We’re excited to launch Sound Swap.
Sound Swap is a new feature that allows you to one-click collect and sell editions of your favorite songs.
Now, you can mint editions of a song at any time for new Sound Swap drops, even after the primary sale ends.
As new editions are collected after the primary sale, funds are stored in a liquidity pool.
As the pool grows, you can instantly sell your editions at the current market price.
Sound Swap automatically determines the price based on how many editions have been collected, serving as a price discovery mechanism between supply and demand.
Read on for more details.
Our two main goals at Sound have always been 1) to help artists make money on their music and 2) to reach as many people as possible.
Today, artists are limited to accomplishing that within a fixed timeframe (Open Edition) or a fixed supply (Fixed Edition). In order to take Sound to the next level, we needed to align incentives between artists - who often want to reach as many people as possible with their music – and collectors – who want to bet on a song or artist and be rewarded for being early.
Specifically, there were three issues we wanted to solve with Sound Swap.
Supply - Even if a song goes viral after the initial drop, the edition count is frozen and the community cannot expand. A song with 25 editions is forever capped at a maximum of 25 collectors, and new fans can only collect if and when existing collectors decide to list.
Price - Artists are pressured to pick the perfect price for their drop and its success is defined by whether it “sells out” or hits a certain number of mints within a short time frame. With Sound Swap, collectors control the market price and supply once the primary sale ends.
Liquidity - It takes time to match buyers to sellers, particularly for songs with a lower edition count. Additional liquidity has the potential to unlock more value for music that is otherwise discounted by an illiquid secondary market.
Sound Swap alleviates pressure from artists needing to pick quantity & price, enables more collectors to mint over time, and rewards collectors for being first.
Songs using Sound Swap will start with a 24 hour Open Edition at 0.005 ETH per edition.
Music is meant to be inclusive, and a more approachable mint price in the primary means that more collectors can afford to participate.
The Golden Egg is revealed after the primary sale ends – meaning you had to be there early to win.
During the primary sale, artists earn 95% of the proceeds.
Now, you can mint after the primary sale ends, giving you more opportunities to collect your favorite songs.
With each edition collected, the price of the next edition increases.
As new editions are collected on Sound Swap:
7.5% goes to the artist (similar to what happens today on secondary marketplaces)
2.5% goes to Sound
90% is stored in a liquidity pool
As the pool grows, you can instantly sell your editions at the current market price.
As editions are collected on Sound Swap, a portion of the proceeds are reserved as liquidity for existing collectors if and when they decide to sell.
Example: If 50 editions are collected in the primary and 10 editions are collected on Sound Swap, then only 10 editions can be sold. Once 10 editions are sold, you can no longer sell on Sound Swap unless additional editions are collected.
When you sell editions, you’re instantly paid based on the current market price from the liquidity pool.
The price per edition decreases with each edition sold. Once the liquidity pool is depleted, no further editions can be sold on Sound Swap (but you can continue to list on Sound Market and other secondary marketplaces).
We’re excited to debut the first Sound Swap drop with Reo Cragun for his new song, “Spent”.
The primary sale starts on March 28th at 4:00PM EST and will be a 24-hour open edition at 0.005 ETH per edition.
Sound Swap activates when the open edition ends on March 29th at 4:00PM EST.
Disclaimer*** I do not have bands like Blockchain Brett ...
We’re excited to continue building tools for artists that help them get paid for their music and reach as many people as possible, while simultaneously creating an ecosystem where collectors can mint their favorite songs, support their favorite artists, and be rewarded for being there first.
Each song has its own unique lifecycle that ebbs and flows with the influence from artists and their fans.
Instead of limiting songs to a supply of 25 editions or a 24-hour open edition, Sound Swap enables songs to grow over time while continuing to reward early collectors.
It’s the first of many features aimed towards making Sound accessible to the mainstream.
We’d love to hear your thoughts on Sound Swap. Join the discussion on Twitter or Discord.
sound.xyzSound.xyz is Entering Maintenance Mode
Preserving what’s built, while focusing on what’s next. As of today, Sound is officially entering maintenance mode. As announced last week on X, we’ll be disabling new uploads and artist onboarding. But all existing drops will remain live, and artists can still withdraw their earnings at any time. This decision wasn’t made lightly—but it’s the clearest way to preserve what’s working without slowing down the future we’re building.What’s ChangingFans can still listen, browse, and collectArtists...
sound.xyzIntroducing Sound Protocol
When we built Sound, the vision and mission was to create a world where any artist has complete creative control of their art and career without compromising the ability to own the relationship with their audience. In order to do right by artists and their communities, we had to make careful product decisions that allowed us to test our hypotheses about the future of music in a way that would allow us to generate real insights without sacrificing the trust of musicians, listeners, and collect...
Own A Song, Join A Community → Building web3 tools for artists.
We’re excited to launch Sound Swap.
Sound Swap is a new feature that allows you to one-click collect and sell editions of your favorite songs.
