Category: Artists
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.
As a follow-up to our myriad studies of fan sentiment around music/Web3 projects in Season 1, we embarked on a survey analysis of how artists and music-industry professionals were feeling about Web3 across its numerous forms, including NFTs, DAOs and social tokens.
RAC DAO is the community of holders of independent electronic artist RAC’s eponymous social token, $RAC. In February 2022, he worked with HIFI Labs to launch a custom web portal known as “racOS” for his Web2 fans to claim $RAC tokens and access token-gated tracks and other exclusive content perks down the line. That same month, $RAC also became the first artist social token to be available on Coinbase Exchange.
Holly+ is an artist DAO, built around the eponymous machine-learning tool that allows anyone to clone the voice of experimental electronic artist Holly Herndon. At its heart, Holly+ hopes to use a combination of emerging technologies to decentralize creativity.
Good Karma Records (GKR) is a record label DAO founded by the artist Grady Lee. Since raising 20ETH from 76 backers in November 2021, GKR has distributed its $KARMA governance tokens and voted on their first artist signing, Daz Merchant.
Songcamp is a community founded by independent artist Matthew Chaim, with the goal of building more financially sustainable, decentralized infrastructure for like-minded artists to share their creative output and develop projects together. These projects are organized into “camps,” and one of these camps, the interactive musical storytelling and worldbuilding project Elektra, has transformed into a DAO.
Songcamp is a community founded by independent artist Matthew Chaim, with the goal of building more financially sustainable, decentralized infrastructure for like-minded artists to share their creative output and develop projects together. These projects are organized into “camps,” and one of these camps, the interactive musical storytelling and worldbuilding project Elektra, has transformed into a DAO.
