside a jam-packed week of sellouts - we saw Reo Cragun’s Frameworks and Daniel Allan’s Glass House see strong support on the secondary market.
This came alongside an impressive sellout from Probably a Label, adding to what feels like an energizing next chapter for Music NFTs.
With the launch of Sound Season 4 - expect a big influx of new music entering web3 in the coming months.
But - before we dive in, let’s take a moment to reflect on where we’re at.
Music NFTs haven’t come anywhere close to having a CryptoPunk or Bored Ape moment.
If you squint, you're starting to see collectors make small margins minting Sound NFTs for ~0.05 ETH and reselling for ~0.2 ETH. While it’s a small gain, there’s starting to be a market for curation.
Granted - even a collection like Frameworks sitting at a ~0.4 ETH floor (or more than 10x from the 0.0333 ETH mint price) are doing so on the back of very minimal volume.
You see - with Music NFTs today the average ETH purchasing power goes exponentially further. 1 ETH of volume make a serious impact for these small collections.
This goes to say that if there was ever a sector to zoom in on in a bear market - it’s probably Music NFTs.
Obviously I’m biased but look around - just about every web3 consumer product is allocating resources to music, largely because it’s one of the few niches demonstrating consistent growth while the rest of the market tanks.
Be on the lookout for a more proper methodology for how we think about collecting Music NFTs at Coop Records.
I’m spending the week in Bogota, Colombia - joining Ethereum’s best builders at Devcon alongside a Music NFT Kickback with sets from Mija, Kasbeel and HeyBella!
If you’re in town - please stop by!
Here’s what to watch this week.
*Indicates members of the Music NFT Launchpad
KOTA - The Noise
Listen to Freshly Minted tracks on Spinamp!
Sound shares plans to increase onboarding and launches new Song Pages.
Decent shares a suite of creator tools for web3 artists.
Hume launches The Spot with a vote on Angelbaby’s next single.
Billboard recaps top Music NFT collections.
A roundup of the biggest music NFTs in September, including releases from the David Bowie estate, KINGSHIP and Blocktones.
StemsDAO launches their new site alongside a major raise.
The new web3 label sells out its debut collection with OpenSea.
Reo Cragun’s Frameworks EP lands on the OpenSea homepage.
This Week in Music NFTs is free to subscribe. Follow me on Twitter to stay up with the movement!
Hallmark Music NFT collections are starting to stand out.
Alongside a jam-packed week of sellouts - we saw Reo Cragun’s Frameworks and Daniel Allan’s Glass House see strong support on the secondary market.
This came alongside an impressive sellout from Probably a Label, adding to what feels like an energizing next chapter for Music NFTs.
With the launch of Sound Season 4 - expect a big influx of new music entering web3 in the coming months.
But - before we dive in, let’s take a moment to reflect on where we’re at.
Music NFTs haven’t come anywhere close to having a CryptoPunk or Bored Ape moment.
If you squint, you're starting to see collectors make small margins minting Sound NFTs for ~0.05 ETH and reselling for ~0.2 ETH. While it’s a small gain, there’s starting to be a market for curation.
Granted - even a collection like Frameworks sitting at a ~0.4 ETH floor (or more than 10x from the 0.0333 ETH mint price) are doing so on the back of very minimal volume.
You see - with Music NFTs today the average ETH purchasing power goes exponentially further. 1 ETH of volume make a serious impact for these small collections.
This goes to say that if there was ever a sector to zoom in on in a bear market - it’s probably Music NFTs.
Obviously I’m biased but look around - just about every web3 consumer product is allocating resources to music, largely because it’s one of the few niches demonstrating consistent growth while the rest of the market tanks.
Be on the lookout for a more proper methodology for how we think about collecting Music NFTs at Coop Records.
I’m spending the week in Bogota, Colombia - joining Ethereum’s best builders at Devcon alongside a Music NFT Kickback with sets from Mija, Kasbeel and HeyBella!
If you’re in town - please stop by!
Here’s what to watch this week.
*Indicates members of the Music NFT Launchpad
KOTA - The Noise
Listen to Freshly Minted tracks on Spinamp!
Sound shares plans to increase onboarding and launches new Song Pages.
Decent shares a suite of creator tools for web3 artists.
Hume launches The Spot with a vote on Angelbaby’s next single.
Billboard recaps top Music NFT collections.
A roundup of the biggest music NFTs in September, including releases from the David Bowie estate, KINGSHIP and Blocktones.
StemsDAO launches their new site alongside a major raise.
The new web3 label sells out its debut collection with OpenSea.
Reo Cragun’s Frameworks EP lands on the OpenSea homepage.
This Week in Music NFTs is free to subscribe. Follow me on Twitter to stay up with the movement!
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