Home CryptocurrencyAltcoin Web3 is creating a new genre of NFT-driven music

Web3 is creating a new genre of NFT-driven music

by SuperiorInvest

Use cases for music-related Web3 technologies are piling up as the industry struggles with adoption. OF the democratization of royalties for song rights and blockchain licensing older companies such as Sony Entertainment applies for patents for music authenticated by immutable tokens.

While electronic dance music and pop They seem to get the most attention when it comes to NFT music, even making a difference in more traditional areas like an opera.

However, like any new and novel tool, there are creators who live off the hype. This is often seen with “shitcoins” and pump-and-dump NFT projects, both of which have little or no value or long-term utility.

As music NFTs become more popular, hype follows. Hundreds of NFT music projects appear on Twitter, creating what can almost be considered a sub-genre of NFT music.

All the hype begs the question: What comes first, the music or the desire to create a musical NFT?

Cointelegraph spoke with creators in the NFT music industry to answer this chicken-and-egg question and understand this new genre.

Related: Experts explain how music NFTs will strengthen the connection between creators and fans

Adrien Stern, CEO and founder of Reveel, a web-based revenue-sharing platform for musicians, said that NFTs are actually breaking genres rather than creating them.

“Musical NFTs are anti-genre. In NFT, we see a lot more diversity and creative freedom – as if artists can finally create just to create, not to conform to algorithms.”

Before NFTs, another wave of Internet musicians created music for virality in short video clips. “There is no doubt that artists have been creatively liberated by NFT. They no longer have to write music that will work on a 30-second TikTok video,” says Stern.

One example is NFT musician Sammy Arriaga, who used his online community on TikTok and Twitter to sell over 4,000 music NFTs.

Another NFT musician and blockchain music label creator, Thomas ‘Pip’ Pipolo, told Cointelegraph that his artistic passion for creating music trumps anything else.

“I’m motivated by trying to create music and then use NFT as an artistic tool to get a real product that can be sold to fans and investors.”

However, when it comes to the music being promoted for NFT creation, Pipolo says that good music is good music and bad music is bad music, whether it’s on Web2 or Web3:

“I think it’s important to take away from selling ‘bad’ or ‘less quality’ music that artists are selling more than their music.”

The importance lies in the technology that allows artists to use available tools, such as artists on Twitter, to sell their personalities and stories while giving fans more credibility as owners and participants, not just followers. Pipolo says, “It levels the playing field for those who have the ability but lack the connection.

Web3 founder Jeremy Fall backed the statement, saying it was definitely not hype. Even more is the idea:

“Using technology to create a complementary music experience that people couldn’t get before.”

Fall says that musicians have always needed to incorporate many art forms into their creations—i.e. visuals, performance, audio, video and these new Web3 tools make it possible.

When it comes to hype, the consensus in many scenarios surrounding music is that it’s both deserved and natural. Web3 musicians and music creators like Pipolo, Fall and Stern see NFT music as the result of the true power of decentralized technology.

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