Now, you can mint editions of a song at any time for new Sound Swap drops, even after the primary sale ends.
As new editions are collected after the primary sale, funds are stored in a liquidity pool.
As the pool grows, you can instantly sell your editions at the current market price.
Sound Swap automatically determines the price based on how many editions have been collected, serving as a price discovery mechanism between supply and demand.
Read on for more details.
Our two main goals at Sound have always been 1) to help artists make money on their music and 2) to reach as many people as possible.
Today, artists are limited to accomplishing that within a fixed timeframe (Open Edition) or a fixed supply (Fixed Edition). In order to take Sound to the next level, we needed to align incentives between artists - who often want to reach as many people as possible with their music – and collectors – who want to bet on a song or artist and be rewarded for being early.
Specifically, there were three issues we wanted to solve with Sound Swap.
Supply - Even if a song goes viral after the initial drop, the edition count is frozen and the community cannot expand. A song with 25 editions is forever capped at a maximum of 25 collectors, and new fans can only collect if and when existing collectors decide to list.
Price - Artists are pressured to pick the perfect price for their drop and its success is defined by whether it “sells out” or hits a certain number of mints within a short time frame. With Sound Swap, collectors control the market price and supply once the primary sale ends.
Liquidity - It takes time to match buyers to sellers, particularly for songs with a lower edition count. Additional liquidity has the potential to unlock more value for music that is otherwise discounted by an illiquid secondary market.
Sound Swap alleviates pressure from artists needing to pick quantity & price, enables more collectors to mint over time, and rewards collectors for being first.
Songs using Sound Swap will start with a 24 hour Open Edition at 0.005 ETH per edition.
Music is meant to be inclusive, and a more approachable mint price in the primary means that more collectors can afford to participate.
The Golden Egg is revealed after the primary sale ends – meaning you had to be there early to win.
During the primary sale, artists earn 95% of the proceeds.
Now, you can mint after the primary sale ends, giving you more opportunities to collect your favorite songs.
With each edition collected, the price of the next edition increases.
As new editions are collected on Sound Swap:
7.5% goes to the artist (similar to what happens today on secondary marketplaces)
2.5% goes to Sound
90% is stored in a liquidity pool
As the pool grows, you can instantly sell your editions at the current market price.
As editions are collected on Sound Swap, a portion of the proceeds are reserved as liquidity for existing collectors if and when they decide to sell.
Example: If 50 editions are collected in the primary and 10 editions are collected on Sound Swap, then only 10 editions can be sold. Once 10 editions are sold, you can no longer sell on Sound Swap unless additional editions are collected.
When you sell editions, you’re instantly paid based on the current market price from the liquidity pool.
The price per edition decreases with each edition sold. Once the liquidity pool is depleted, no further editions can be sold on Sound Swap (but you can continue to list on Sound Market and other secondary marketplaces).
We’re excited to debut the first Sound Swap drop with Reo Cragun for his new song, “Spent”.
The primary sale starts on March 28th at 4:00PM EST and will be a 24-hour open edition at 0.005 ETH per edition.
Sound Swap activates when the open edition ends on March 29th at 4:00PM EST.
Disclaimer*** I do not have bands like Blockchain Brett ...
We’re excited to continue building tools for artists that help them get paid for their music and reach as many people as possible, while simultaneously creating an ecosystem where collectors can mint their favorite songs, support their favorite artists, and be rewarded for being there first.
Each song has its own unique lifecycle that ebbs and flows with the influence from artists and their fans.
Instead of limiting songs to a supply of 25 editions or a 24-hour open edition, Sound Swap enables songs to grow over time while continuing to reward early collectors.
It’s the first of many features aimed towards making Sound accessible to the mainstream.
We’d love to hear your thoughts on Sound Swap. Join the discussion on Twitter or Discord.
sound.xyzSound.xyz is Entering Maintenance Mode
Preserving what’s built, while focusing on what’s next. As of today, Sound is officially entering maintenance mode. As announced last week on X, we’ll be disabling new uploads and artist onboarding. But all existing drops will remain live, and artists can still withdraw their earnings at any time. This decision wasn’t made lightly—but it’s the clearest way to preserve what’s working without slowing down the future we’re building.What’s ChangingFans can still listen, browse, and collectArtists...
sound.xyzIntroducing Sound Protocol
When we built Sound, the vision and mission was to create a world where any artist has complete creative control of their art and career without compromising the ability to own the relationship with their audience. In order to do right by artists and their communities, we had to make careful product decisions that allowed us to test our hypotheses about the future of music in a way that would allow us to generate real insights without sacrificing the trust of musicians, listeners, and collect...
sound.xyzSunsetting Sound
Sound is shutting down on January 16
Share Dialog
Share Dialog
Own A Song, Join A Community → Building web3 tools for artists.
Subscribe to sound.xyz
Subscribe to sound.xyz
>1.9K subscribers
>1.9K subscribers
No activity yet