What if we treat the financial rails around music with the same level of creativity as the music itself?
Where the production and physical space limitations for this type of augmented reality inhibits scaling this type of experience to mass audiences, we can see the metaverse – with its many platforms and worlds, and with varying levels of interactivity – being a place where we see more of these estates extend their reach using new technologies.
Artificial intelligence and machine learning are ushering in a whole new paradigm for music-making, where automated processes and tools are aiming to augment or even replace fundamental compositional and engineering skills.
How we created a music Web3 learning experience with and for our members — going from ideation to execution in just three months.
Over the last month, several contributors in the Water & Music community collaborated to analyze music NFT market dynamics, based on data from our members-only music NFT database. This report is the result — an in-depth analysis of 2021 music NFT sales by artist genre, platform/protocol, and label affiliation, covering over $86M worth of revenue, as well as a qualitative discussion of popular and emerging forms of utility that have emerged around the format in the last year.