Web3
How to be an Artist in a Web3 World Web3, with its decentralized concepts and focus on creator ownership, has the potential to transform the music industry in numerous, powerful ways. First off, a short definition of what we mean by «Web3»: Web3 is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. Some technologists and journalists…
Whether your reaction to the term »Music NFT» is WTF? or LOL! This introduction will hopefully clarify a few aspects of the concept.The first music NFTs were released in the market in 2021 with major acts like Kings of Leon and electronica acts liks DJ-producer 3LAU as examples of NFT-pioneers. Now, four years on, despite some individual success stories, NFTs are far from being seen as an industry standard.Let’s see…
Patronage has been a driving force behind musical creativity and innovation throughout history, ensuring that artists historically have been free to focus on their art and flourish. The question is, do we need this practice more than ever in the 21st century?A brief history of patronage in musicIn Medieval times and the Renaissance the Church and wealthy nobility were primary patrons, commissioning sacred music and supporting court musicians and composers.…
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